Heavy consumer spending and record levels of consumer debt followed by an economic downturn have increased the amount of bad consumer debt. Depressed housing prices and tight consumer credit has eliminated a consumer's ability to refinance his or her debt. It is more important than ever for Creditors and Debt Buyers to have multiple recovery strategies.
Creditors, Debt Buyers, and Collection Agencies have struggled to maintain cash liquidation rates in a down economy and in an industry that can require massive amounts of overhead and complex analysis of daily financial data. Consequently, there are few companies that have moved beyond the method of "traditional cash collections" to offer viable alternatives to the consumer. That's why Card Acquisition, LLC has developed the Affirm® Card. Our Balance Transfer Option will optimize the amount Creditors and Debt Buyers can recover from their portfolios and it is an attractive option for consumers.
Contact us and we will evaluate the amount of "lift" that our balance transfer program can provide to your portfolios. We can either pay you a pre-determined settlement price for accounts that choose the balance transfer option or invite you to participate in the cash flow from the credit cards as these accounts mature and generate cash flow. Our goal is to optimize your ROI and improve the consumer experience by providing an opportunity for the consumer to qualify for an Affirm® Card.
