Oliphant Financial Corporation (OFC) a leading buyer and seller of charged-off portfolios, and the WorldWide Debt Exchange, LLC. (WDX), the Industry?s leading Internet-based performing and non-performing receivables trading and sales management software company announces that its? founder, Robert A. Morris, has taken office as the new President of the Debt Buyer?s Association.
Mr. Morris was a founding member of the Debt Buyer?s Association and replaces Charles ?Chic? Natkins a partner in the Ohio law firm of Javitch, Block, Eisen & Rathbone, P.L.L. as his term in office concludes. ?Chic has done a great job focusing on membership growth while keeping a watchful eye on state and federal legislative issues as they pertain to our business,? Morris said, ?and as I see it, Chic will continue to have a very active role in the DBA.?
?Bob?s experiences and understanding as a debt buyer and seller make him well suited for the position and add a different type of experience and perception to the presidency of this organization,? according to Mr. Natkins.
About OFC
OFC started initially as one of the first purchasers of bad debt in early 1992. OFC sold its first portfolio in 1993 and in December 1995, opened its Account Marketing Division and began selling national, state and regional portfolios bi-monthly. OFC buys large national portfolios direct from the issuers and re-sells on the state level. Today, OFC is committed to a growing industry and has positioned itself as an expert seller with knowledge and experience on both sides of the transaction. OFC is currently seeking to purchase all levels of credit card or retail card portfolios from issuers/creditors.
About WDX
WDX is an Internet-based performing and non-performing receivables trading and sales management software company. Comprised of a significant array of Industry veterans, WDX offers a secure and complete solution to meet the demanding needs faced by Receivables Management Executives, CFO?s and Purchasing Agents who need an automated solution and established marketplace to trade receivables. The WDX solution brings buyers and sellers together automating a complex business function by forming an open, standardized and secure marketplace that is flexible and easy to use.
