F.A.Q.
Q Do you show where to purchase the debt? A Yes , there are referrences to web sites posting debt forsale also a directory of web sites and A directory of buyers and sellers .
Q Do I need alot of money to get started? A No, Southern Co, shows you that you can take $12 purchase an account @.04 cents on the dollar and make approximatley $200, depending on your collector.
Q Can I do this if I live outside of the United States? A Yes by all means, you can purchase the debt , turn it over to an agency and sit back while they collect it .
Q What type of people do you collect from? A People just like you and me, that have fallen behind on there bills due to some uncontrolled circumstance that want to get back on track.
Q Have the portfolios already been worked by collection agencies? A It depends on what you buy , I always buy zero agency this is totally up to you , but even if it has been to an agency its still good , because people want to pay off their debts and re-establish themselves at some point .
Q Why is the debt so cheap? A At the end of a fiscal year creditors are faced with the problem of what to do with their non performing accounts , they can waste more time and money and turn them over to a collection agency , or they can write them off as a loss on their taxes , most write off about ninety percent, and turn around and sell the accounts for the rest of its value, pennies on the dollar.
Q What if some one is deceased , wouldn't that be a waste of money? A Southern Co. teaches you how to make sure you get accounts that have been cleansed of deseased.
Q Why would some one want to pay off their back debts? A If a person wants to borrrow money in the future or buy a house then the creditor, nine times out of ten will request that all back debts are paid off.
Q What if a person has claimed bankruptcy? A Southern Co. teaches you how to buy accounts that have been cleansed of all bankruptcy and fraud. |