Due to the high cost of internal recoveries and ever increasing legislation, banks and other top financial institutions opt to sell their receivables to companies like HFO because this allows them to enhance capital utilization and significantly reduce operating overheads.
HFO is therefore able to benefit from the sellers' inability or unwillingness to liquidate their debt portfolios.
The prices paid for these portfolios is determined by how long it will take to collect (i.e. cashflow velocity) and how much will ultimately be collected (i.e. the cash on cash return), a skill in which HFO Group Ltd. has 25 years of experience.
HFO purchases a wide variety of receivable portfolios, the most common types being bank credit card and personal loan debt. However we have made purchases of portfolios which include utility & telecom, auto loans and mortgage residuals receivables.
HFO is currently expanding HFO Services India to further our leadership into one of the fastest, most dynamic and profitable sectors of the financial investment industry. Having established our Indian HQ in Gurgaon we are now looking to expand our footprint across India and the rest of the world.
