In these challenging and increasingly competitive times, debt buyers and recovery managers need to be resourceful in their efforts to gain an edge in their collection strategies. This is why Card Acquisition, LLC has created an innovative program to maximize recovery rates utilizing its "balance transfer" program and the Affirm Credit Card.
Not all debtors are alike in their ability or willingness to repay their outstanding obligations in cash. That diversity creates an opportunity for additional recoveries by offering an alternative solution to a debtor within your recovery process. Our "RecoverCard(sm) Program" complements your existing collection strategies and generates collection returns from debtors that would otherwise go unrealized. If "the bottom line" is your focus, you can achieve higher collection rates and maximize asset value with our "RecoverCard(sm) Program".
The accounts are “worked” for a pre-determined period, typically ranging from 60-270 days under a third party Collection Agreement. Through multiple contact channels, the consumer is offered the opportunity to settle in cash or transfer their settlement balance to a new "Affirm" Credit Card. In general, the program works best for accounts in the secondary through warehouse stage of recovery.
Card Acquisition, LLC pays you a pre-determined percentage of each principal balance converted to a credit card. This percentage is a "premium" over the bulk sale rate of the portfolio. In addition, you receive the net cash liquidations less collection commissions. Depending upon the portfolio demographics, you can expect your “net back” to exceed 150% compared to a traditional cash collection approach.
At the end of the "RecoverCard(sm) Program", all accounts that were not converted to credit cards or settled in cash are returned to you for further collection or sale in the secondary debt market with the added benefit of updated location and account status information on the returned accounts. Previous participants have experienced increased liquidations due to the updated account information.
Finding out is simple and risk-free. Send us a confidential file of accounts. We will analyze your accounts with our proprietary "RecoverCard(sm)" modeling system and provide you with a FREE estimate outlining the recovery potential on your accounts.
You can't answer YES to this question if you have not discussed the economics of our "RecoverCard(sm) Program". Capitalize on your opportunity to stay on the cutting edge of collections by utilizing one of the best alternative collection approaches in the industry. Call (605) 336-2144 or contact us Today To MAXIMIZE Your Liquidation Rates.
* The "Affirm®" Credit Card and "RecoverCard(sm) Program" are registered trademarks of Card Acquisition, LLC.
