Recent Debt Industry Indicators

Damon Edmonson Recent FLOCK News Leave a Comment

“Revolving debt — mostly credit card debt — increased by more than $16 billion in May. That’s the largest ever increase for May, and the largest percentage increase since 1995,” according to a recent article from American City Business Journals.

These findings match the perspective of FLOCK Specialty Finance.  We have seen significant growth in consumer credit over the last 18 months. This growth, coupled with the increasing cost of credit, continues to build pressure on issuers to sell their growing inventory of charged-off debt.

The opportunity for debt buyers will significantly increase in the near future for multiple reasons:

  • Strengthening economy
  • Increase in labor force participation
  • Significant growth in consumer credit
  • The increasing cost of credit
  • Pressure on insurers to sell inventory

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About FLOCK Specialty Finance

FLOCK Specialty Finance is dedicated to alternative funding in a variety of specialty finance segments. Our mission is to provide clients with capital and expertise for the purchase of both charged off debt portfolios as well as for the financing of subprime consumer obligations. FLOCK believes its funding is “More Than a Transaction”. Our proprietary financing structure provides growth-minded clients with a competitive advantage in multiple asset classes. Founded in 2007, FLOCK Specialty Finance is headquartered in Atlanta, GA.

Contact FLOCK Specialty Finance today to learn how we can help you capitalize on the current marketplace.

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