Hard times for debt collectors!
Even Debt Collectors Have Hit Hard Times
Excerpt:
This should be the best of times for America's debt collectors, since never has a society been so in hock. But ironically, much of the debt-collection industry is struggling because there's little cash left to squeeze from strapped consumers.
"People joke with me that my business must be great," said Mark Neeb, president of Affiliated Group, an Omaha, Neb., collection agency. "I would say the opposite is true. Our business flourishes when the consumer has money."
Comment: Wouldn't think so would you! Can't "Squeeze blood out of a turnip"
The first step to getting out of debt is to look at the grim reality of your finances. But the bitter truth is most of the people are not in a position to repay their debts...
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