The debt purchasing arrangement is one in which you sell your outstanding account receivable or judgement to a debt buyer at a discounted rate in return for immediate cash.
Debt purchasing is a widely accepted and highly effective alternative to conventional debt collections, and is typically used when the best efforts of a company’s in-house collections staff, a third-party collection agency, or even a collections attorney have failed to collect on a written off consumer or B2B debt.
Debt purchasing provides your business with immediate cash flow and allows you to reallocate manpower and resources to more productive and lucrative activities.
“It isn’t the mountain ahead that wears you out;
it’s the grain of sand in your shoe.”
-Robert W. Service
Over the past 30 years, we’ve helped hundreds of small, mid-sized and large businesses in Massachusetts and throughout New England, including:
- Waste & Trash Removal
- Sprinkler & Irrigation
- Physical Therapy
- Trade & Suppliers
- Oil & Fuel Delivery
- Pool Services & Installation
- Physician Practices Groups
- Hospitals & Healthcare Facilities
- Landscapers & Lawn Care
- Funeral Homes
- Nursing Home & Rehabilitation
- Gym Membership & Athletic Programs
- HVAC Contractors