Crescent Bay Financial, LLC Education Program

The educational program developed by Crescent Bat Financial, LLC is intended for both new students, who want to enter the Debt Buying Business, and people who may have already completed an educational program, but want to learn more about the business. The CBF Educational Program will take place in an online environment through a series (Modules) of Webinars. Some of the programming will be pre-recorded for access at the student’s convenience and other parts of the program will be conducted live, where the student will be able to interact with the instructor and ask questions. Outside experts with extensive experience in some of the technical areas and collections will present portions of the program. The most current technologies will be discussed and utilized and the most recent legislation regarding collections will be shared with the students of the program.

The training events are provided from the point of view of a Debt Buyer, and the techniques taught will be focused on the Debt Buyers perspective of the business. Pricing for the educational programming has not yet been established and will be posted soon. Registration for the programs will begin in the second quarter of 2010. Please contact us for more information.

Training Webinars (Paid Subscription) – Education Program

General Information

§         Workbooks for the Webinars shall be published for each course module which will include 3 or 4 topics.  Each workbook will be mailed to participants prior to beginning the program after payment has been received. Only a single bound workbook which is copyright protected shall be provided. Electronic files which may include spreadsheets, updated tables, charts or other current data may be delivered by e-mail.

§         Cost of the program will be determined and will be priced per module

o       By offering the classes in a series of related modules we will keep the price point lower and offer a greater variety of content. The student can subscribe to an individual module, a series of modules or the entire season of Webinar events

o       Topics would be grouped together and several topics will take more than one session

o       Payment will be taken on Paypal or other payment plan

o       Each class will last approximately 90 minutes

o       Outside experts will provide some of the training

o       Access to Vendors will be provided following the education modules

o       The full outline of module content will only be provided to registered students

o       The Advanced Series modules are only available to students who have completed Modules 1 thru 5

Training Modules

Module 1 – The Debt Buying Business: Part 1

• Introduction to the Debt Buying Business (1 Session)
• Getting Setup in the Business (1 Session)
• Loan Purchasing (Probably 2 sessions)
• Introduction to the FDCPA and other Rules

Module 2 - The Debt Buying Business: Part 2

• Beyond Bidding for State Files (Probably 2 sessions)
• Purchase Analysis (Probably 2 sessions)
• Scoring your file (Probably 2 sessions)
• Modeling verses Scoring (1 session)

Module 3 - The Debt Buying Business: Part 3

• Selecting Collection Agencies (3^rd Party Collection) (Probably 2 sessions)
• Collection Tips (1 Session)
• File Management (Probably 2 sessions)
• Selling your File (1 Session)

Module 4 - Raising Money for your Business

• Borrowing Money and Investors (Probably 2 Sessions)
• The Business Plan (1 Session)
• The Loan Proposal (1 Session)
• Presentations to Investors(1 Session)

Module 5 – In-House Collections

• Why your Own Collection Agency
• Starting a Collection Agency (Probably 3 Sessions)
• Understanding the Fair Debt and Collection Act (Probably 2 Sessions)

Module 6 - Advanced Series (PhD Program): Part 1

• Understanding the Competition (1 session)
• Industry Relations (1 session)
• Networking with other Buyers and Sellers (1 session)
• Marketing and Public Relations (2 sessions)
• The Legacy Loan Program / PPIP (1 session)

Module 7 - Advanced Series (PhD Program): Part 2

• Growing your Business (2 sessions)
• Developing Your Website (1 session)
• Building a Financial Model (2 sessions)
• Selling your Business (1 session)

Module 8 - Advanced Series (PhD Program): Part 3

• Technology in Collections (1 session)
• Collection, Analytical & Managing Software (2 sessions)
• Skip Tracing (1 session)
• New Techniques and Technologies (1 session)
• Advanced Portfolio Modeling (2 sessions)