In partnership with Creditsoft Solutions and TICA, Acceleon is launching a debt valuation product to help debt sellers and buyers to value their debt book as part of due dilligence.
One of the big issues that a debt seller and buyer faces before the sale of a debt book is determining a fair price. The risks that are associated with the purchase are usually compounded by the fact that the debtors details cannot be disclosed as part of the due dilligence process.
The new Debt Valuer product allows both buyers and sellers to evaluate the quality of the data in the debt book by searching for each record within the Acceleon directories and the TICA tenancy database. The result is a summary report of information about the data including match rates, the quality of the matches and the age of the data. The actual data is not disclosed, and therefore privacy is protected.
This reduces the risk for both parties and performs the first round of work for the purchaser allowing the debt to be worked as quickly as possible by contacting CreditSoft Solutions to purchase the results.