FAQ
Peritus Portfolio Services


The following is a list of common questions from Banks, Finance Companies, Credit Unions and Auto Dealers offering "buy here pay here" operations, for your review.

What will Peritus Portfolio Services need to give a complete written proposal?

Peritus Portfolio Services needs copies of only 4 items already contained in customer’s files and it will take Peritus Portfolio Services 2 to 3 business days to provide a pricing proposal to you. Peritus Portfolio Services will buy any size portfolio.

Does PERITUS file proofs of claim?

YES. Peritus Portfolio Services will file the proof of claims and transfer after we buy them. We verify that a perfected Proof of Claim (POC) exists for the claim as part of our due diligence process.

Does PERITUS buy secured and unsecured bankruptcy accounts?

Peritus Portfolio Services will only buy Auto secured open Chapter 7 &13 bankruptcy accounts.

What are the consequences of dismissal to me the seller/lien holder ?

None. Peritus Portfolio Services takes on the risk of dismissals after the effective date of the purchase. There is no recourse to a Peritus Portfolio Services client after purchase is completed.

Does Peritus Portfolio Services buy confirmed and unconfirmed cases?

Peritus Portfolio Services will buy both the confirmed and unconfirmed accounts at zero recourse and at any stage of the bankruptcy process.

How is purchase price calculated by Peritus Portfolio Services?

Peritus Portfolio Services uses a pricing model that takes into consideration collateral value, secured amount, cash flows, and interest rate awarded by the bankruptcy court.

Peritus Portfolio Services would welcome the opportunity to earn your business and deliver you the best service in the industry.

Give us a try, it doesn't cost anything to get a quote from Peritus Portfolio Services!

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