Since the 1990s, as banks and credit card companies have found new ways to clear up lost assets and separate themselves from non-performing portfolios, portfolio management has grown in popularity. Many financial institutions are increasing profitability by assigning their more challenging accounts to portfolio agencies. When inventory is returned as “uncollectible,” it is packaged, and the portfolio is sold.
As more institutions recognize the savings associated with offloading payment arrangements and portfolio management—and the employees required to do so they are selling their accounts immediately after charge-off. This benefits companies such as ours, Atlanta-based Kemper & Associates, LLC (KA).
After all, sellers and purchasers play a vital role in the economy. It is not a matter of “portfolio versus consumers.” Rather, portfoflio management agencies contribute meaningfully to the return and maintenance of a healthy economic environment. And as portfolio management continues to rise, the urgent need for efficient and effective portfolio becomes increasingly compelling.