Debt Buyers

Otterstrom Financial is actively seeking to purchase large pools of debt from issuers nationwide. Types of debt that we purchase include payday loans, installment loans, auto deficiencies, medical, fitness, credit card, mortgage notes, bail bonds, and more.

Debt Buyer Registration

Please sign up here in order to review our current list of available portfolios. Upon registration, we will e-mail a copy of our non-disclosure and call you at the phone number provided.

Things to get together:

An Excel sheet listing each debt. This should have information such as the persons name, address, phone number, email address, date of origin of the debt, date of last payment, date charged off, the balance at charge off and any other information that will be helpful in collecting the debt. The initial file we review can have redacted personal information such as the street address, last name, and SSN Masked, by simply putting a YES or NO in the columns where that information is available or not.
Paperwork or PDF files. These should include any contract, or admission form, any payments that were made, a last statement you sent to the person who owes you money. Many types of accounts, like auto deficiency, will require much more documentation to validate the debts. Initially one or two samples will be needed for us to review the files, You will have up to 30 days to assemble the rest once the deal closes.
Account history. What has been done to collect the accounts, from internal only collection attempts, to collection agency and/or collection attorneys.

This will help us get started so that we can make an offer.
Once you have these together and are ready to sell, please contact us.

Debt Buyers

Debt Buyer Registration

Things to get together:

INSURANCE

Loans

Credit Cards

Services

Company

Let Us Discuss Your Financial Needs

Enjoy a Free Consultation

Schedule Now