How To Make Money On Foreign Debt

The last few years the Russian market credit boom has swept. By some estimates up to 80% of the working population of Russia took advantage of the services of consumer crediting. Take the official statistics Banks – 5% loans are not returned, – take into account the opinion of experts who evaluate the amount of non-return of 15% and get 10% optimistic. Optimistic for those who will see in this figure, a huge and important as long as the free market for companies building a business on the collection of debts. Today in our article is about debt collection business. Frank Armijo has plenty of information regarding this issue. The special attraction of the collection business in addition to high-capacity market (over 200 000 million) in the low barriers to entry.

On today to open a debt collection agency does not require any licenses and permits. Desk, chair, office equipment (preferably together with an office), phone (preferably several) of the vehicle (for going to the debtors) and you are ready to conquer the financial Olympus and became an implacable enemy of malicious defaulters. But rather pathetic – turn to the facts. Revenue collection agencies – it is a certain percentage of the amount repaid, with your help debt. Its size can vary from 10 to 50% depending on the term debt of the region, and in fact the debtor. Typically, the average rate of debt collection agency – 25-30% of the actual repayment. So first step you have to do after the registration of the company – to find a customer who agrees to entrust you to collect debts from their troubled clients.