You can also sell overdue debts. You immediately recover a portion of your outstanding monies without resorting to what could be a lengthy internal or outsourced collections process.
Selling overdue debts not only reduces your collection costs it also provides immediate access to cash flow, as well as finalising the value of a bad debt write-off.
Baycorp specialises in the purchase of arrears debtors’ ledgers. We buy debt
at an agreed price, based on an assessment of the debt recovery levels that are considered attainable.
We buy debt either as a one-off sale transaction or on a “Forward Flow” basis, whereby the price is agreed upfront for an annual (or six monthly) period for a regular monthly debt sale.
The most common debt purchase products include:
- Financial services debt (credit cards, personal loans, car loans, and transactional accounts)
- Utilities (telecommunications, electricity supply and similar debt)
- Retail Finance (hire purchase)
Baycorp has been active in debt purchase for over 10 years, and we consider ourselves to be one of Australia and New Zealand’s most successful debt purchase companies.
Looking after your brand, as if it was our own
One of the primary concerns for businesses selling debt is minimising the risk to the brand after the sale and ensuring that we recover the debt in a way that’s consistent with your brand standards.
Baycorp is trusted by Australia and New Zealand’s major financial and business institutions across a wide range of industries. We comply with all legislation and we take the time to understand your brand standards and ensure we protect your reputation as we recover overdue debt.