Consumer Receivable Portfolio Buying!!!

During the past couple years of economic downturn banks, telecom corporations, credit card companies and similar organizations are facing a major problem of defaulting customers. People who have been laid off or lost jobs due to other reasons are just now willing and able to pay off their debts to the lenders and service providers. This is creating a financial crunch in the market. In order to bail the banks and organizations out of this crises, companies such as Cavalry Portfolio Services have stepped in and purchased these receivable portfolios.

The clients include banks, credit card issuers, telecommunication companies, consumer lending firms, and automobile finance companies. The creditors are finding it so easy now to concentrate on their core business and not worry about this receivables and collections. This has actually given rise to a Cavalry Portfolio Services Fan page where companies and individuals are happy to be bailed out. Who will not be happy to get the monies that are owed to them? This company has actually done a big favor to companies who would otherwise have been in deep financial trouble due to un-recovered receivables.

You can find Cavalry Portfolio Services on Linkedin to learn more about their services in credit collections and how they manage their portfolios and how individuals and creditor companies can benefit from their services. In this economy every dollar earned is two saved and it is better to collect debts and get cash rich than chase after new business opportunities.

Debt Consolidation Advice

With the economy going on a downward spiral and unemployment at its peak, more and more people are being overwhelmed by debts of various kinds. Home mortgage, car payments, credit card debts and other loans are literally sapping people of all their energies. When such a situation occurs there will be unscrupulous elements which try to take advantage of innocent people by offering consultancy and other services to get them out of debt. These companies even offer to modify loans, which is quite a careless claim.

In these circumstances it is very important that one deals only with reputed incorporated companies and get their help in debt consolidation. There are non-profits too which are helping people get out of debts in their own way. If one goes through an unscrupulous financial service company, he/ she may end up in a greater muddle.

Keeping this situation in mind DCC a Debt Consolidation Loan provider has decided to help people and make them aware of the crooks in the business. DCC has produced a new, free video guide on the procedure for loan modification by yourself. This video clearly details a step by step process on how to do it and the pitfalls one might end up falling into if not careful. The video also tells users how to identify reputable companies for debt consolidation and also informs us about several good non-profit organizations which are working in this direction.

Loan Modification Explained - Good Information from Tom Eichas on Vimeo.