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Debt purchasers face scrutiny over their business models; Nathan Mitchell and Matthew Hughes discuss debt purchaser predicaments, options, and predictions for the years ahead. They explore the impact of rising interest rates, financial challenges faced by Interim and AFE, and ESG risks in debt purchases.
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Quick takeaways
- Debt purchasers like Intrum, Lowell, and AFE are facing similar challenges in the market and it will be interesting to see who emerges as the winner.
- The increase in central banks' interest rates has brought attention to the NPL purchaser market, highlighting concerns about competition, collection costs, and accounting methods used by debt purchasers.
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Overview of Debt Purchases
Debt purchases focus on non-performing financial assets in the high-yield and leverage loans market. These assets can range from unsecured consumer credit portfolios to distressed commercial real estate assets. Businesses make money from these assets through restructuring the loans to make them more valuable or enforcing on secured assets and selling them. They can also act as servicing businesses, collecting payments on default debt and receiving a fee for doing so.
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Listen to the best highlights from the podcasts you love and dive into the full episode