There are three related cash flow services available to enhance your bottom line in the area of consumer contract funding:
Consumer Contracts and Note Purchasing :
Consumer Note purchasing of new accounts and seasoned portfolios as well as charged off accounts allows you to transform your consumer notes into immediate cash.
Maximum attention is given to flexibility so as to enable your customer finance programs to fit the needs of your project. Consumer contract funding programs can be designed for all types of retail installment contracts and unsecured consumer contracts, which traditional funding sources would shy away from.
In-house portfolios, ongoing consumer contracts or both of the above may be sold at a discount, with the funding source holding back a reserve, to cover potential defaults.
Billing for your Consumer Contracts:
Third party servicing of existing and future accounts can actually reduce expenses while increasing efficiency and improving cash flow.
You will be able to access a 24-hour a day online service for your accounts . . . so you will always know how your portfolio is performing. In this way you can feel comfortable that your accounts are receiving the proper attention.
Collection Work for late paying Consumer Contracts:
If you need a source to provide collection work for your delinquent consumer receivables or contracts.