Buyer Terms

Who we are

SellChargeOffs is operated by Jeffery Hartman, known as The Don of Debt (donofdebt.com). “We”, “us” and “SellChargeOffs” in these Buyer Terms mean that operator.

These Buyer Terms apply when you express interest in a listing, ask for an introduction, receive information about a debt or judgment, or accept an introduction from us. They add to our Terms of Use, and our Privacy Policy explains how we handle your information. The Service is for businesses only: you must be a business, and the person accepting these terms for it must be authorized to bind it.

1. Your licenses and compliance with law

You confirm, each time you ask for or accept an introduction, that you hold, and will keep, every license, registration and bond required to buy and collect (or have collected) each debt or judgment you pursue, in every state that applies. You will comply with all laws that apply to you, including the Fair Debt Collection Practices Act, Regulation F (12 C.F.R. part 1006), the Fair Credit Reporting Act, the Gramm-Leach-Bliley Act and its Safeguards Rule, and state collection, licensing, privacy and judgment-assignment laws.

We do not check or verify buyer licenses, and an introduction is not a recommendation or a statement by us that you hold any license. We may decline an introduction for any lawful reason.

2. Introductions only

If a seller agrees, SellChargeOffs may introduce you to the seller. You and the seller then deal directly. SellChargeOffs is not a party to any deal and does not negotiate price or terms for anyone. The seller decides whether to go ahead with any buyer, and we never rank buyers.

Judgments for Sale. Holders of judgments against registered businesses may list them on our Judgments for Sale page, shown as summary facts only. You may express interest in a listing, or tell us what you buy. Expressing interest is non-binding: it is only a signal that you want to hear more, and it is not an offer to buy. We pass your interest to the seller, and we introduce you only if the seller approves. A listing is not an offer to sell.

Nothing is binding on anyone until the seller and buyer sign a written sale agreement. We do not buy judgments and we don't hold or transfer purchase money.

3. Fees

For charge-off debt portfolios, any buyer introduction fee is set in a written introduction agreement before the introduction.

For court judgments, buyers pay nothing: expressing interest, an introduction and buying are at no charge to you. The seller pays our fee, only if the judgment sells.

We never take deposits or purchase money.

4. Non-circumvention (24 months)

This section applies only if we actually introduce you to a seller; using the Service without an introduction does not trigger it. For 24 months after we introduce you to a seller, you, your affiliates, and anyone acting for you or them will not buy, or try to buy, from that seller any portfolio or judgment the seller submitted to us, except through an introduction we make.

After an introduction, you may contact that seller directly. Before a sale is signed, you won’t contact the debtor about that debt or judgment, and you won’t try to identify a seller or debtor from information shared before a sale agreement is signed.

If you breach this section for a charge-off debt portfolio, you will pay us liquidated damages equal to the introduction fee that would have applied under your introduction agreement. If you breach it for a judgment, you will pay us liquidated damages equal to the fee the seller would have paid us on that sale, for each seller and judgment involved. You and we agree that our loss from circumvention would be hard to calculate, and that this amount is a reasonable estimate of it and not a penalty.

This section does not apply to a seller, portfolio or judgment you can show, by written records made before our introduction, that you already had a relationship with or knew about, if you tell us in writing within 5 business days after the introduction.

5. Confidentiality and the Buyer NDA

Information we or a seller give you about a debt, a judgment or a seller is confidential. You will use it only to decide whether to buy, keep it secure, share it only with your employees and advisers who need it and are bound to keep it confidential, and return or destroy it when asked. Before any account-level or identifying information is shared, you will sign the Buyer NDA. Approved buyers may then get access to our invite-only deal room. If the Buyer NDA and these terms conflict, the stricter protection applies.

6. No reliance on seller information

Information a seller shares with you through us or directly comes from the seller and is not guaranteed. We do not check all of it, and we make no promise or statement about any debt, judgment, seller or debtor, including its validity, ownership, chain of title, balance, collectability or status. You do not rely on us for any of it.

7. Your own diligence

Before you buy, you are responsible for your own diligence, with your own attorney: the court record, chain of title and assignment, satisfaction, vacatur and stays, bankruptcy, dormancy and renewal, limitation periods, collectability, the licenses you need, and the terms of your sale agreement with the seller.

8. Your indemnity

To the fullest extent permitted by law, you will defend, indemnify and hold harmless SellChargeOffs and its employees, contractors and agents from any claims, losses, liabilities, damages, fines, costs and expenses (including reasonable attorneys’ fees) arising out of or relating to: your collection or enforcement activity; any license you lacked; your breach of these terms, the Buyer NDA or any law; your dealings with any seller or debtor; or any sale agreement you sign.

9. Survival

Sections 3 to 8 continue after your use of the Service ends.

10. Contact

Questions about these terms: hello@sellchargeoffs.com.

Effective date: October 23, 2026. Version 2026-10-23.3.

Version 2026-10-23.3 (October 23, 2026): judgment listings, buyer interest and the judgment seller fee restored (sellers pay a success fee of $500 or 2–3% of the sale price, depending on size, only when the judgment sells; your exact fee is agreed in writing before your judgment is listed; listing is free and buyers pay nothing); we can’t take judgments from 24 states (Colorado, Iowa, Maryland and Wyoming added). Version 2026-10-23.2 (October 23, 2026): wording only, no change to any protection: Buyer Terms section 6 is now “No reliance on seller information”, and Buyer Terms section 4 and Terms of Use section 5 refer to information shared before a sale agreement is signed; references to listings removed (Seller Terms section 4 is now “Nothing you submit is published”); Buyer Terms say “ask for an introduction”. Version 2026-10-23.1 (October 23, 2026): introductions only (we introduce buyers and sellers, who deal directly); Seller Terms section 4 shortened, and their title shortened to “Seller Terms” (same address, /terms/sellers); Buyer Terms section 2 and summary trimmed (no listings). Version 2026-10-22.2 (October 22, 2026): judgment fee terms removed; the Seller Terms list the states we can’t take charge-off portfolios from. Version 2026-10-22.1: governing law set to Ohio; operator described as “Jeffery Hartman, known as The Don of Debt”.

Related: Terms of Use · Seller Terms · Buyer Confidentiality Agreement (NDA)

General information only, not legal advice.