| Payment Center
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Account Servicing | Investor Relations |
Client Services |
Loan
Recovery Training Section |
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| Investor Relations Credit Unions,
banks and finance companies are facing steady increases in losses due
to the usually high levels of consumers defaulting on their loans, repossessions,
and resulting charged off balances. The expenses associated with recovering
these losses have become cost prohibited for many financial institutions.
The majority of companies are eliminating departments that use to pursue
these recoveries and downsizing existing personnel. As a result, these
losses are usually only taken as an accounting ledger entry against fiscal
earnings to reduce tax liability. Thereafter, boxed stored away, and forgotten.
This has created a unique investment opportunity in purchasing these dismissed
portfolios. |
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| Commercial
Research & Recovery®, The Commercial Companies®, and CRI®
are registered trademarks of Commercial Research & Recovery, Inc.
and The Commercial Companies. |
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