Debt purchase allows clients to sell their debt portfolio directly to Baycorp. Baycorp becomes the owner of the debt portfolio and seeks to recover any outstanding monies from the defaulting customer.
One of the main concerns for clients in relation to debt purchase is the potential risk to their brand following the sale of the debt. Baycorp has been purchasing debt for many years across a wide range of industries. We fully understand and respect the value of our client's brand and Baycorp provides the highest level of skill and professionalism, irrespective of who owns the account.
Client benefits include the immediate payment of the agreed price for the debt portfolio, thereby assisting cash flow, profitability and freeing up internal resources without compromising the client's brand.