Things to Know about Portfolio Acquisition

Portfolio acquisition refers to the procedure of buying a group of lease contracts and related discounted payments and cash flow by a company seeking to make new investments. Such acquisition requires in-depth planning and analysis that can be only done through meticulous knowledge of the financial products and devoting considerable efforts and time. Without such strategy buyers may end up looking into every deal and ultimately not emerging successful in any, in spite of speculative bidding. Here are some of the things that every buyer ought to know about such acquisitions and how to make a strategy that culminates into a successful one.

One of the first things to take note of while undergoing acquisitions is a research and review of past deals that have taken place in the financial market, thereby making a shortlist of potential competitive areas.

Next, look into a large and flexible area of target acquirers and make a list of the prospective ones based on the particular geographic preference, processor and technology platforms they use along with credit quality features which fit the acquisition in question in the best possible way. Take a closer look into your customer or client base and understand what they are reliant on most. If the dependence is largely on cards, think of ways to curtail that by proffering better financing options. Once these things are settled, it is essential to set a time-table for introducing the strategy and updating it with latest inputs, while taking a note of the referral sources and the valuation techniques to be used.

If you are on the lookout for portfolio acquisition services, trust on Atlanticus to do the job for you. Harnessed with an experience of over 75 years the company has bought, converted as well as serviced 6.8 billion receivables and more than 7.8 million accounts covering a broad spectrum of financial services like auto loans, consumer loans, credit cards and many more.

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3 Hidden Truths behind Zero Percent Auto Financing

So the zero percent auto financing deal offered by your local car dealer has grabbed your attention and as a buyer on the lookout for a new car it seems a luring bargain indeed. Zero percent financing is one of the most enticing motivators used by automotive dealers and car companies to lure potential buyers and ramp up sales. However, before you get influenced by such advertisements, it is imperative to know the hidden truths behind zero percent financing. For, what might appear to you as an attractive deal may, in reality, mean shelling out more than other alternative financing options.

Short-term Payback: In most cases zero percent financing come with short- month. For those who run their expenses on monthly budget pushing it up to such extent as to accommodate extensive installments might seem difficult. In such cases it is better to look for longer-term schemes where monthly installments will be lower.

Hidden Costs: Although you might be quite happy opting for a zero percent finance, you may be charged overtly on certain other heads such as application fees and extended warranties by your dealer. In the long run you might just find out that you ended up paying more than the other payment options like a cash-back offer which although comes with a higher interest, would have helped you save greater amounts.

Zero Percent Financing Criteria: Finally, even before you hit the showroom excited to buy your dream car, check out whether the car model is under the zero percent finance scheme. You may just wander in to find that the car you contemplated to purchase is under a completely different finance scheme which requires you to shell out a whopping amount in terms of financing charges. It is also worth taking a look at your credit score as zero percent financing is often limited to only those customers with a good credit standing.

To get the best deal out of your auto finance at lowest interest rates, Atlanticus can help you get the car of your dreams.

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