Frequently Asked Questions
Why should we sell our debt?
- It transforms zero-valued assets into instant cash
- It improves your bottom line without effecting quality of service
- It reduces uncertainties associated with problem loans
- It reduces administrative costs and headaches
- It reduces risk of liability associated with in-house or agency collection
When should we sell our debt?
Banks, credit card companies and credit unions usually sell debt at the time of charge-off, usually, 180 days after the date of default.
Sell your debt at regular intervals throughout the year. Make debt sales a planned part of your recovery process.
Why should we sell our Delaware portfolios to Dahlink Financial?
We are a service-driven company with a track record of integrity. We offer highly competitive valuations of portfolios and conduct timely due diligence. We provide on-site analysis, data evaluation and consulting for Delaware businesses and credit unions. We make it simple, easy and profitable.
Does Dahlink Financial collect debts on a contingency basis?
No. We are not a collection agency. We buy debt. If your collection agency cannot collect your past due accounts, we can purchase them from you. Think of us as a last resort recovery tool for charged-off accounts.
Does Dahlink Financial re-sell the accounts it purchases?
No. Dahlink Financial Corporation is not a broker and does not re-sell accounts. We keep all the accounts we purchase.
Does Dahlink Financial charge any fees or set-up costs?
No. There are no set-up fees or broker fees associated with selling debt to us.
If Dahlink Financial Corporation is not a third-party collection agency or broker/reseller, who collects the accounts you buy?
All collection activity is done under the supervision of one or more experienced debt collection attorneys practicing in the State of Delaware.
What type of debt does Dahlink Financial Corporation purchase?
We purchase in-statute (legally enforceable) consumer debt. We specialize in the purchase of credit card accounts but we also purchase personal loans, student loans and automobile deficiencies for debtors who reside in the state of Delaware. Dahlink Financial purchases debt in various stages of default including newly defaulted, fresh charge-offs, primary, secondary and tertiary accounts.
If a creditor issues IRS Form 1099-C to a debtor, will Dahlink Financial still purchase the account?
No. We cannot purchase accounts that have been issued a 1099-C.
What other types of accounts are ineligible for purchase by Dahlink Financial?
We do not purchase bankrupt, deceased, known fraud accounts, out of statute (unenforceable), incarcerated, disputed debts or non-Delaware accounts.
What geographic area of debt does Dahlink Financial purchase?
Dahlink Financial purchases Delaware-originated accounts and judgments exclusively.
How much will Dahlink Financial pay for my bad debt?
The purchase price will vary depending upon factors like the type of debt, creditworthiness of the account holder at the time the loan was made, the age of the debt (how long since the date of last payment and how long the account was open and in good standing before default), the nature of the transaction, prior collection efforts and the type of supporting documentation available.
How do we get started selling our debt to Dahlink Financial?
Call (302) 593-4340, email us at acquisitions@dahlinkfinancial.com or complete our Seller’s Profile. You will be contacted shortly by one of our Associates.
