GETTING CASH FOR A DELIQUENT DEBT OWED TO YOU |
The collateral (security) must
be properly attached to the debt, meaning a home loan is secured by a
mortgage, Deed of Trust, or Land Contract to the property, for a vehicle
you would need the title to it, etc. Are unsecured debts sellable? Typically
not from individuals, but portfolios of unsecured debt get bought or sold,
such as medical receivables, credit card debt, etc. If your company is
saddled with delinquent debts, by all means talk
to us.
|