| Q:
What does TBF Financial do?
A: At TBF Financial, we buy charged-off, small-ticket
equipment leases for our own account. We are the premier company
in this business.
Q:
Why should a leasing company sell charge-offs to TBF Financial rather
than continue to manage them through collection agencies and lawyers?
A: TBF Financial pays maximum recoveries on charge-offs.
That means an increase in profits and liquidity, reduction of overhead,
and more productive and efficient use of collection departments.
Q:
What is involved in TBF Financial's due diligence?
A: TBF Financial has designed an easy process
for buying charge-offs. Our expert team will usually spend one day
at your office reviewing information on a typical pool of charge-offs
and designing a program to fit the individual needs of your company.
All pools after that are purchased automatically without any more
due diligence review.
Q:
How much effort is involved for leasing companies in the selling
process?
A: Again, very little! At the time your company
has accumulated leases for sale, you e-mail us a spreadsheet identifying
the leases and the unpaid balances. TBF then sends you the purchase
funds. When you receive the funds, you send us the files. It's that
easy!
Q:
Will TBF Financial customize a program for my company?
A: Absolutely. Almost all of our programs
are customized to fit the individual needs of our sources.
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