The services offered by Card Acquisition, LLC benefit consumers, lenders and distressed debt buyers on many levels.
We help consumers by settling their debt in a positive manner through the Affirm® Credit Card and offering the benefits of a new credit card. The Affirm® Card program gives the consumer a tool to establish a positive trade line by making timely payments on the Affirm® Card in accordance with the cardholder agreement. Their payment performance is reported monthly to the credit bureaus.
We help lenders and debt buyers by increasing their recovery rates on non-performing debt. The "balance transfer" credit card model, used in conjunction with a traditional collection program, has been proven to increase liquidation rate from a distressed portfolio.
We help other credit card issuers acquire new accounts through the acquisition of portfolios of our customers who have established a positive payment history on the Affirm® Credit Card. We truly create a win-win situation from distressed debt.
