It's easy
Do you consider your business open to change?
1) Empowering Sellers
You decide what and when to sell to Laurel Wreath Acquisitions. We do not see ourselves as salespeople, we see ourselves as financial improvement specialists and above all else, problem solvers. For most lenders and creditors, the best time to sell is at charge-off (write-off), after an account has been worked in-house and the balance has been written down to zero. Some businesses realized the financial gains they could achieve by eliminating collections altogether. Other companies choose to sell all their charge-offs to us. Lastly, some determine the portfolio of assets they are interested in selling by asset class, age or balance.
3 things you should look for
The top 3 considerations when choosing to work with a receivables management company.
CONSUMER - How is the consumer being treated after the sale? Are they being treated in a fair and ethical manner?
COLLECTIONS PRACTICES - What does their past performance look like? Have they been sued for a FDCPA violation?
COMPLIANCE - Have they worked with bad actors in the industry? Is the company compliant with regulations? It is up to you to perform the right due diligence.
6 factors that increase portfolio price
A certain percentage of accounts will become uncollectable. How much are they worth?
Age and Statute of Limitations
Prior Collection Treatment
Legal Restrictions
Balance Range
Type of Debt
Credit Score of Consumer
We acquire portfolios of assets from credit originators, including but not limited to:
Credit Unions
Banks
Auto Finance Companies
Utility Companies
Leasing Companies
Private Investors
Small Businesses
Retail Lenders
Installment Lenders
Property Managers and Owners
Others
Asset classes:
Judgments (performing and non-performing)
Credit cards
Consumer loans
Retail installment contracts
Commercial loans with personal guarantees
Merchant cash advance with personal guarantees
Automobile deficiencies
Elective surgeries
Bad checking accounts (over-drafted accounts/DDA)
2) Streamlined Process
We have streamlined the selling process for you. We only ask for basic information on the portfolio of accounts you are selling, evaluate, make you an offer. It's that simple. We will show you how you can be financially better off by using our service. Laurel Wreath Acquisitions is here to lend a guiding hand on a one-off sale or forward-flow basis, where you regularly sell us non-performing assets at a pre-approved price. Agreements in forward-flow relationships are generally handled online and close even faster, with payment wired in as little as 24 hours.
3) Your Benefits
The key reason creditors sell non-performing accounts to Laurel Wreath Acquisitions is for an immediate cash infusion. Being able to unlock your dead accounts and convert them to cash creates an opportunity for your business. Other advantages include having staff focus on more important workloads. Also, by selling on a forward-flow basis you will be able to determine in advance what you will make based on your company's historical charge-off numbers.
Questions to Ask Yourself
During these uncertain times, one thing is certain: You will see a flood of defaults coming down the line.
Are you set up to collect on them?
What have been your results with collection agencies?
What have been your costs to retain legal representation?
What have those results been?
Your Problem is Bad Debt
On Accounts That Will Never Pay, Why Continue to...
85% of charge-offs will never be collected
80% of judgments will never pay
100% of Bad Debt Drains Resources & Kills Morale
Your Dilemma
On Accounts That Will Never Pay, Why Continue to...
Waste More Time?
Drain More Money?
Deplete More Resources?
Your Solution
Sell Your Debt
Laurel Wreath Acquisitions lets you get back to work by buying Judgements, Charge-offs and other bad debt.
Reap the Benefits of Partnering with Laurel Wreath Acquisitions
Instant Cash Infusion
Selling non-performing accounts is a reliable solution that generates immediate infusion for the creditor. Instead of trapping working capital in accounts receivable, selling accounts provides immediate funds for otherwise distressed or dormant assets. This can be helpful for companies with insufficient reserves and those experiencing a period of fast expansion. By converting accounts receivables into cash, sellers can fuel growth opportunities, enhance marketing strategies, strengthen infrastructure or cover costs of short term liabilities.
Mitigate Risks Associated with Debt Collection
Creditors that use collection agencies and law firms to collect their outstanding accounts are responsible for overseeing those vendors. Policies and Procedures are needed to optimize the use of third-party debt collection service providers and to protect against risks associated with the debt collection process. By selling accounts to a qualified investor, creditors can receive immediate cash flow and reduce the risks associated with debt collection.
Grow Customer Relationships
When an account falls into delinquency, the creditor entrusts debt collectors to recover monies owed. On the other hand, by selling distressed accounts, the original creditor is no longer responsible for collecting on unpaid funds nor accountable for contacting the customer. By separating the relationship between the creditor and the debt collection process. When the customer regains their financial wellbeing, creditors can benefit from the increased opportunity for future lending relationships with the same customer.
Calculable Cash Flow
In this unpredictable economy, Delinquent and charged-off accounts receivables are problematic to predict. The cash injection generated from these distressed accounts through the debt collection process is sporadic and difficult to anticipate with accuracy. By selling distressed accounts at a pre-defined time in their lifecycle, creditors are able to more accurately foresee the timing of the cash injection, in contrast otherwise unstable returns from collection agencies. This in turn enables the creditor to run their business more efficiently.