I’m looking for suggestions on efficiently selling past-due Buy Here Pay Here (BHPH) accounts. Are there any proven strategies or channels that could help speed up the process? Any insights on how others have handled similar cases would be appreciated.
I’ve been following the trends in device finance for a while now, and selling past-due BHPH accounts isn’t a one-size-fits-all approach. One thing I’ve noticed is that tapping into specialized broker networks or digital platforms dedicated to distressed loans can really speed things up. These channels often have investors who are prepared to handle portfolios of riskier accounts, even under tighter interest rate environments and stricter lending regulations. It’s worth exploring connections with local asset recovery specialists or even leveraging online bidding platforms that aggregate these kinds of accounts. Just be mindful that pricing will heavily depend on your accounts’ specifics and the current market sentiment, especially as repo trends and regional enforcement policies shift. Good luck with your sale 