AUCTION ID #: 184412 Bookmark and Share
$57,996.41 Defaulted Credit Card Balances - In Statute Indiana
Item 184412  
Winning Bid: USD $2,300
Number of Bids: 17
Winner: choquette
Reserve: No Reserve!
Status: Sold
Auction Started: 05-04-05    08:00 AM ET
Auction Closed: 05-11-05    04:47 PM ET
Asset Details
Seller Information
Seller Name: PhoenixInc
Rating: Seller Rating - 5 (4)
Location: Jacksonville, FL   
View Seller's other items
 
 
Bid Increment: $50
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $1,300
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Asset was Sold
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Asset Information Additional Details Your Bid History
Asset Description
Phoenix National Service, Inc. is offering 19 charged off credit card accounts with a total principal balance of $57.996.41 plus the estimated default interest owed of $45,345.68. Attached is the work history that was performed by Phoenix National Service, Inc. In addition to the work history the attached documentation will show that these accounts are well within statute and the original creditor of the account. Additionally a sample contract is contained within the due diligence section. These accounts are all located in the States of Indiana to the best of our knowledge. These accounts are divided from a larger two to three-agency portfolio and are have a replacement/ reimbursement guarantee against death and bankruptcy. This sale provides the perfect opportunity for the smaller collection agency or geographical investor to aggressively pursue the monies owed on these accounts. The date of last payment and last known debtor Residence City is located on the attached documentation. Additionally, any hard copy work that is available as well as any correspondence from the debtors will be mailed to the purchaser. Affidavits, Applications and statements can be obtained at a reasonable cost from the original creditor, if available. The estimated cost of this documentation is between $10.00 to $20.00 per account. All creditor documentation already acquired will be forwarded to the winning bidder. Additionally, Phoenix National Service, Inc. can provide the winning bidder with fresh credit bureaus and Accur-Ints for $7.00 per account at the time of auction close, if the winning bidder does not have facilities to acquire these.


Additional Details
For more information about this asset including photos, specs and more (when available), click here.
Inspection Details
See Attached Work History, Sample Contract
Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
  • Certified/Cashier's Check
  • Wire Transfer
  • Money Order
  • Payment must be received within 5 days of the close of the auction.
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