Abstract: A method of evaluating and acquiring charged-off debt portfolios that includes providing a seller with an assessment mechanism for the debt portfolio, receiving from the seller a proposed price and debt account information for the debt portfolio based on the use of the assessment mechanism, and determining whether to acquire the debt portfolio based on the use of the assessment mechanism. The method may include a computer implemented method of assessing a portfolio of debt accounts using an assessment mechanism that includes collecting debt account information, storing the debt account information in an account record, creating a debt portfolio, and valuating the debt portfolio.