Once you have done it, selling your charged off loans becomes an addiction that you will want to do over and over again! Cherrywood Enterprises Presents Debt selling is something that has been done by thousands of banks, credit unions, auto lenders and commercial lenders over the years. The concept is simple: Take your charged-off loans from the last four years (you know, the accounts that don’t pay or respond to your calls anymore), put them in an Excel spreadsheet and get funds back into your bank within three to five business days. Sounds easy enough, right? Well, that’s up to you. What I can tell you is, the process works! I have been in the charged off debt sales space for over 18 years. I have seen almost every kind of file out there, and I’ve learned that every file is complex. The first question I Debt Selling 101 By Craig M. Geisler, CEO, Cherrywood Enterprises LLC Colorado Banker 20
RkJQdWJsaXNoZXIy MTg3NDExNQ==