Global Credit Recovery specializes in the acquisition of defaulted or charged-off accounts receivable portfolios from consumer credit originators. Charged-off receivables are the unpaid obligations of individuals to credit originators, such as credit card issuers, consumer finance companies, retail merchants, telecommunications and other utility providers. Since these receivables are delinquent or past due, Global Credit Recovery is able to purchase them at a substantial discount. Global Credit Recovery does not perform collection process for these receivables in-house. Once acquired, the collection of these receivables is outsourced to a network of legal entities with strong expertise in consumer debt or resold.
Global Credit Recovery’s strong track record, network of high integrity secondary buyers and long-standing relationships with major credit originators provides the company with access to quality opportunities. Forward flow contracts with sellers provide Global Credit Recovery with a predictable supply of consistent quality product.