If you’ve read the past posts on the earnings reports of some of the biggest names in the debt buying industry, Portfolio Recovery Associates, Encore Capital Group and Asset Acceptance Capital Corp., you know that things are booming in the debt buying space.
Both Portfolio Recovery Associates and Encore Capital Group reported record earnings for the first quarter of 2011. For the year end 2010, Encore purchased 10 billion worth of debt while Portfolio Recovery Associates shattered previous milestones for cash collections, revenue and net income, setting new records.
When I see the biggest players in the field bulking up, playing bigger and bigger, and being financed to the tune of 100’s of millions of dollars by Wallstreet’s biggest banks it tells me that they are looking 3 to 5 years down the road thinking about how the loans they are buying today will be collected in the future…what a great affirmation of our business!
Anyone who has 100’s of millions of dollars to invest year after year would be considered the “smart money.” The smartest money on the street is investing BIG TIME in charged-off receivables.
Ropay Asset Investors is positioned to help you play right along side the biggest players in the industry. Don’t let this opportunity pass you by. Contact us today to find out how you can get started.