Charge-Offs

  • Compliance is the key to success in a sale of nonperforming or charged-off assets.
  • Garnet has built and documented a process that follows regulatory guidance and consent orders.
  • Our process has given buyers and sellers comfort and Garnet a dominant market share.

What Clients are Saying

  • "Our risk assessment found zero findings. That’s a first for us!"

    Top 10 Bank – Vendor Approval Department
  • "The whole Garnet team has been outstanding, I have and will continue to recommend you."

    Chief Risk Officer – Consumer Finance Company
  • "As a first time seller … Garnet did an excellent job guiding us."

    President – Nonprime Auto Lender

$400,000,000

Charged-Off Consumer Finance Loans Bulk and Flow

$1,655,000,000

Charged-Off Debt Sale

$1,097,000,000

Auto Deficiencies Bulk and Flow

$2,065,000,000

Auto Deficiencies and Secured Auto Loans
Several Sales

$814,000,000

Collateral Liquidation Charged-Off Credit Cards

$253,000,000

Charge-Offs and Chapter 13s

$294,000,000

Charged-Off Student Loans Bulk and Flow

What Differentiates Garnet?

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Experience

  • Over $100 billion in closings
  • Seasoned sales team
  • Familiar with buyer model inputs
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Analysis

  • Deep dive analytics
  • Presentation from buyer’s viewpoint
  • Data validation to address compliance
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Closing

  • Continual focus through final negotiations and close
  • Final reconciliation and settlement statements
  • Post-Closing Desk Reference

What are the Critical Factors in Charge-Off and Bankruptcy Sales?

1. Information


  • Data file confirmation
  • Offering tells the portfolio "story"
  • "Clear, Concise, Correct" presentation
  • Third party info appends add value

2. Pooling


  • Pools constructed for buyers
  • Sales team schooled in value
  • Full market coverage
  • Creates price transparency

3. Closing


  • Track portfolio changes
  • LSA negotiations
  • Guided by current compliance environment
  • Confirm settlement statements

View other Product Types

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Certainty of Execution
Custom Analytics

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Tailored Plans
Broad Experience

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