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Credit Secrets Bible arrow Make Money Off Of The Debt
Make Money Off Of The Debt Others Print E-mail
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Tuesday, 03 July 2007

Making money Off Of The Debt Of Others used to pretty much require you to have your own Web site, products to sell and some marketing savvy. But a new generation of dot-coms have arisen that will pay you for what you know and who you know without you having to be a web designer or a marketing genius.


But it's hard to tell hype from the real deal. I did a search on Off Of The Debt Of Others and much of the information out there is just promoting various infoproducts, mostly about Internet marketing. I see why people sometimes ask, "Is anyone making Off Of The Debt Of Others besides Internet marketing experts?"


So I put together a list of business opportunities with legitimate companies that:



  • Pay cash, not just points towards rewards or a chance to win money

  • Don't require you to have your own Web domain or your own products

  • Don't involve any hard-selling

  • Aren't just promoting more Internet marketing

  • Give a good return on your time investment

Why am I making this information available to you? Not because I want to help you,it is because I believe the Lord helps those who help themselves and ,I believe if a person has the right tools and vehicle and applies themselves then they can achieve the same success that should be afforded to all Americans. Then the sky is the limit!! And I love telling people about this business and seeing that enthusiasm that is created on their face.

Now lets do some do some quick math. Lets say that you found some charged-off debt that you wanted to purchase. Don't worry about where I will show you, now lets say the price is .04 cents on the dollar, so you buy 8000.00 dollars worth (it's not that much money when I show you how to make it). Out of your eight thousand dollars you get $200,000.00 (that's right, count those zeros) worth of debt. The national collection average is somewhere around 35%, but we are going to go lower than that and say you collected only 27%. Take 27% X $200,000 =
$54,000.00,minus the 30% contingency fee for the collection agency you hired
, minus your initial investment of 8000.00. This makes your profit
$29,800.00 dollars off of a 8,000 dollar investment!!
And that's only
if you collect 27%! Just imagine if you collect 50% or even 75%! Like I said,
the sky is the limit!!

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Last Updated ( Tuesday, 03 July 2007 )