Distressed debt is consumer or business debt that has not been paid that a bank or institution wants to sell-off to remove it from their financial books. After a year, it’s value goes to “pennies on the dollar” but still has a recovery value by collection agencies. Agencies work with consumers to pay-back the money and settle with them for less than owed typically. The net profit after management and collections is typically better than financial markets. We work with Phoenix Asset Group to offer individual investors to own this debt and generate income from this process.
Call us at 715-318-4653 to inquire more about how you can own and make money on distressed debt.