Thursday, July 28, 2005

How to Profit from High Consumer Debt

As consumer debt soars, and credit card companies write off more bad debts, there may be an opportunity to profit.













You may wish to consult your stock broker about an investment in a firm involved in the purchase and collection of charged-off consumer debt.














Essentially, these firms purchase bundles of bad debts for pennies on the dollar and then attempt to recover some or all of this debt. With collections firms purchasing upwards of $1 billion in bad debt, for around $20 million, there appears to be no shortage of potential revenue for the agency making the sector an interesting and profitable enterprise.

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