Date: Thu, 28 Mar 2024 17:05:58 +0100 (CET) Message-ID: <1005817320.197.1711641958443@vm-confFLEXnet> Subject: Exported From Confluence MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_Part_196_1114354826.1711641958440" ------=_Part_196_1114354826.1711641958440 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable Content-Location: file:///C:/exported.html
In case of a default or overdue payments during the loan term, F= lexFinance provides the option of handing the claim over to a debt collecti= on agency or to prepare it for sale. This can be done for individual cases = or for claims combined into a portfolio.
Non-performing loans can either be passed on to a competent internal dep= artment or handed over in trust to a debt collection agency. Claims that ha= ve been given to a debt collection agency are charged off in FlexFinance an= d deactivated for further processing. Proceeds from the debt collection age= ncy are posted directly to the general ledger.
In addition to the option of debt collection, claims can also be sold. W= hen claims are sold, they are charged off and the proceeds from the sale ar= e posted directly to the general ledger.