Kruk S.A.

Debt Purchase

Purpose: to provide an immediate solution to the problem involving debts by selling them to KRUK International. Debt purchasing is one of the most dynamically growing services of KRUK International.

The offer is targeted primarily at clients with mass receivables. The receivables can include either debts which have not yet been subject to collection or debts which were already enforced but have not been recovered and remain an unsolved financial problem for the client.

Each portfolio of receivables submitted by the client is subjected to a detailed analysis performed based on the following parameters:

• debtor data - age, place of residence (postal code), type of employment (employment contract, freelance profession, self-employed), income (income brackets), date acquired, method of acquisition (distribution channel, promotion, etc.);
• product information - product type (type of obligation, e.g. loan, telephone bill, invoice, etc.), information about security provided, etc;
• “behavior” information such as outstanding amount broken down  into principal, interest and other charges, number of days past due, information about the collection process so far, as well as any other important data which may have an impact on further collection activities.

In order to guarantee the confidentiality of information, the data identifying the debtors are not provided at the stage of portfolio valuation. The collection schedule, collection process stages and the manner of delivering the data for valuation are agreed separately.

After having analyzed the portfolio proposed for sale, we submit our price offer. When our offer is accepted by the client we begin the receivables purchase process.