AKRON, OH ? Debt Sales Partners announced today that over $100 million in portfolios of charged-off debt are available for sale immediately at its web site www.debtsales.us. ?The dSALE platform is the industry standard and a market-proven tool for buyers and sellers of debt?, said Debt Sales Partners President, Michael Zoldan. ?This secure technology has been utilized by the industry?s largest sellers and buyers of debt extensively since 1999?, continued Zoldan. Zoldan and his Advisory Board of debt sales veterans pioneered the Internet-based trading of debt portfolios almost four years ago. Many competitors have attempted to enter the market but have been challenged by a lack of acceptance from the creditors, cumbersome technology and a lack of focus on buyer and seller needs for this type of Internet-based transaction. Debt Sales Partners platform is industry proven and market driven.
“We encourage buyers and sellers to visit our site and take a look around. The sign-up process has never been easier, in fact we now offer immediate access to qualified buyers. For sellers, the process for getting a portfolio listed and on sale has been streamlined to be completed in less than forty eight hours from when we receive your file”, added Zoldan.
Buyers familiar with such innovative tools as TRANSACTOR and INTRASALE and sellers utilizing PORTFOLIO UPLOAD CENTER (PUC) and ELECTRONIC CONFIDENTIALITY AGREEEMENT (ECA) have completed hundreds of transactions. Nearly $10 billion in debt face value and 25 million individual accounts have been sold via the dSALE platform over the last four years.
Debt Sales Partners also announced a new innovative pricing structure for its sellers of debt. Effective May 1st, a tiered flat fee based on the actual proceeds received by the seller was put in place. ?Our fees continue to be exclusively performance based for the dSALE platform and as always buyers can use our site for free,? remarked Zoldan. ?For our larger sellers, the effective commission on a larger sale will be well below two percent of the sale proceeds ? that?s extremely economical when the increased uplift on the sale price is factored in and assures the creditor of a market-based sale?, concluded Zoldan.
Debt Sales Partners based in Akron, Ohio provides an electronic trading platform for debt at www.debtsales.us. The nations largest creditors and debt buyers have relied on dSALE technology since 1999. The company maintains a Board of Advisors from within the creditor, debt-buying and legal professions to support it?s mission of efficient and frictionless transactions between buyers and sellers of debt. Debt Sales Partners can be reached via EMAIL at sales@debtsales.us or via phone at their Corporate offices in Akron at 330-666-5559.
