A purchase passes title at funding. A placement leaves title with the creditor.

The box, the sample, the funding, and the collector path an operating company lines up first.

A score is usable when the tape says which score, and the date it was pulled.

What a small-dollar charge-off file has to show before anyone discusses a percent of face.

How a recent issuer charge-off differs from older paper that has already been placed or sold.