According to ACA International, the main trade organization for the debt collection industry, years of negative media coverage have eroded an already horrendous reputation for the collection industry. Public outcry from leading consumer groups has basically assured massive changes are on the way. These changes are sure to ROCK the industry…in fact, it’s already happening.
According to a recent quarterly report, NCO, a leading public debt buyer and collection agency has announced its plans to exit the business because they can see the writing on wall. Their business plan, which basically consists of suing consumers, will cease to work as the new regulations come into effect. And that means their current forward flow agreements with major banks will need to move on to another collection agency.
But not just any agency.
An agency that has a business plan that will actually thrive under the new regulations. An agency that will treat its customers with the dignity and respect they deserve to ensure the banks name does not get dragged through the mud (Bank Of America learned this lesson the hard way).
Ropay Asset Investors has an established relationship with the collection agency we strongly believe will become the poster boy for how to go about collections the right way. As other agencies are forced to leave due to increasing regulation, CFS II will thrive and so will our investors.
Contact us today and find out how you can take advantage of a once in a lifetime opportunity!
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