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If you sell your credit card portfolio there is a very good chance that the broker will make more money from that sale than you will. In today’s market, with bid prices down and a limited set of buyers, a broker’s commission can be more than one-half of the premium available and quickly gets into the hundreds of thousands of dollars. This is not in the interests of the credit union, the credit union’s members or even the buyer of the portfolio. But the brokers love it.

Peter Westerman

Credit Union Times

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