Blount Finance is one of the closed auctions presented on the Debexpert loan marketplace. It was conducted on September 8, 2022, with an opening price of $710 while the total amount of debt was estimated at $284,773.
Some key sales points of this debt portfolio worth mentioning include:
- Zero-agency. The absence of third-party intermediaries helps to streamline debt portfolio management.
- Reasonable fees. The auction fee for a portfolio purchase is $2,500 or 5% of the winning bid.
- Direct from Originator (DFO). It means that the lender itself originated a debt portfolio. DFOs are considered high-quality and valuable assets as they are backed by the reputation and financial stability of the original lending institution. As such, they tend to command higher interest rates and face less default risk than other types of debt portfolios.
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