While most Americans intend to repay their debt, contractual obligations sometimes go unmet. About 4% of aggregate consumer debt is currently in a stage delinquency. Delinquency and charge-off rates vary by asset type and the credit profile of the borrower at the time of origination. In many instances, the common denominator of bad debt is a distressed consumer; a lost job, an unexpected illness or other unforeseen financial circumstances.
The Cascade365 Family of Companies is the preeminent provider of liquidity solutions, AR purchase, collections, and AR management, to the consumer finance industry. Cascade365’s expertise includes the responsible and lawful liquidation of auto debt, credit cards, installment loans, and retail accounts. Cascade365 staff and vendors are trained, tested, incentivized and monitored for compliance with state, federal and local laws pertaining to debt origination and collections including but not limited to FDCPA, FCRA, TCPA and GLBA.