First Financial Network, Inc., announced today the offering of an $8 million credit card accounts portfolio. The portfolio includes primarily performing, closed credit card accounts.
Oklahoma City, OK – October 1, 2012 – First Financial Network, Inc., announced today the offering of an $8 million credit card accounts portfolio. The portfolio includes primarily performing, closed credit card accounts.
First Financial Network will market and manage all facets of the sale to bid on November 1, 2012. Due diligence materials are available to qualified bidders beginning today on First Financial Network’s Loan Sale Network™ platform at www.firstfinancialnet.com.
Bliss Morris, Founder and CEO of First Financial Network, said, “We look forward to marketing this portfolio which may be of particular interest to consumer debt buyers, servicers and collection agencies as they pursue quality acquisition opportunities to augment their portfolios.”
First Financial Network will initiate a highly targeted marketing campaign aimed at procuring sophisticated purchasers in order to obtain maximum value on the portfolio. The company will utilize its online Loan Sale Network™ platform to provide qualified investors with immediate access to due diligence information and the opportunity to place bids. For additional details regarding the offering, please call 405.748.4100 or visit www.firstfinancialnet.com.
About First Financial Network:
Since its founding in 1989, FFN has defined the loan sale industry, selling billions of dollars in loans and other assets in 28 countries. In addition to loan sales, the company provides data normalization, loan file imaging and indexing, loan valuation, compliance reviews and due diligence services to banks, agencies of the Federal government, major foreign banks and other lenders. The company’s online Loan Sale Network™ platform and Metrics, an integrated due diligence analytics system, are used in conjunction with exceptional marketing techniques to achieve optimal value in today’s secondary market. For further information, call 405.748.4100 or visit www.firstfinancialnet.com.