Abstract: A system and method for transferring credit accounts over a network include steps and means for receiving search criteria from a user, searching a credit account database for available credit accounts based on the search criteria, providing results of the searching to the user, the results including a summary of available credit accounts and a purchase price for each available credit account, receiving a selection of at least one of the available credit accounts from the user, calculating a total purchase price for the selected at least one of the available credit accounts, receiving a purchase request from the user corresponding to the selected at least one of the available credit accounts, providing an invoice to the user for the total purchase price, receiving a payment from the user in response to the invoice; and in response to the received payment, removing the selected credit accounts from the credit account database.

Abstract: A system is provided for comprehensive debt management. Debt is typically acquired in the form of portfolios from the issuers of debit (e.g., creditors, such as credit card banks), which are referenced herein as “primary issuers” of debt. The custodian of the present invention is the acquiring party and is referenced as the “secondary issuer” of debt. Such portfolios are normally expansive and may cover a very large geographically region, such as the state of Texas. The system can parse the debt and assign any portion thereof to collection agencies or even directly to individual collectors.