The Debt Purchase market has been on a significant growth trajectory the last few years. Regulatory pressure on the DCA market, combined with a low interest rate environment, which have left institutional investors looking for higher returns, both contribute to organisations turning to the debt purchase industry for profitable growth.
Debt purchasers have been impacted by this additional regulatory scrutiny, forcing some consolidation in order to create economies of scale.
The nature of debt purchase business means a suitable system of record that includes features such as processing payments, calculating fees, interest, and charges, together with full customer and account management and maintenance.