Selling an unpaid debt is one of the fastest ways to recover cash without waiting years for a court ruling. Still, some mistakes scare off buyers or lower the price. Here are the most common ones and how to avoid them.
1. Incomplete documentation
An investor pays for what can be proven. Without invoices, contracts, formal notices or any evidence of the debt, it is worth less. Gather everything before you list.
2. Setting an unrealistic price
Asking for 100% of the face value scares off offers. The buyer takes on the risk and the time to collect, which is why debts sell at a discount. A sensible asking price attracts more offers and speeds up the sale.
3. Waiting too long
The older a debt is, the harder it is to collect and the less it is worth. Selling early, while the evidence is fresh, maximises what you receive.
- Check the debt is not time-barred.
- Know the exact amount and any interest.
- State whether it is already in court or not.
4. Not filtering buyers
Listing on a specialised marketplace connects you with real investors, not the merely curious, so the offers you get are serious.
Avoid these mistakes and the sale is faster and the price higher. List your debt with full information and let buyers compete for it.
Have an unpaid invoice or debt? List it on Debtalia and receive offers from investors. Sign up in 5 minutes, with no commission on the sale.
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