U.S. consumer debt reached an all-time high in October as Americans used their credit cards more often and borrowed more money to attend school and buy cars.
According to the Federal Reserve, U.S. consumer credit card debt is roughly $1 Trillion. With a charge-off rate of about 4% in 2012, that means the around $40 Billion dollars in consumer credit card debt was written off last year alone on top of the $200 million over the last several years.
Remember, the banks own this debt at 100 cents on the dollar so they can’t negotiate settlements with their clients. If banks routinely collected 50 cents on the dollar they’d quickly go out of business.
That’s the advantage debt buyers have over banks. Because Ropay Asset Investors owns the debt at pennies on the dollar they have ample room to negotiate a settlement that produces huge margins.
In the past this system has been used strictly by large institutional debt buying firms. Average investors have been boxed out of the market. Meanwhile companies like Encore and Portfolio Recovery Associates have been making a fortune with it.
For income investors looking to escape the low interest rate environment and growth investors looking to avoid the ups and downs of the volatile stock market, the purchase of portfolios of non-performing credit card accounts offers a stable, consistent wealth creation opportunity unlike anything you’ve had access to before.
Contact us to today and take control of your financial future!
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