David Ludwig Founder of National Loan Exchange NLEX, and a Godfather of the Debt Buying Industry on Capital Club Radio
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David Ludwig Founder of National Loan Exchange NLEX, and a Godfather of the Debt Buying Industry on Capital Club Radio Michael Flock interviews David Ludwig, Founder of NLEX, a company formed to promote and broker the sale of distressed assets. In their conversation, Dave shares how he developed his business, managed it through tough economic times and is now building the NLEX of the future. Dave has taken NLEX from its start, as a post-RTC sales outlet in the 1980’s, to today, where it is the nation’s leading broker of charged-off credit card and consumer debt accounts. NLEX’s parent company conducted the industry’s first public sale of charge-offs for Bank of America in 1989. With that experience, Dave introduced selling charge-offs from financial institutions by hosting the industry’s first debt sale conference in 1994. Since then, Dave and his team have supervised sales of over 5,000 portfolios with face value of $150 billion in the US and Canada. Dave has a Bachelor of Science Degree in Economics from…