SERVICES
We help you to help yourself
We purchase accounts, loans, credit cards, or mortgages from utility companies, telecommunications companies, banks, credit unions and other credit grantors and provide you with options.
Why would my account have been sold to People First?
There are lots of reasons why companies sell accounts – here are the FIVE main reasons why your account may have been sold to us…
- Free Up Capital & Improve Liquidity
Companies use their money to grow their business – it makes sense for most companies to sell past due accounts and use the money they get to grow their business. - Reduce Risk & Financial Pressure
Holding past due accounts sometimes increases financial risk and regulatory scrutiny. - Clean Up the Balance Sheet
High levels of customer accounts that are past due can make financial statements look weak. Selling these accounts may improve key metrics like debt ratios and return on assets (ROA). - Regulatory Compliance
In some cases, banks and other financial institutions have limits on how many past due accounts they can hold. Regulators push them to maintain healthy loan portfolios by selling off some accounts. - Focus on Core Business
Instead of spending time and resources managing past due customers, companies can focus on lending, investing, or operations.