Explainer series
How creditors choose a path
Keep, place, or sell. A first slice beats a noisy whole book.
Creditor pathway
Creditor Operating Checklist
Checklist for original creditors selling charged-off debt: liquidity choice, first slice, buyer screen, PSA, cut-off, and 90-day warranty staffing.
Updated October 25, 2026 · portfolios@debtmarket.net · 561-254-6608
DebtHub · Creditor tools
Print this for finance and legal. If a line is blank, you are not ready to send a tape.
Who should sign off before a creditor sells charged-off debt?
Finance for proceeds, legal for the PSA, and ops for cut-off, all three. If a checklist line is blank, you are not ready to send a tape.
Decide
- Keep, place, or sell. Not “see what we get” while placement is still working the same accounts.
- Whole book vs a first slice (product, vintage, states).
- Spot vs later flow.
Package
- Snapshot: asset class, face, vintage, count.
- Title trail and media percent.
- Ineligible flags if you have them.
- One named contact.
Close and after
- Buyer screen plus any extra PSA conditions (states, no-litigate, insurance).
- Cut-off, funding, warranty exhibit.
- Stop work on sold accounts. Staff the 90-day window.
Questions this page answers
Who signs this internally?
Finance for proceeds, legal for the PSA, ops for cut-off. All three.
Can we skip the first-slice step?
Only if the book is already clean. Messy whole-book dumps take the worst bid.
Where does the snapshot go?
Submit a portfolio, or email portfolios@debtmarket.net from a work address.
Paired reading: Buyer checklist
Paired reading: Seller checklist
Send the creditor snapshotCreditor path
Desk: portfolios@debtmarket.net · 561-254-6608. Institutional only. Not consumer collections.