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FAQ

In this section we have collected answers to the most frequently asked questions about registration on the site, platform operation, what types of debts are sold at debexpert.com

General

What should I do if I am facing repossession from a BHPH dealership?

If you are facing repossession from a BHPH dealership, the first step is to communicate proactively with the dealer. Explain your situation and see if they are willing to work out an alternative arrangement or temporary accommodation. If repossession seems inevitable, familiarize yourself with your rights under state and federal law, and consider seeking legal advice if you believe your rights have been violated. If your financial situation improves, explore refinancing options to potentially secure better terms and lower interest rates.

What should I consider before financing a car through a BHPH dealership?

Before financing a car through a BHPH dealership, carefully review the credit contract, paying close attention to the interest rate, repayment schedule, and any fees or penalties associated with late payments or default. Be prepared for higher prices and interest rates compared to traditional financing options. If possible, consider alternative financing options, such as saving for a larger down payment or improving your credit score to qualify for better terms.

What laws and regulations govern BHPH dealerships?

BHPH dealerships are subject to several laws and regulations, including the Truth in Lending Act (TILA), which requires clear disclosure of financing terms; Regulation Z, which implements TILA and sets specific requirements for BHPH dealerships; and the Tax Reform Act of 1986, which prohibits direct financing by BHPH dealerships and requires the establishment of separate Related Finance Companies (RFC) for lending.

How do BHPH repossessions differ from traditional car repossessions?

BHPH repossessions can often be more swift and aggressive compared to traditional car repossessions. BHPH dealerships may have the right to repossess a vehicle on the same day a payment is missed, as outlined in their contract provisions. Additionally, BHPH dealerships may be more likely to pursue deficiency balances after repossession and resale of the vehicle.

What is a Buy Here Pay Here (BHPH) car dealership?

Buy Here Pay Here (BHPH) car dealership is a type of dealership that offers in-house financing to individuals with poor or no credit history. These dealerships act as both the car seller and the lender, providing a financing option for those who may not qualify for traditional auto loans.

Can I finance used equipment?

Yes, many lenders offer financing options for both new and used equipment. The terms and interest rates might vary depending on the condition and age of the equipment.

What is the difference between a loan and a lease in Equipment Finance?

Loan: The business owns the equipment after the loan is repaid. Lease: The lender owns the equipment, and the business uses it for a specified period. At the end of the lease, the business can return the equipment, purchase it, or renew the lease.

What are the eligibility criteria for Equipment Finance?

Eligibility criteria can vary by lender but generally include: Good credit history Established business operations Sufficient revenue Detailed business plan

What are the benefits of Equipment Finance?

Conserve cash flow: No need to pay the full cost upfront. Upgrade equipment: Easily update to the latest technology. Tax advantages: Possible tax deductions on lease payments. Fixed payments: Predictable monthly payments help with budgeting.

What types of equipment can be financed?

Most types of business-related equipment can be financed, including: Heavy machinery Medical equipment Office furniture Computers and IT equipment Vehicles and trucks Agricultural equipment

How does Equipment Finance work?

Equipment finance typically involves a lender providing funds to a business to purchase equipment. The business then repays the loan over a set period, usually with interest. In leasing, the lender owns the equipment and leases it to the business for a specific term.

What is Equipment Finance?

Equipment finance is a type of loan or lease used to purchase business-related equipment. This financing helps businesses acquire necessary machinery, vehicles, or technology without having to pay the full cost upfront.

What is the role of U.S Marshals in Execution?

The U.S Marshals play an important part in enforcing judgments by carrying out court orders which may include seizing assets or property.

How can I enforce a Judgment Debt?

Enforcing a Judgment Debt often involves several methods such as wage garnishment, bank account levies or seizing personal property – all aimed at compelling debtors to pay what they owe.

What are bank garnishment limitations?

Bank garnishment limitations vary by state but generally involve restrictions on how much money can be taken from a person's account at one time.

Can all debtor assets be targeted for judgment collection?

No. Certain assets are considered exempt under state law which means they cannot be used to satisfy a debt. These typically include items such as homestead property, retirement accounts, and certain personal property.

What are some effective strategies for successful judgment collection?

Effective strategies may include identifying non-exempt assets of the debtor, using wage garnishments or bank levies, renewing judgments when necessary, and retaining a professional collection agency or attorney when needed.

Does paying off a judgment improve my credit score?

Paying off a judgment will not erase it from your credit report immediately but it will show as paid which may positively affect future lending decisions.

Can I negotiate payment terms for my judgment debt?

Yes, you can often negotiate payment terms with your creditor. However, it's advised to seek legal counsel before entering into any agreement.

How long does a judgment stay on my credit report?

In most cases, a judgment stays on your credit report for seven years from the date it was filed.

Can a judgment be removed from my credit report?

A judgment can only be removed from your credit report if it is vacated or dismissed by the court or has expired based on time limits set by law.

What happens if I don't pay my judgment debt?

If you fail to pay your judgment debt, your creditor may take enforcement action against you. This could include garnishing your wages, seizing your assets or placing a lien on your property.

Why would I sell my judgment?

There could be several reasons why you might want to sell your judgment. These can range from needing immediate cash or not having the resources or time to collect on the judgement yourself.

What are some potential buyers of court judgments?

Potential buyers typically include collection agencies, debt buyers or investors who specialize in purchasing debts at a fraction of their face value.

How does selling my judgment work?

Selling your judgment involves transferring your rights as a creditor to another party (the buyer). The buyer then pursues the debtor for payment instead of you.

What is the judgement marketplace?

The judgement marketplace refers to an environment where court judgements are bought and sold. It involves various players including individuals, companies specializing in judgement purchasing, and law firms.

Are there different rules for monetary judgments at state and federal levels?

Yes, rules governing monetary judgments vary across states and between state and federal courts. It's vital to consult with legal professionals well-versed in applicable laws and sound in judgment.

What happens during the collection process in monetary judgments?

The judgment collection process involves steps taken by the creditor (or their representatives) to recover the debt as ordered by the court. This may include judgment-induced wage garnishments, bank levies, or property seizures.

How does a monetary judgment affect my property?

A monetary judgment can lead to liens being placed on your real estate properties or seizure of personal properties like vehicles or bank accounts, depending on state laws.

What is a monetary judgment?

How do I start investing in mortgage notes?

Typically, you would start by researching and taking note of available options from banks or brokers dealing with such investments. You'll also need legal counsel to ensure all transactions comply with relevant regulations.

What risks are associated with investing in mortgage notes?

Risks include default by the borrower, sudden depreciation in property value, or an unexpected note of concern. However, risk management strategies can mitigate these concerns.

What are the key benefits of buying mortgage notes?

Buying mortgage notes can provide regular income streams and potentially high returns. They also offer a noteworthy level of control over your investment that traditional real estate does not.

Are there alternatives to selling a financed car?

Yes, alternatives include paying off the loan before selling, transferring the loan to the buyer, or refinancing the loan to improve the selling prospects. Explore these options based on your specific circumstances.

How can I confirm that my loan balance is paid in full?

Check your credit reports with the three major credit bureaus to verify that the loan balance reflects a zero balance. If there are discrepancies, dispute the error with the relevant credit reporting agency.

What should I do if I have negative equity in my car?

If you have negative equity, you may need to pay off the remaining loan balance out of pocket or consider rolling it into a new loan. Proceed with caution and carefully evaluate the long-term financial implications.

How do I communicate with my lender when selling a financed car?

Contact your lender to inform them of your intention to sell and discuss the necessary steps. Each lender may have specific requirements, such as bringing the buyer to a local branch to pay off the loan balance.

What is vehicle equity?

Vehicle equity refers to the difference between the current market value of your car and the amount you owe on the loan. Positive equity means the car's value exceeds the loan balance, while negative equity indicates the opposite.

What is the loan payoff amount?

The loan payoff amount is the remaining balance on your auto loan, including any accrued interest and applicable fees. You can obtain this information by contacting your lender.

Can I sell a car that I still owe money on?

Yes, it is possible to sell a car that you still owe money on. However, you will need to pay off the loan before transferring the title to the new owner.

Are second lien loans secured?

Yes, second lien loans are secured by a company's assets, but are subordinate to first lien loans.

What does it mean to be a second lien holder?

Being a second lien holder means that you have a claim on a company's assets that comes after the first lien holder in the event of default or bankruptcy.

When is second lien financing used?

Second lien financing is used when a company needs additional capital but has already used its first lien debt capacity.

How to sell a loan effectively?

To sell a loan effectively, you should prepare your loan for sale, determine whether a full or partial sale is best, choose a buyer who is a good fit, obtain a quote, prepare the property for evaluation, and close the sale. Working with a reputable loan-selling platform like Debexpert can also help facilitate the process and provide guidance.

Is it common for lenders to sell loans?

Yes, it is common for lenders to sell loans, especially in the mortgage industry. Lenders can sell loans to other financial institutions in order to free up capital and reduce risk. Selling loans allows lenders to generate additional revenue, manage cash flow, and mitigate risk associated with defaults. In fact, many lenders have entire departments dedicated to loan sales. However, not all loans are sold, and some lenders choose to hold on to their loans for the entire term. The decision to sell loans depends on a number of factors, including the lender's financial goals, the type of loan, and the current market conditions.

What happens if you don't pay a promissory note?

Failure to make payments on a promissory note may result in legal action being taken against you, such as a lawsuit or a garnishment of earnings or property. Your credit rating may take a hit if you default on a promissory note.

Does a promissory note mean you got the loan?

Certainly not! One can legally pledge to pay someone a certain amount of money at a certain time by drafting a promissory note. It is most commonly associated with financial loan transactions, but it has a wide range of potential applications. The promissory note's legal significance in establishing the loan's approval is contingent on the conditions of the loan arrangement.

Who holds a mortgage note?

The mortgage note is the legal document that proves ownership of the mortgage loan to the lender or investor. A mortgage-backed securities investor is one potential buyer of a note that has been sold by the original lender. Payments due from the borrower are to be made to the note holder, who may also opt to sell or transfer the note to another person. The capacity to collect mortgage payments or foreclose in the case of default is dependent on the lender's ability to track down the note's current holder.

What else is a mortgage note called?

Promissory note, real estate lien note, and deed of trust note are all terms that can be used to refer to a mortgage note. Both of these names relate to the same thing: a legally binding agreement outlining the terms and conditions of a mortgage loan. Mortgage notes can have different terms based on the lender, the borrower's credit, and the mortgage agreement. Borrowers and investors in the mortgage note market would do well to familiarize themselves with these various terminologies.

Can I purchase my own debt?

No. Individuals cannot purchase their own debt.

Can I buy someone else's credit card debt?

Yes. If the debt holder is willing to sell the credit card debt, you can buy their credit card debt, following due diligence.

Can I buy credit card debt?

The answer is yes if you're a debt-buying company or private entity holding a license to buy debt. With the due licensing and budget to pay off the debt amount, you can buy credit card debt and get returns on it.

How Do I Sell My Notes On My House?

What Is a Note Deal In Real Estate?

Who Buys Promissory Notes?

A promissory note is an agreement between two or more parties where the borrower party promises to pay a sum to the lender party on certain terms and conditions as agreed upon. The note on which the agreement is made is called a promissory note. When the lender party decides to sell the note, it can be bought by any private firms or institutions dealing with debt buying. Typically, such entities hold licenses to buy and sell debt in the debt investment market.

What Is a Real Estate Note Buyer?

What other options do I have?

Many businesses try to negotiate settlements with their MCA lender, but it only leads to higher fees and interest rates. If your credit history is not spoiled, you can apply for a debt consolidation term loan and use the proceeds to pay off your merchant cash advance loan. If this is not an option, you can file for bankruptcy, but this means putting an end to your business. The fastest and most convenient option is selling your merchant cash advance debt on Debexpert.

How long does it take to get rid of MCA debt?

It may take many months or even a year or more to bring about a final resolution with your MCA lender, but Debexpert offers a faster solution. On our loan marketplace, you can sell your merchant cash advance within a few days.

What should I do if I have a portfolio question?

There’re 2 ways to get answer to your questions on the debt portfolio: 1. Chat with the debt seller on the auction.debexpert.com 2. Contact the account manager +1(302)313 2285

Where can I see the portfolios that are on sale now?

Please visit this website page https://www.debexpert.com/auctions to see all debt portfolios that are on the sale now‍

Which browser is better to use?

The debexpert platform works on all browsers, but is best compatible with Chrome‍

What if I cannot access the email address I used to register?

Please contact us at +1 (302) 703-9387 (call is free) for assistance.‍

What is my username?

Your username is the email address provided to establish your debexpert.com account.‍

What if I cannot remember my password?

Please click here to reset your password.

Can I sell performing debt?

Yes, you can. Please contact our Lender Relationship Director to sell performing debt at the highest possible price +1(302) 313-6043‍

When is the best time to sell a debt portfolio?

It's best to sell on a regular basis, then you'll get the highest possible price. Lenders usually start selling when they have exhausted all internal collection efforts‍

What kind of buyers are represented on the debexpert platform?

Debexpert has the largest network of debt buyers. All of them are professional licensed investors in debt portfolios

Why do lenders and financial institutions prefer to sell their debt on debexpert?

Debexpert has the largest network of debt buyers which gives you the highest possible price on your debt portfolio. Also our account manager will guide you through the whole debt selling process. Debexpert mobile app will let you the opportunity to track the debt selling process anywhere. Moreover, membership for debt seller on debexpert.com free of charge‍

How to close a deal and transfer funds?

After accepting a bid, the debt seller needs to sign a Purchase Sale Agreement. And after that the debt buyer transfers the money directly to the bank account of the debt seller. And the final step is transferring the original documents of loan contracts through an end-to-end encrypted debexpert platform.‍

How much does it cost to be a member for a debt seller on a debexpert platform?

Membership for debt sellers on debexpert.com free of charge.‍

How long will it take to sell the portfolio?

The sale can take anywhere from an hour. On average, the sale process takes 5 days from submission of documents to closing.‍

What do I need to prepare to sell my debt portfolio?

To prepare a portfolio for sale, you must create a masked file. Once the masked file is ready, you need to think about a sales strategy, which our account manager will help you decide.The next step is to check the availability of original documents of loan contracts.Then, you need to prepare for the Purchase Sales Agreement. The last step is the preparation of the Seller's Questionnaire, in which the seller describes the main parameters of the portfolio to be sold.‍

How does a seller register on the debexpert platform?

Here’s few steps to register on the debexpert.com:1.Schedule a meeting https://www.debexpert.com/register-buyer with our Lender Relationship Director 2.Sign NDA3.Create account on auction.debexpert.com4.Transfer your masked file through auction.debexpert.com ‍

Can a Debt Buyer sell his portfolio on the debexpert platform?

Yes‍

Why do debt buyers prefer debexpert to other ways of buying debt?

There’re few advantages of using debexpert platform: 1.Large variety of debt portfolios from the originator2.Our account manager will guide you through the whole debt selling and buying process 3.Debexpert mobile app will let you the opportunity to track the debt selling process anywhere.4.We don’t charge you for the membership.‍

How does a debt portfolio purchase happen?

After accepting a bid, the debt seller and debt buyer need to sign a Purchase Sale Agreement. And after that the debt buyer transfers the money directly to the bank account of the debt seller. And the final step is transferring the original documents of loan contracts through an end-to-end encrypted debexpert platform.‍

What debt is most often traded on the platform?

What information on the debt portfolio is provided on the debexpert platform?

All debt portfolios on the platform have masked file, sample Media and seller’s questionnaire

How much is a debexpert membership for debt buyers?

Membership for debt buyers on debexpert.com free of charge.‍

What documents are needed to become a professional buyer on debexpert?

There’s few documents to get access to debexpert platform:1. Insurance coverages2. List of licenses‍

How long does the registration process take on the debexpert platform?

The registration process takes around 10 minutes on the debexpert platform.

How do I register on the platform as a debt buyer?

Here’s few steps to register on the debexpert.com:1. Fill this form https://www.debexpert.com/register-buyer2.Create account on the auction.debexpert.com3. Fill out the buyer's questionnaire4. Sign NDA‍

Do Banks Buy Promissory Notes?

Certain financial institutions, including banks, accept promissory notes from its seller. However, the due diligence process may become longer. This is also called cashing your promissory note, where the bank gives cash at a discounted price of the note.‍

Can Promissory Notes Be Sold To Another Party?

Yes. The promissory note can be sold to another party. However, the trade must take place before the note expires.‍

What Does It Mean To Sell A Promissory Note?

A promissory note is a legal document that contains a written promise to pay a certain sum of money to a specific person or entity at a specific date or on demand. When someone sells a promissory note, they are transferring the right to receive payment outlined in the note to another party in exchange for a lump sum of cash. The new owner of the promissory note is now entitled to receive the payments outlined in the note and has the right to take legal action if the payments are not made as promised.‍

How Long Does The Whole Procedure For Buying And Selling A Real Estate Note Take?

In reality, it usually takes between 30 and 60 days for a real estate transaction to conclude, with an average of 47 days. Every county, state, and the lender has its own processes and deadlines. Using Debexpert platform this process takes 5-6 days.‍

What Happens If A Borrower Defaults?

When you don't make your loan payments, your account is sent to a collection agency, which makes an effort to get your unpaid balance back. Any payment default may lower your credit score, make it more difficult for you to borrow money in the future, incur fees, and may even result in the seizure of your personal belongings.‍

What Are The Risks Of Buying Real Estate Notes?

Investing in real estate notes is not without danger. These dangers include the potential for the homeowner to stop making loan payments, which could result in financial loss for the investor in the note. The investor can suffer financial loss if the property is put up for auction and sells for less than they paid for the note.‍

Is Note Investing Profitable?

Yes, buying notes can be highly beneficial. To achieve consistent profits, though, you must do your research and comprehend any associated dangers, just as with any other type of investing. There is work required even if you don't have to devote time and effort to keep up a property.‍

What Does It Mean To Buy A Judgment?

Judgment purchasers have the option to purchase judgments, recover the debt, and do it without the assistance of the original judgment creditor. Expert judgment purchasers purchase judgment for 1% to 3% of the value of debts that seem challenging to collect. This could occur as a result of the debtor not having a clear method of paying back the debt.‍

What Are The Benefits Of Selling Your Judgments?

By selling your judgments, you're able to get the following benefits: you'll save time, energy and your money. You'll avoid all the stress, stay focused on your business, simply move forward.‍

What Is A Judgment Debt?

A court case's official verdict is known as a judgment.‍

Can I Legally Sell My Judgment?

The answer is yes. Similar to selling other personal property, any court judgment may be sold.‍

How Can We Protect Customer Privacy?

Customer Privacy is protected by end-end encrypted platform technology, providing access to pre-vetted professional investors that sign NDA before joining the platform. All the data that is published on the platform is masked.‍

What Customer Information Must Be Protected?

All personal identifiable information (PII) shall be masked before the portfolio is published. PII information includes Full Name, SSN, Driver’s license number, DOB, Account Number, Patient Identification Number, Address, Email, Number.‍

How Do You Secure Your Customers' Data?

Debexpert uses end-to-end encryption to secure customer’s data. End-to-end encryption is a file that is encrypted with keys that are stored on the seller's and buyer's side. No one else except the debt buyer and debt seller of a particular debt portfolio can open the file.‍

What is the Best Way to Sell My Company's Medical Debt?

If you cannot find the buyer yourself (which is typically a very long and challenging task), register on Debexpert – it provides a faster and easier way to sell debt. The whole process of debt portfolio preparation and checking will take a few days, and you will be able to compare bids and buyers’ profiles.‍

Who Can Buy Medical Debt?

Professional investors, collection agencies, law firms and funds.‍

What Happens When Debt Is Bought?

Once your debt has been sold to a delinquent debt purchaser, you owe them the money, not the original creditor. The debt purchaser must follow the same rules as your original creditor when they collect the debt, and you keep all the same legal rights.‍

Who Are the Largest Debt Buyers?

Encore Capital Group and its subsidiaries form the largest debt buyer and debt collector in the United States.‍

FAQs of Debt Buyers

Can You Buy Debts?

Yes, but you will need to get the appropriate state license for this activity.‍

Is Debt Buying Profitable?

Yes! Debt buyers make money by acquiring unpaid debts cheaply and then trying to collect from the debtors. Even if the new debt buyer collects only a fraction of the amount owed on a bad debt they buy — say, two or three times what it paid for the debt — they still make a significant profit.‍

How Do You Make Money Buying Debt?

Usually non-performing debt is sold with a significant discount to face value. A buyer of a debt expects to get more than what was paid for it. Recovery is made through employing a 3rd party collection agency or an attorney.‍

Can You Buy People's Debt?

Buying and selling debt is allowed in all states, despite some states requiring licensing for buying debt.‍

Can You Sell Your Debt?

Debt can be sold by the originator of debt or the title holder. A borrower can not transfer or sell his debt.‍

How Long Does the Purchase Process Take?

The buying process takes several days, during which buyers analyze the portfolio, decide on the price of the debt portfolio, and make offers to the seller.‍

Auto Loan Portfolio Sale Example

Auto Loan Portfolio Sale can be performing, charged-offs, or auto deficiencies. Examples can be found on our website https://www.debexpert.com/debt-for-sale

What Are the Benefits of Selling Your Auto Notes?

Selling Your Auto Notes benefits lenders because it helps get money back into the company to issue new loans.‍

Why Are Buy Here Pay Here Loans Sold?

Buy Here Pay Here Loans are sold to securitize existing debt portfolios, make cash injections to originate new loans, improve business ratios or optimize operational processes. Reasons may differ for each lender but can be resolved by selling a debt portfolio.‍

What Is an Auto Loan Portfolio Sale?

An Auto Loan Portfolio Sale transfers the title to a debt buyer for auto loan accounts. Auto Loan Portfolio Sale can be either performing or charged-off accounts sale.‍

How Can I Sell Debt?

The best way to sell debt is through a debt auctioning platform.‍

Can You Purchase Someone's Debt?

All kinds of debt can be purchased.‍

How Do I Start a Debt Buying Business?

To start a debt buying business you need to establish a legal entity, get a license, insurance coverages and set up internal procedures to manage personal data. If you want to open a new debt buying business, please contact our managers for assistance.‍

Can You Buy and Sell Debt?

Buying and selling debt is allowed in all states, despite some states requiring licensing for buying debt.‍

What are the Tactics to Collect Debt?

Buying and selling debt is allowed in all states, despite some states requiring licensing for buying debt.‍

What are the 3 Key Strategies When It Comes to Collections?

There are 3 key strategies: 1. Internal Collection 2. 3rd party collection3. Debt Selling‍

What is the Most Effective Way to Collect Debt?

The most effective way to collect debt is internal collection. As originators of debt have close relationships with borrowers therefore the expected response and collection rate shall be higher comparing 3rd party collection agencies. This strategy has the highest efficiency in the first 90 days of delinquency. After that originators shall consider selling uncollected accounts as this strategy proved to be the most efficient after 90 days.‍

Which Financial Metric Shall be Considered When Buying Real Estate Note?

We recommend considering Note Yield as the most complete metric for a note investment.‍

What Is the Yield on a Note?

Note Yield is an analysis of the return on a note investment measured in percentage.‍

How Do You Calculate Note Yield When Buying Real Estate Notes?

How to Sell an Installment Loan Portfolio?

Installment Loans sale process is similar to Payday loans. To prepare for the sale, the originator needs to prepare a masked file, PSA and media samples. English auction should be used to collect offers.‍

How to Sell Payday Loans?

Payday loan portfolios are the most demanded inventory on the market. Before selling a payday loan portfolio borrowers documentation shall be prepared, purchase sale agreement drafted and account’s balances gathered in a masked file. It is better to conduct the sales process through the English auction.‍

How to Sell My Auto Notes?

Information about accounts for sale needs to be downloaded from the accounting system. Information about VIN numbers, car type and model needs to be added to the data tape. If you’re planning to sell charged-off accounts we recommend you consider English auction, in case of selling performing accounts Sealed bid auction is the best decision.‍

How to Sell a Credit Card Portfolio?

Before selling a credit card portfolio you need to prepare a masking file as well as prepare a Purchase Sale Agreement. To maximize proceeds we recommend to use English auction that allows to create bidding war between debt buyers.‍

What Type of Buyers Is Best For My Portfolio?

Usually buyers that specialize in a particular type of debt are the best as they offer the most competitive pricing and reduce the number of mistakes when collecting on debt.‍

What Should I Do With Charged-Off Accounts?

Charged-off accounts can be transferred to a third party collection agency or sold to a debt buyer. The sale of accounts allows lenders to free up cash and not wait for months or years to collect on debt.‍

Can I Sell My Debt Portfolio?

Yes, originators of debt or title holders of judgements can sell their debt portfolios.‍

Who buys debt?

Usually debt is bought by investors that specialize in buying debt portfolios. Law offices, family offices or collection agencies might be buying debt portfolios as well.‍

What Does it Mean to Buy and Sell Debt?

It is the process of transferring ownership over a debt portfolio.‍

How do Debt Buyers Make Money?

Debt buyers collect the debt purchased from a lender—those borrowers who pay and will make up the income of the debt purchaser.‍

Can I Sell my Personal Debt?

Debexpert does not sell personal debt. It deals only with lenders and other financial institutions.‍

Why do Companies Sell Debt?

Often companies sell debt to gain an influx of cash and improve the business bottom line. Also, companies that sell debt improve their recoveries drastically. Also, companies can use debt sales to reduce their legal risks.‍

What Happens When You Sell Debt?

When the debt is sold, the right to claim the debt is transferred to the buyer. At the same time, further interest accrual is impossible if charge-off accounts are sold. When selling performing accounts, the interest payment arrangement goes to a new owner. The debtor will be notified of the debt transfer by receiving a notification letter, and on the credit report, the owner or debt will be indicated.‍

Where to Find a Debt Broker?

There're a lot of debt brokers on the market. We recommend to use debt broker with the reputation, adhering to the best industry practices and protecting data using end-to-end encryption.‍

Can I Buy a Debt Portfolio Through a Debt Broker?

To buy a debt portfolio using debt broker service, a debt buyer needs to qualify compliance requirements.‍

Why Is It Important for Debt Buyers to Work with a Debt Broker?

Debt broker has a network of lenders and financial institutions thus they are able to find a debt portfolio for sale that can be interesting to a debt buyer.‍

Why Is It Important for Lenders to Work With a Debt Broker?

Debt broker has nationwide base of debt buyers thus it can provide a variety of the most appropriate debt buyes who specialize in particular debt type. This kind of debt buyer can offer the highest possible price.‍

What Does a Debt Broker Do?

Debt broker is a professional middle man who helps connect lenders with the network of debt buyers, markets its portfolio and closes the deal.‍

What Does it Mean to Buy and Sell Debt?

It is the process of transferring ownership over a debt portfolio.‍

How do Debt Buyers Make Money?

Debt buyers collect the debt purchased from a lender—those borrowers who pay and will make up the income of the debt purchaser.‍

Can I Sell my Personal Debt?

Debexpert does not sell personal debt. It deals only with lenders and other financial institutions.‍

Why do Companies Sell Debt?

What Happens When You Sell Debt?

FAQs for Debt Sellers

What should I do if I am facing repossession from a BHPH dealership?

What should I consider before financing a car through a BHPH dealership?

What laws and regulations govern BHPH dealerships?

How do BHPH repossessions differ from traditional car repossessions?

What is a Buy Here Pay Here (BHPH) car dealership?

Can I finance used equipment?

Yes, many lenders offer financing options for both new and used equipment. The terms and interest rates might vary depending on the condition and age of the equipment.

What is the difference between a loan and a lease in Equipment Finance?

What are the eligibility criteria for Equipment Finance?

Eligibility criteria can vary by lender but generally include: Good credit history Established business operations Sufficient revenue Detailed business plan

What are the benefits of Equipment Finance?

What types of equipment can be financed?

Most types of business-related equipment can be financed, including: Heavy machinery Medical equipment Office furniture Computers and IT equipment Vehicles and trucks Agricultural equipment

How does Equipment Finance work?

What is Equipment Finance?

What is the role of U.S Marshals in Execution?

The U.S Marshals play an important part in enforcing judgments by carrying out court orders which may include seizing assets or property.

How can I enforce a Judgment Debt?

Enforcing a Judgment Debt often involves several methods such as wage garnishment, bank account levies or seizing personal property – all aimed at compelling debtors to pay what they owe.

What are bank garnishment limitations?

Bank garnishment limitations vary by state but generally involve restrictions on how much money can be taken from a person's account at one time.

Can all debtor assets be targeted for judgment collection?

What are some effective strategies for successful judgment collection?

Does paying off a judgment improve my credit score?

Paying off a judgment will not erase it from your credit report immediately but it will show as paid which may positively affect future lending decisions.

Can I negotiate payment terms for my judgment debt?

Yes, you can often negotiate payment terms with your creditor. However, it's advised to seek legal counsel before entering into any agreement.

How long does a judgment stay on my credit report?

In most cases, a judgment stays on your credit report for seven years from the date it was filed.

Can a judgment be removed from my credit report?

A judgment can only be removed from your credit report if it is vacated or dismissed by the court or has expired based on time limits set by law.

What happens if I don't pay my judgment debt?

If you fail to pay your judgment debt, your creditor may take enforcement action against you. This could include garnishing your wages, seizing your assets or placing a lien on your property.

Why would I sell my judgment?

There could be several reasons why you might want to sell your judgment. These can range from needing immediate cash or not having the resources or time to collect on the judgement yourself.

What are some potential buyers of court judgments?

Potential buyers typically include collection agencies, debt buyers or investors who specialize in purchasing debts at a fraction of their face value.

How does selling my judgment work?

Selling your judgment involves transferring your rights as a creditor to another party (the buyer). The buyer then pursues the debtor for payment instead of you.

What is the judgement marketplace?

Are there different rules for monetary judgments at state and federal levels?

Yes, rules governing monetary judgments vary across states and between state and federal courts. It's vital to consult with legal professionals well-versed in applicable laws and sound in judgment.

What happens during the collection process in monetary judgments?

How does a monetary judgment affect my property?

A monetary judgment can lead to liens being placed on your real estate properties or seizure of personal properties like vehicles or bank accounts, depending on state laws.

What is a monetary judgment?

How do I start investing in mortgage notes?

What risks are associated with investing in mortgage notes?

Risks include default by the borrower, sudden depreciation in property value, or an unexpected note of concern. However, risk management strategies can mitigate these concerns.

What are the key benefits of buying mortgage notes?

Buying mortgage notes can provide regular income streams and potentially high returns. They also offer a noteworthy level of control over your investment that traditional real estate does not.

Are there alternatives to selling a financed car?

How can I confirm that my loan balance is paid in full?

What should I do if I have negative equity in my car?

How do I communicate with my lender when selling a financed car?

What is vehicle equity?

What is the loan payoff amount?

The loan payoff amount is the remaining balance on your auto loan, including any accrued interest and applicable fees. You can obtain this information by contacting your lender.

Can I sell a car that I still owe money on?

Yes, it is possible to sell a car that you still owe money on. However, you will need to pay off the loan before transferring the title to the new owner.

Are second lien loans secured?

Yes, second lien loans are secured by a company's assets, but are subordinate to first lien loans.

What does it mean to be a second lien holder?

Being a second lien holder means that you have a claim on a company's assets that comes after the first lien holder in the event of default or bankruptcy.

When is second lien financing used?

Second lien financing is used when a company needs additional capital but has already used its first lien debt capacity.

How to sell a loan effectively?

Is it common for lenders to sell loans?

What happens if you don't pay a promissory note?

Does a promissory note mean you got the loan?

Who holds a mortgage note?

What else is a mortgage note called?

Can I purchase my own debt?

No. Individuals cannot purchase their own debt.

Can I buy someone else's credit card debt?

Yes. If the debt holder is willing to sell the credit card debt, you can buy their credit card debt, following due diligence.

Can I buy credit card debt?

How Do I Sell My Notes On My House?

What Is a Note Deal In Real Estate?

Who Buys Promissory Notes?

What Is a Real Estate Note Buyer?

What other options do I have?

How long does it take to get rid of MCA debt?

What should I do if I have a portfolio question?

There’re 2 ways to get answer to your questions on the debt portfolio: 1. Chat with the debt seller on the auction.debexpert.com 2. Contact the account manager +1(302)313 2285

Where can I see the portfolios that are on sale now?

Please visit this website page https://www.debexpert.com/auctions to see all debt portfolios that are on the sale now‍

Which browser is better to use?

The debexpert platform works on all browsers, but is best compatible with Chrome‍

What if I cannot access the email address I used to register?

Please contact us at +1 (302) 703-9387 (call is free) for assistance.‍

What is my username?

Your username is the email address provided to establish your debexpert.com account.‍

What if I cannot remember my password?

Please click here to reset your password.

Can I sell performing debt?

Yes, you can. Please contact our Lender Relationship Director to sell performing debt at the highest possible price +1(302) 313-6043‍

When is the best time to sell a debt portfolio?

It's best to sell on a regular basis, then you'll get the highest possible price. Lenders usually start selling when they have exhausted all internal collection efforts‍

What kind of buyers are represented on the debexpert platform?

Debexpert has the largest network of debt buyers. All of them are professional licensed investors in debt portfolios

Why do lenders and financial institutions prefer to sell their debt on debexpert?

How to close a deal and transfer funds?

How much does it cost to be a member for a debt seller on a debexpert platform?

Membership for debt sellers on debexpert.com free of charge.‍

How long will it take to sell the portfolio?

The sale can take anywhere from an hour. On average, the sale process takes 5 days from submission of documents to closing.‍

What do I need to prepare to sell my debt portfolio?

How does a seller register on the debexpert platform?

Can a Debt Buyer sell his portfolio on the debexpert platform?

Yes‍

Why do debt buyers prefer debexpert to other ways of buying debt?

How does a debt portfolio purchase happen?

What debt is most often traded on the platform?

What information on the debt portfolio is provided on the debexpert platform?

All debt portfolios on the platform have masked file, sample Media and seller’s questionnaire

How much is a debexpert membership for debt buyers?

Membership for debt buyers on debexpert.com free of charge.‍

What documents are needed to become a professional buyer on debexpert?

There’s few documents to get access to debexpert platform:1. Insurance coverages2. List of licenses‍

How long does the registration process take on the debexpert platform?

The registration process takes around 10 minutes on the debexpert platform.

How do I register on the platform as a debt buyer?

Do Banks Buy Promissory Notes?

Can Promissory Notes Be Sold To Another Party?

Yes. The promissory note can be sold to another party. However, the trade must take place before the note expires.‍

What Does It Mean To Sell A Promissory Note?

How Long Does The Whole Procedure For Buying And Selling A Real Estate Note Take?

What Happens If A Borrower Defaults?

What Are The Risks Of Buying Real Estate Notes?

Is Note Investing Profitable?

What Does It Mean To Buy A Judgment?

What Are The Benefits Of Selling Your Judgments?

By selling your judgments, you're able to get the following benefits: you'll save time, energy and your money. You'll avoid all the stress, stay focused on your business, simply move forward.‍

What Is A Judgment Debt?

A court case's official verdict is known as a judgment.‍

Can I Legally Sell My Judgment?

The answer is yes. Similar to selling other personal property, any court judgment may be sold.‍

How Can We Protect Customer Privacy?

What Customer Information Must Be Protected?

How Do You Secure Your Customers' Data?

What is the Best Way to Sell My Company's Medical Debt?

Who Can Buy Medical Debt?

Professional investors, collection agencies, law firms and funds.‍

What Happens When Debt Is Bought?

Who Are the Largest Debt Buyers?

Encore Capital Group and its subsidiaries form the largest debt buyer and debt collector in the United States.‍