eric wheeler

jacksonville, FL (USA)
Role(s):

portfolio acquisitions management llc

Find More Startups Startup
Location: jacksonville
Industry: Finance
Year Founded: 2006
Number Employees: INVALID
Description: Portfolio Acquisitions Management LLC is a purchaser or distressed consumer receiveables. We acquire debt through thorough due diligence by analyzing the debt industries market trends and collection agency liquidation averages. After purchase we outsource our receivables to a "perfect match" collection agency at an average range of 25-35% contigency, depending on the amount of placements the debt has previously been through. Placements are kept within the agency anywhere from 6-12 months, depending on liquidation totals at that time, then sold at the end of target goal. Liquidation percentages vary in a large spread due to placement types and types of paper.