Cession – a transaction, in the course of which one party (Assignor) assigns to another party (Assignee) its receivable to a third party – Debtor in the time specified. 

Transactions on purchase of individuals’ problem loan debt portfolios (assignment of overdue and problem loans receivables) are one of the main priorities of Sequoia Credit Consolidation.

Advantages of long-term partnership

• Quick evaluation of portfolio

• Determination of a maximum possible price of portfolio by means of more accurate collection forecasts based on cooperation experience  

• Lowest expenses required to arrange debts sale

• Debts sale as they occur

• Guaranteed income from sold portfolio

• No problems to manage debt

• Immediate best possible income from sale