Crescent Bay Financial LLC - Loan Buyers Group, LLC was established to help Debt Buyers work together and join forces to purchase charged-off consumer debt at a National level direct from the Issuing Banks. Utilizing a set of proprietary tools, Crescent Bay Financial, LLC analyzes available national portfolios and determines the projected recovery rates of each file for 6, 12, 18, 24 and 36 month time frames. Based on the projected returns from the portfolio, a maximum purchase price is developed, and negotiations are conducted for the best performing file based on the projected recovery model. In some instances, confidential bids are developed and presented to the selling Institution based on the projected performance of the accounts.

“The system is worked backwards from the recovery viewpoint” and based on what the portfolio is expected to recover, a determination is made of how much can be paid for the file. This is very different than buying a portfolio at the suggested retail price and hoping that the Group Members can recover the purchase price and collection costs.

The Group Members are each involved in reviewing and assessing the data from the recovery analysis and making the final portfolio selection. At the completion of the file acquisition, we utilize a random split to divide up the accounts between each Group Member. Each Member owns their own files and can elect to collect their accounts on their own, or by using their selected 3rd party agency. Most Group Members choose to place their files together for collection and having the accounts managed professionally. This allows the Loan Buyers Group to have a “Bigger Footprint” during the collection process. With the Group bringing thousands of accounts to the collector, they enjoy volume discounts, as well as get much more attention and a higher priority from the collector. More attention and a higher priority often equates to higher returns. For more information on the Loan Buyers Group, LLC, visit the website at www.loanbuyersgroup.com