Bad Debt Purchases Florida
FLORIDA DEBT COLLECTION ATTORNEYS BUY BAD DEBT
The majority of companies that provide credit to consumers presume that the only other option for consumers who stop paying is to be sent to “bad debt collection”. That experience can be frivolous and frustrating because it can take a long time and maybe receive a fraction of the debt owed. Few businesses are successful in the collection of Bad Debt. There is an art, and a massive amount of legislation around how you, as a business owner, may collect on the accounts of those that owe you money. The deck seems stacked against those who loaned money for goods and services in good faith.
Marcadis Singer PA, however, tips those scales. We collect bad debt far more economically than most Florida businesses. Our advantages rest in a fully staffed and automated call center for pre-suit action. We have a massive investment in software, autodialers, and a host of services used to track down debtors and their assets wherever they may attempt to hide. Add to our technology the fact that we have multiple attorney’s dedicated to nothing but debt collection, who are in court virtually every day. Marcadis Singer, PA achieves economies of scale in debt collection that are rivaled by very few, if any in Florida.
Our economies of scale create another another option for businesses, outside of dead filing bad debt collection process. Bad debt can be sold for cash! This should be a last resort, as the collected debt’s value is very little and brings only cents on a dollar. Even small portfolios of bad debt may be viable for sale. While your return on this bad debt is very small.. it is more than the nothing you currently get.
If you have a cabinet full of bad debt, it is likely you can sell it for cash! If not for cash, then you can possibly donate the debt to non-profit organizations for huge tax breaks! For legal assistance in understanding the best way to get bad debts off your books, for your organization, contact Marcadis Singer PA.
PROFESSIONAL SOLUTIONS FOR SELLING BAD DEBT
Having years of experience in the industry, Marcadis Singer PA understands the needs of businesses that are encumbered with bad debt owed to them and this knowledge enables our ability to turn bad debt into immediate cash for businesses. Our law firm is run with customer satisfaction in mind and aims at helping the client succeed, traits most other companies sincerely lack.
SHIFT IN CREDIT & COLLECTIONS
There has been a paradigm shift in today’s market as more original lenders are considering or beginning to sell charged-off receivables to minimize losses. Most lenders would have simply charged off debt they couldn’t collect taking tax benefits associated with doing so. Today, not only can they recover several cents per dollar for the debt, but you can also take tax write offs and possibly cut down on own collection costs.
The selling of accounts has also been revamped. For example, experienced sellers who thought selling was exclusively for old archived accounts now benefit from selling charge-off accounts and use it as part of their stratagem.
SELL BAD DEBT – CREATE INSTANT CASH FLOW
The objective is to buy your bad debt portfolios and provide your company with a fast return. There is much to gain by selling charged-off accounts and acquiring immediate cash for reinvestment and positive impact on stock values.
BAD DEBT ACCOUNTS BECOME MARCADIS SINGER PA’S, AS DO THE HASSLES, WORK AND ASSOCIATED COSTS.
Your bad debt accounts will no longer be yours. All inquiries and complaints will be handled so you will not be bothered again.
SPECIFIC BENEFITS OF SELLING BAD DEBT TO MARCADIS SINGER PA
- Immediate cash for “uncollectible accounts”
- No Administrative hassles
- Time value of money
- Assurance of competent and experienced company