ADP Introduces Multi-tier Financing Program Consolidation for Elective Surgery Industry

A large elective medical paper aggregator had been frustrated by the lack of a single funding source to purchase their accounts receivable. The organization was required to work with multiple lending sources to meet the demands of its A, B, C and D credit customer flow. The multiple purchasers greatly complicated the underwriting and acceptance process, increasing the turn-around time and causing the organization to lose customers and profits.

Complicating the issue was the growing popularity of the elective surgery marketplace which had swollen the flow of applicants and overwhelmed some of the organization’s processing capacities.

Key Client Benefits Achieved

• The aggregator’s search for a single purchasing source was filled by ADP, which provided the financial capacity, freedom from bank restrictions and underwriting flexibility to provide a one-stop shop with four purchase tiers.
• ADP was able to meet the requirements of underwriting, acquiring and servicing four credit tiers of paper. Through its network of servicing partners, ADP, L.P. is able to provide superior billing and servicing for all credit demographics.
• Since ADP does not rely on bank financing and the complex processes associated with these traditional lenders they are able to respond quickly and flexibly, underwriting and funding a one-stop flow program in a fraction of the time required by traditional competitors.

Capabilities Demonstrated

• ADP's ability to purchase both prime and sub-prime consumer paper quickly and in large volume sets them apart from both banks and traditional sub-prime lenders, taking the place of both for many of their clients. 

ADP Provides needed capital quickly for a leading US Credit Card Processor

ADP acquired a portfolio of B and C credit consumer loans from a leading US Credit Card Processor. This credit card processor is a Merchant Account Provider for Visa®, American Express®, Discover®, Diners Club® and MasterCard®, providing businesses with the ability to accept credit cards. The company, founded in 1992, today stands among the leaders in the transaction processing industry, representing multiple processors and providing all types of merchants with a variety of services and products.

Key Client Benefits Achieved

• In acquiring the portfolio ADP, L.P. was able to assist in transitioning this client from an outdated line of consumer business into a newer more technologically advanced product set.
• The requirements for a portfolio acquisition included the ability to acquire and service debtors with varying credit score profiles.   Through its network of servicing partners, ADP is able to provide superior service to any class of consumer.

Capabilities Demonstrated

• This client required a rapid commitment from its purchaser. ADP was able to respond in 10 days from initial contact to final funding. Since ADP does not rely on bank financing they are able to respond quickly, funding portfolio acquisitions in a fraction of the time required by traditional competitors.

For More Information Contact:

Alternative Debt Portfolios, LLC

50 West Liberty Street, Suite 1040

Reno, NV 89501

 

775-682-3000 Phone

775-682-3050 Fax

Internet: sales@adpfund.com