Bulgarian Debt Portfolios

World crisis struck Bulgaria too. Small and medium businesses are struggling for survival. Unfortunately in the same moment banks  are pressing the business too, by increasing the loan interests from 10% and more. This situation,however, is welcomed by the Factoring companies. They study the debtor companies and take advantage of those which has good market reputation and past stability.

Since there are only few Factors acting in Bulgaria, the market is not well developed. There are few more Factors, which buy Debt Portfolios but they are in the grey economy. Non-bank financial institutions are not yet at the Bulgarian Factoring market, although there is a very good perspective for collectable debt portfolios.

Tags: Bulgaria, debt, factoring