Our acquisition strategy includes short contract and closing periods coupled with a seamless transition of account servicing.
Why sell?
Partners look to us to acquire entire portfolios, segments of their portfolios, or to unlock capital and increase liquidity. Typical partners in the portfolio acquisition and servicing arena include:
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Banks
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Finance companies
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Institutional investors
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Merchants
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Service providers
Organizations typically look to solve for the following issues when they sell, or outsource the management of, their portfolios to Genesis:
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Pools of their receivables do not fit into securitization structures.
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For educational institutions, they desire to increase the rate of cash flow to meet 90/10 requirements
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If they are retail card issuers, they may be consolidating locations or exiting territories