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Global Debt Network is an online marketplace where financial institutions can buy and sell consumer auto loan portfolios.

Financial institutions can reduce their risk to consumer loans through Global Debt Network’s liquid and transparent secondary marketplace. Global Debt Network’s first product offering is Global Debt Network Automotive (GDNAuto). GDNAuto is a web-based marketplace where financial institutions can purchase and/or sell consumer auto loan portfolios. GDNAuto launched on June 24, 2007.

Global Debt Network’s online platform navigates buyers and sellers through the entire transaction process. The platform combines a central portfolio listing, online due diligence room, contract negotiation feature and an escrow funding account.


Source: Global Debt Network on Crunchbase

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Rocketmike72 (0)
10/01/2008
Global Debt Network is a great solution for banks, auto dealerships and other financial institutions looking for buyers of their auto loan portfolios. Great technology solution, easy to use platform and it provides instant access for sellers to reach more buyers and for buyers to find more portfolios for sale.

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