We buy consumer debt.
We are here to help.
With offices in Chicago and Toronto, Conficio Capital was founded under the principles of transparency, accountability and fairness. Our founding partners have spent their careers in the debt collection space and built Conficio to provide a better experience for the consumer. We work with only the most ethical and progressive debt collection agency partners, providing consumers with a customer experience focused on cooperative resolution.
Our agency partners are curated to our standard of excellence providing contact channel options that suit the consumer’s preference.
If you have experienced an interaction with one of our agency partners that has not been in the spirit of cooperation or professionalism, please notify us immediately.
Contact
➤ LOCATIONS
276 East Deerpath Road Suite 437 Lake Forest, IL 60045
23-1111 Davis Drive Suite 449 Newmarket, ON L3Y 9E5
☎ CONTACT
[email protected]
(800) 460-6409
What is a Debt Buyer? Why are your representatives trying to contact me?
The Credit Originator
The consumer initiates the relationship with the credit originator by signing an agreement to receive goods or services in exchange for promise of payment subject to specific terms and conditions.
4. Post Write off
Once the account has been written off, the credit originator attempts to recover the loss through the use of collection law firms, collection agencies and/or repossession companies. These companies are typically compensated by a portion of whatever they recover.
2. Delinquency
Typical credit agreements require, at minimum, a payment over a specific period of time, usually measured in months. When a minimum payment is not made, the consumer’s account “ages” in terms of delinquency, for example, 2 months past due.
5. Asset Sale
At any time during the recovery process the credit originator has the option of selling the debt to a third party. Debt buyers are regulated by federal and state laws in the U.S. and provincial laws in Canada. Debt buyers are either active- they perform their own recovery effort; or passive- they work with collection lawyers or agencies.
3. Default
Once the account ages to a specified period of time, usually six months past due, the account is considered in default, and the debt is written off by the credit originator. This is an accounting treatment representing the lower likelihood of the debt’s repayment.
6. Working with a Debt Buyer
Debt buyers have complete autonomy to resolve the consumer’s account. They have the ability to tailor a re-payment solution that suits the consumer’s need, or a settlement solution to permanently resolve the amount owed. The debt buyer should communicate with the consumer in the manner that suits the consumer’s preference.
“You have to be transparent
so you no longer cast a shadow
but instead let the light pass through you.”
Let's Chat.
Use the form below to contact us regarding your experience. Please be as detailed as possible. Include the nature of your inquiry, date, and approximate time of the interaction. Please include the name of the agency partner who initiated contact with you. To help us best service your inquiry, we recommend that you first describe the issue you’re having before telling us what you want to achieve. We will respond to all emails within 24 business hours of receipt.
We also welcome inquiries about becoming an agency partner. We’re always looking for new and exceptional talent to join our network.