Frequently Asked Questions |
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Are you a new buyer, or simply need some additional information about the debt-buying industry? Below are some Frequently Asked Questions (FAQs) that may help you along your way. |
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How do I sell my charged-off consumer receivables to Precision Recovery Analytics?
It’s simple! Just call Mike Colby at (512) 347-1492, toll-free (800) 570-5007, or email info@precisionrai.com to discuss your requirements in more detail. What type of charged-off consumer receivables does Precision Recovery Analytics acquire and sell? Precision Recovery Analytics is an industry leader in the acquisition, resell and collection of bank and credit cards, auto deficiencies and other consumer debt. How can I insure the integrity, e.g., the collectibility of the debt I purchase? A debt buyer should always ask the seller how they scrub their debt. Scrubbing is the process of removing bankruptcies and deceased debtors from a sales portfolio (also know as a pool). Precision Recovery Analytics utilizes the latest technology to insure the highest data integrity when you buy our debt. At Precision Recovery Analytics, we offer the additional protection of a buy-back provision in our Loan Sale Agreement for bankrupt, fraud, previously settled and deceased accounts. This provides our buyer a recourse channel in the event that any accounts purchased were affected by one of the aforementioned events since the date of the last scrub. What type of supporting documentation will I need to collect debt? Occasionally, you may require supporting documentation in order to collect debt. Precision Recovery Analytics has an experienced media department that are here to assist you with your documentation requests. What information is included in my sells package that I purchase from Precision Recovery Analytics?
Where can I learn more about the debt industry?
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