Traditional Debt

We refer to the purchase of non-bankrupt, charged-off consumer accounts as our traditional debt business. Since 1996 we have purchased over $29 billion in face value for an investment of over $715 million. Once accounts are purchased, we sort them and attempt collection using a variety of techniques including: third party agencies, our in-house collection attorneys, and a network of third party collection lawyers. We optimize our collections by primarily relying on our own call centers. Proper underwriting of these accounts is difficult and requires extensive knowledge of the characteristics that predict cash flow. This knowledge is applied to a wide combination of customer demographic characteristics. Our highly experienced statisticians and analysts estimate the value of each account using models built on performance data gathered from over 1,000 purchased portfolios. We have developed an enviable track record of being able to accurately predict results. We believe that this has given us a competitive edge in pricing portfolios and has helped us to avoid unnecessary portfolio write-downs based on performance deviation.

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Please contact one of our Traditional Debt marketing team members below for more information:

Chris Graves
Vice President, Portfolio Acquisitions
Phone: (757) 961-3515

Claire Arndt
Assistant Vice President, Portfolio Acquisitions
Phone: (757) 961-3537