Questions about selling your bad loans, distressed debt and non-preforming mortgages.

The Bankers Assistance Program
We believe: You should be originating new loans, not servicing bad ones.
3361C E Tremont Avenue, Bronx, NY 10461 • Phone:(212) 561-5937 • Fax:(718) 989-0850 • info@bankersassistanceprogram.com
Frequently Asked Bankers Assistance Program Questions *What is the process to Sell my portfolio?* Just fill out our Portfolio Submission Form and upload your data file. We will review your submission and tender an offer usually within 24 business hours. *Is the Bankers Assistance Program a debt broker?* No, we are direct buyers of distressed consumer debt and non-performing mortgages. *Will the Bankers Assistance Program buy from debt brokers?* Absolutely. We will evaluate debt being sold by or through a broker or originator and bid according to the strength of the portfolio. *How do you price a portfolio?* We evaluate the data file based on past performance of like kind debt and our ability to collect and make profit. *How much information does my initial data file have to have?* The more, the better. At a minimum, we require the initial review data file to have: City, State, County, ZIP, Original Creditor, Account Balance, Last Payment Date, Charge Off Date, Delinquent Date, Date Account Opened, Number of Agencies Worked, and do the accounts have: Home Phone?, Work Phone?, Social Security Number? *How much information does my final data file have to have?* Again, the more, the better. At a minimum, we require the final data file to have: All of the data above from initial data file plus Full Name of Debtor, Account Number, Address, Home Phone, Work Phone, Social Security Number, Amount of Last Payment. Can you assist us in collecting our outstanding debt as a debt collector with a contingency fee? Absolutely. Submit your portfolio as you would if it were for sale and make a note in the Special Comments section of our form that the deal is contingency based. We will respond. Submit Your Portfolios For Immediate Review
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Frequently Asked Bankers Assistance Program Questions

Can you assist us in collecting our outstanding debt as a debt collector with a contingency fee? Absolutely. Submit your portfolio as you would if it were for sale and make a note in the Special Comments section of our form that the deal is contingency based. We will respond.

Can you assist us in collecting our outstanding debt as a debt collector with a contingency fee?
Absolutely. Submit your portfolio as you would if it were for sale and make a note in the Special Comments section of our form that the deal is contingency based. We will respond.