Due to heavy consumer spending and record levels of consumer debt, the total volume of charged-off consumer debt is growing rapidly. It therefore becomes important for creditors and debt buyers to have multiple recovery strategies.
Many lenders and distressed consumer debt buyers have struggled to maintain recovery rates in an industry that can require massive amounts of overhead and complex analysis of daily financial data. Consequently, there are few debt buyers able to offer multiple solutions to recovering bad debt. But Card Acquisition, LLC is in a prime position -- financially and logistically -- to purchase charged-off accounts for cash or be your partner through our RecoverCard(sm) Program to maximize the cash recovery of your distressed debt.
Not all debtors are alike in their ability or desire to repay a charged-off account. Through our innovative RecoverCard(sm) Program, we will evaluate your charged-off accounts and work to balance transfer appropriate accounts to the Affirm® Credit Card. We can either acquire the accounts for cash as we convert them to credit cards 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 maximize your overall recovery rates and complement your existing collection strategies.
