Evangelicals, NASCAR dads, soccer moms and Reagan Democrats have each had their day as a key voter bloc in past elections. But the coming election might see the emergence of the newest demographic that the candidates will have to vie for if they want to win…”People In Debt.”
According to consumer advocate Bill Bartmann, CEO of CFS II and our debt collection partner, “The population of Americans in debt is not only growing; it’s changing demographically. Those changes could have political implications. “In the old days, 10 [or] 20 years ago, … the people who weren’t paying their bills, we thought of them as a substrata of society. Today this demographic includes those who went to work for a living, went to school, had good jobs, bought a home and did all kinds of the right things…smart politicians will be sensitive to that.”
The CFPB estimates that 30 million Americans have debt with collection agencies, and Mr. Bartmann estimates that 20 million of those had never been in debt before. That’s a lot of people who will have the opportunity to voice their opinion on Tuesday November 6, 2012.
Regardless of who wins the coming election it’s obvious that consumer debt is a big issue. At Ropay Asset Investors we’ve partnered up with some key players in the industry who will be instrumental in bringing about positive change. We look forward to helping out thousands of good, hard working American’s who have fallen on some hard times and need our help.
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