Consumers have filed 7,923 lawsuits against collection agencies and creditors this year through August 15, a record-setting pace that easily tops the 7,169 lawsuits filed through the year-ago period. Add to this the fact that complaints against collection agencies rank second on the FTC’s 2010 list of top consumer complaints and you have an enormous opportunity for those in a position to take advantage of it.
Let me explain.
According their website, “The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.”
Right now, the collection industry is at the top of their radar. As they begin to crack down on the unscrupulous agencies, large holders of receivables will be forced to seek out reputable firms to sell their assets to. In fact, it’s already happening.
Our collection agency, CFS II, has negotiated forward flow arrangements with several key banks and is working on deals with several more including Bank of America and Wells Fargo. Our exclusive relationship with them will insure a steady flow of assets for our investors as they become the “GOTO” for banks to unload their delinquent accounts.
Right now you have a once in a lifetime opportunity to capitalize on the current economic situation and help out thousands of people in the process.
Contact us today and take control of your financial future!
Do Good and Make Money!