About Summit Consumer Receivables Acquisitions, LLC:
SCRA purchases consumer receivables portfolios primarily using investor managed accounts across a variety of asset classes. SCRA sources receivables portfolios through its large network of contacts worldwide, and facilitates the pricing, analytics and ongoing servicing for the transactions. SCRA cultivates relationships in the United States and internationally currently in Canada, Latin America and Europe in search of opportunities. On behalf of our investors, Summit transacted over one billion US dollars in purchase price of acquisitions in the last three years.
The consumer receivables purchased by SCRA are loans from businesses to consumers for products and services purchased by those consumers. The base of asset classes served by SCRA in the consumer space is broad and includes automobile loans, credit card receivables, student loans, furniture, appliances, jewelry, electronics and loans for various other consumer durables; home improvement and home automation, mortgages, and elective medical and dental procedures, and many others. If you have a portfolio of performing or non-performing consumer receivables making monthly payments which you are considering selling, please reach out to us to discuss the possibilities.
SCRA also helps companies secure various types of larger commercial loans and lines of credit, including re-discount lines of credit for acquiring consumer receivables, and also performs consulting services for our clients which desire assistance with structuring consumer finance programs and portfolio acquisitions, sourcing lines of credit, or with managing and servicing consumer receivables portfolios.
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