When the need arises to sell the debt, the creditor provides the Debt Trading Company with debt-related documents as follows:
- Closing the actual value of the debt (principal and interest), date of arising, maturity, overdue payment; cause of not recovering debt; operational status, name, address, contact telephone number of debtors; ... etc.
Buying and selling debt is an economic activity for exchanging and transferring assets, especially "receivable debts" from one entity to another. In essence, it is the transfer of "debt recovery right" from a "debtor's debt" to the debt holder to the debt purchaser so that the debt purchaser becomes the new creditor of the debtors. the guest debt.
If you have debts that have not been recovered for any reason ... Consider selling that debt to a legitimate debt trading company.
All debts are documented in detail, with the creditor's acknowledgment, the creditor can transfer to the debt trading company.
Global Debt Selling Company prioritizes the purchase of debentures certified by notary notices and court fines.
When you have delinquent debts, it is good to hire debt collection services from debt collection companies or sell them to debt consolidation companies. Before deciding which services are appropriate, creditors should keep the following issues in mind: