CONSUMER DEBT PORTFOLIOS
Taurus purchases portfolios of charged-off consumer debt, usually originating from credit cards, auto deficiencies, or personal loans. This debt is purchased at a discount to the outstanding principal balance, and Taurus uses a legal strategy to collect.
Investors who participate in consumer debt investments accrue interest on their investments, and receive current income from monthly or quarterly collections. Consumer debt portfolios have a “long tail”, which means that income may continue for many years after the initial investment.
Taurus, through its related entities, has been purchasing consumer debt since 1998, and is a Certified Professional Receivables Company (CPRC) and is a member of the Receivables Management Association (RMA), the Association of Collection Attorneys (ACA), as well as other industry organizations.