This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TBF Financial Announces Its Best Six Months In History

DEERFIELD, Ill., Feb.  4, 2013 /PRNewswire/ --  TBF Financial reported gaining six major business opportunities recently from companies committed to selling charge-offs in the first half of 2013,  a far greater number than ever before in the 15-year history of the company, said Brett Boehm, principal of TBF.  In fact, the company reported that the last six months were their strongest ever with purchases of more than $70 million in charged-off leases and written-off loans, compared to $30 million recorded for the same time period in 2011.

This increase is attributed to greater awareness in the industry about the ease of selling charge-offs and to current economic conditions, according to Boehm.  He said the companies that are selling are seeking ways to accelerate revenue early in the year while typically most of TBF's business would come at the end of a year to "clean" the books.

Boehm said the total amount of business at TBF represents charge-offs from a variety of financial institutions, not just lessors, but also banks and other types of financial services companies. Companies can easily get an idea of how their portfolios are valued by visiting the online entry form that TBF provides at

The equipment leasing and finance service provider has become more active in the Equipment Leasing and Finance Association, and Boehm said his company has been streamlining the process to make selling charge-offs easier for its customers. For example, he said the company can accept charge-offs that date back four years, and this is easier for finance companies to compile because they are using better systems than when TBF first introduced this concept to the industry.

While many of TBF's clients are portfolio and risk managers of Monitor 100 type of companies, TBF is also gaining business from the leaders of mid-size companies and brokers. TBF recently joined both the National Equipment Finance Association and the National Association of Equipment Leasing Brokers to better understand the interests of the members of these smaller, yet similar, trade groups.


Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs