Multi-State Collection Business

Description

Accounts receivable and debt collection business for sale.

The company has been operating for about 11 years and works across multiple states.

It handles consumer and small commercial debt on behalf of creditors.

The business currently services approximately 170,000 accounts.

The active portfolio is reported at more than $275M, with about $735,000 in ongoing payment plans.

The company holds collection and debt trading certifications in several states and maintains required bonding.

Clients include businesses that have worked with the company for a number of years, along with accounts generated through referrals and repeat engagements.

The operation already has systems in place for account handling and payment plan management.

The company is also adding AI-based technology to parts of its current process.