Why Not Get Into the Debt Buying Game Todd Gurstel In these times of tremendous financial instability and uncertainty, what is a creditors’ remedies attorney supposed to do?
My advice is to stop sitting on the sidelines and get into the debt buying game. The time has never been better. You might be surprised to see me advocating this in view of the current economic crisis, but given the right situation, I can’t think of a better place to put your investment dollars. The reasons are simple. These are investment dollars that you control unlike the kinds of dollars that you invest in third parties and companies who control your money. I watched as my 401(K) portfolio and my other stock holdings went down nearly 25% over the last three months and I was relieved it was only that much. At the same time, my debt buying company showed a 20% profit for the same time period. In addition, my law firm generated fees on all the dollars that were collected to add to my personal profit. All the while, I did not have a client telling me what my goals were, how to report my data, how to remit, when to remit, how to give statuses, when to give statuses and lowering my fees.
