The Role of Sellers, Resellers & Brokers in Debt Purchasing

In the early 1990′s, the concept of selling Judgments/Deficiencies/Charge-Offs (JDCs) took off as a result of the now almost-forgotten savings and loan failures. One inside story was the hiring of Savings and Loan (S&L) employees by the Resolution Trust Corporation, which valued their knowledge of the failed institutions’ assets, policies, procedures, customs, and practices. The RTC’S objective was an orderly liquidation of assets from failed institutions to solvent entities, which was achieved on behalf of approximately 735 failed S&Ls.