VIEWS: 17 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 6/3/2010
"Bridging the Gap," beginning on page 22, describes the benefits of working with a broker and addresses the fact that staying competitive in today's asset buying environment can be difficult. Some buyers and sellers are finding it beneficial to work with brokerage firms specializing in portfolio analysis and matching sellers with the right buyers for their accounts. Brokers offer tools and resources for evaluating accounts that individual buyers may not have.ACA recognized these developments and, in the mid-1990s, the ACA Board of Directors created the Asset Buyers Program. In 2005, the Asset Buyers Program was expanded into a full-fledged membership division, the Asset Buyers Division, giving asset buyers representation on the ACA Board and making membership more accessible for asset buyers, sellers and brokers.
president’s page By Jay Gonsalves, IFCCE Buying and Selling ACA offers a number of resources for both current and future asset buyers W ith the economic bailout plan dominating the news, the average American has heard terms like “purchasing of distressed assets” enough times to become at least familiar with the process of selling, buying and This month’s Credit World article (page 32) covers the pros and cons of selling accounts, and the Campus ACA article (page 36) discusses asset buyer licensing requirements. Asset buying is a growing segment of the credit servicing non-performing assets—in this case, subprime and collection industry. Many traditional third-party home mortgages. agencies have begun buying accounts to supplement Coincidentally, this month’s Collector features several their contingency collection efforts. According to the articles about the purchase, sale and servicing of debt. 2008 ACA Agency Benchmarking Survey, 11 percent While these articles are geared toward a different or of U.S. collection agency members rank asset buying more diverse type of consumer as one of their top three markets. And many others, debt—such as credit cards, including mine, service these accounts for asset student loans and healthcare buyers. accounts—there are some ACA recognized these developments and, in the common themes, including mid-1990s, the ACA Board of Directors created the liquidity and the current effects Asset Buyers Program. In 2005, the Asset Buyers of the economy. Program was expanded into a full-fledged “Surveying the Land,” membership division, the Asset Buyers Division, beginning on page 18, covers giving asset buyers representation on the ACA Board how liquidation is affected by and making membership more ac
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