NLEX Introduces New Program As An Option For Sellers Of Charged-Off Debt

NLEX introduces its “90/10″ program as an option for sellers of charged-off debt. Under the program, NLEX will guarantee a mutually agreed strike price for a portfolio. If the strike price is not reached through bidding, NLEX will acquire the portfolio at 90% of the strike price. In addition, sellers will receive 10% of any back-end profit received by NLEX.

“We are offering this only as an option for sellers,” says Dave Ludwig, president of NLEX. “This will not be a fit for all sellers nor all portfolios. Our intention is to hit the strike price through our brokerage efforts while offering price protection in fluctuating markets. Having completed sales of $27 billion, representing over 50 million charged-off accounts, we provide very accurate portfolio evaluations based on actual sales results and trends. This affords us the luxury of offering a guarantee price program.?

The 90/10 program will be offered to specific debt issuers. For more information contact NLEX at 800-264-3683.