There are trade schools all over these United States, and they are filled with loans from students who had good intentions to pay back their loans, but for one reason or another just didn't get around to it. We have recently received several portfolios from technical trade schools. The personal-pay portion of the services, not covered by insurance, along with other specialty medical related services is emerging as a growth area. These, in most cases have two individuals who have signed indemnification agreements, and who are jointly liable for the payments. Always keep in mind the general guidelines for delinquent debt.
Commercial debt is that which is created as a result of one business dealing with another business.
This creates opportunities for you to offer your factoring clients more services and make money for yourself in the process. We will be writing a lot more on commercial debt, so keep you eyes open with your clients. Good opportunities in Bad Debt are everywhere. Give it a try. Larry and Marilyn Singer, DCFS, are master Brokers of Delinquent Debt and Pino Training organization training organizations visiting instructors.