http://momreviews.net/2007/09/30/quick-word-from-a-sponsor/ Mon, 21 May 2012 07:11:01 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://momreviews.net/2007/09/30/quick-word-from-a-sponsor/comment-page-1/#comment-846 Jerry Huang Tue, 02 Oct 2007 13:15:15 +0000 http://momreviews.net/2007/09/30/quick-word-from-a-sponsor/#comment-846 There's some easy money to be made by buying 'good' debt cheaply. I believe you can get it for 10% or less. eg. Say someone owes the bank $200 but the bank hasn't been able to chase it up and they decide to sell this debt to a collector. The would probably sell it at $10 to $20. So if the debt collector can have a success rate of 10%+ at collecting debt then they stand to make easy money. There’s some easy money to be made by buying ‘good’ debt cheaply. I believe you can get it for 10% or less. eg. Say someone owes the bank $200 but the bank hasn’t been able to chase it up and they decide to sell this debt to a collector. The would probably sell it at $10 to $20. So if the debt collector can have a success rate of 10%+ at collecting debt then they stand to make easy money.

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