Business volumes in Mexico14. 03. 2022
MBA Debt Collection Services has recently acquired an additional portfolio of overdue loans in Mexico from one of the international fintech market leaders. The total volume of this portfolio is 35 676 accounts, for the total amount of 304 mln. mexican pesos (14 mln. euros). The loan type is online PDL (Payday Loans) with an average debt amount of 8,5k Mexican pesos. Operational activities for collections of these cases have already started, and we are receiving the first payments.
The first overdue portfolio of online PDL was acquired in July 2021, counting more than 2 600 cases. The current efficiency of the deal mentioned above as of March 2022 already achieved a result of more than 150%. Previously, in February, MBA Debt Collection Services purchased a portfolio of overdue group loans counting more than 125 000 cases. As of the moment, more than 168 000 accounts are under our operational management of MBA Consult Group in Mexico. And we also have several more options for overdue portfolio acquiring on the Mexican market. “Our record from the past year proves our capability to score, evaluate and process collections efforts properly when it comes to these acquisitions. We will be substantially increasing our business volumes in Mexico in 2022” – said Vasiliy Nazarov, Regional Manager for Latin America MBA Consult Group