Systems and methods for acquiring, managing, placing, collecting and reselling debt
AssigneeCreditMax LLC
InventorsStephen B. Kass, Michael E. Bernstein, Kevin Davis
Life of this patent
Estimating the term…
Abstract
A system is provided for comprehensive debt management. Debt is typically acquired in the form of portfolios from the issuers of debit (e.g., creditors, such as credit card banks), which are referenced herein as “primary issuers” of debt. The custodian of the present invention is the acquiring party and is referenced as the “secondary issuer” of debt. Such portfolios are normally expansive and may cover a very large geographically region, such as the state of Texas. The system can parse the debt and assign any portion thereof to collection agencies or even directly to individual collectors.
Claims15
A system for comprehensive debt management, comprising:
- means for maintaining data relating to acquired debt;
- means for analyzing said acquired debt data and assigning portions of said acquired debt to collection agencies;
- means for accounting collection payments from said collection agencies relating to said assigned portions of debt;
- means for recalling uncollected portions of said assigned portions of debt from the agencies;
- and
- means for selling the recalled debt.
Dependencies are inferred from the claim text.