FINALLY, YOU CAN TAKE CHARGE OF YOUR FINANCIAL FUTURE

Uncollectible credit card debt is on the rise...

American Express announced a horrific increase in 30-60-90 day late payments! Their (American Expresses) business model doesn’t plan for enough room for this amount of additional charge-off credit card debt.

Master Card and Visa are selling charged-off debt to debt buyers at a record pace.

Selling charged-off debt is a financial management tool which major credit originators have been utilizing to manage their receivables for many years. The portfolios being sold range in age from recently charged-off (deemed uncollectible by the originating creditor under their current business model) to debt which has aged for a period of time (sometimes years) without resolution.

The outstanding balances on the debts being sold can range from under $100.00 per account into the thousands of dollars. The debts being sold are usually uncollateralized (unsecured) as there is no asset immediately attached to the debt. Debt buyers purchase these debts with all right, title, and interest of the assignor to the indebtedness and therefore have the same rights as the assignor to pursue collection of the debt.

There is an innocent reason that creditors assign certain accounts for collection to other firms rather than doing it themselves. A cottage industry of collection professionals has evolved into a real collection force within the industry. Ones that specialize in the collection rather than the origination of credit card debt. It stands to reason that a person or company touting the "specialist" tag will outperform credit card companies whose specialty is establishing credit relationships with consumers.

How to choose the Proper Court in which to file your claim

Do you file your claim in Circuit court, County Court or Small Claims court? There are significant differences to each court level besides the dollar amount of the claim. Learn how to determine which court is best suited to you and your collection model.

"The training I received from the instructors at Default Investor Academy was so comprehensive; it made me feel like an industry pro in around 8 weeks. There’s so much to take-in but they break it down into small learnable segments. I loved it and would recommend their training to anyone interested in a default investment education."

Heinz Freidman, Palm Beach, Florida

Our training can teach you to become a collection specialist in just 8 weeks. Our training "The Opportunity and Profitability Presented by the Acquisition of Charged-off Credit Accounts" will introduce you to the world of charged-off debt. And once you have proven to be comfortable with the concept of charged-off credit accounts you will be introduced to topics such as;

• Where to find accounts and what discounted pricing you should expect?
• Should You Buy Judgments or Credit Accounts?
• What Areas of the Country Are Best to Purchase?
• What Areas of the Country Are Available?

"Rich’s training covers it all. We successfully purchased our first portfolio last May and currently our group is collecting over $1,300.00 per month in passive monthly payments. Within the first 6 months we each received our initial investment back and now we’re working with house money. I’m looking forward to our next purchase."

Omar Sanchez, Miami, Florida

Learn How to Fearlessly Negotiate with Debtors/ Defendants

Learn the secret behind cutting a deal that will not only make you extremely profitable but may cause the defendant to invite you over at Thanksgiving. You will learn the ultimate in win-win settlement and nothing will ever even come close again!

Learn about the Super Power behind the 1099C and the Very Best Way to use it to your advantage

A 1099C is the instrument a creditor uses to notify the IRS about a forgiven debt. When you settle an account balance of $10,000.00 for $6,500.00 the difference ($3,500.00) is considered to be forgiven debt. There is however a way to legally avoid having to use a 1099C. The only place you can learn it is here!

Among the topics covered in your training;

• When is the Best Time (and Place) to Negotiate?
• How to Restructure Debt from Unsecured to Secured Debt, Objection Free
• Collection Processes and Timelines
• When to Sue and When Not to Sue (That is the Question)
• How to be Sure to Prevail in Court
• Fair Debt Collection Practices Act Considerations
• How to work with an Attorney
• Learn which SINGLE Document will decide how you proceed
• Learn how to prepare to file a lawsuit
• What happens when a debtor/ defendant files for Bankruptcy? And what you should do.

Who Should Invest?

Real Estate Investors may benefit from the training in many ways. Students will be introduced to a different way of approaching many issues that affect all of us. The passive income could simply be the "icing on the cake" for experienced real estate investors.

Foreclosure Investors with the savvy and stomach to make a living at the foreclosure sale will appreciate the passive income to help settle accounts while waiting for their next closing. But it’s the due diligence training that I suspect will be a crowd favorite among this group. Their ability to negotiate with homeowners will put them a step ahead of the rest of the class.

Licensed Real Estate Agents will consider the passive income a blessing. With the current market hitting them in the checkbook, they have to work twice as hard to keep the money flowing. Once their files are in the system, there is very little in the way of follow-up necessary (of course depending on their personalized collection model).

Licensed Mortgage Brokers have become the target of the politicians looking to put a face on the mortgage crisis. This group will also appreciate the passive income, but I feel the stability and project-ability will hit a nerve with this group. Because credit card charge-off collection is predictable, a properly trained investor can once again promise their wife a check.

Anyone Looking For an Additional Stream of Income- Once the accounts have been put into the court system (and depending on your personalize collection model) there is very little work to be done in the form of maintenance or follow-up. So you are free to work another job with benefits or take the kids to school and softball practice.

Learn why the Pre-Trial Conference is the single most important meeting with the defendant

The court scheduled pre-trial conference is most likely the only time you will see your debtor face-to-face (that is assuming they attend, if they don’t you will receive a judgment). The pre-trial will allow you the opportunity to convince the debtor that they should take a moment to consider working out a payment plan with you.

Learn how to create an Effective and Pro-Active Post Judgment Collection Model

Don’t sit on your can waiting for your defendant to sell a home or seek additional credit somewhere. We’ll teach you how to take command with pro-active post judgment collection methodology. Shake the tree, make something happen. The law rewards pro-active collection efforts; which is why bank and wage garnishments are not subject to the order of creditors established by docketed writ of executions

Learn How to Increase the Effectiveness of your Bank Garnishments

Our training on the how’s and where’s of Bank Garnishments is worth the price of admission by itself. You’ll learn the best time to serve the writ. You’ll learn the best way to get the write issued and what to do with it. Let’s face it; there’s a right way and a wrong way to handle bank garnishments. FLAT OUT- Learn the RIGHT WAY HERE!

"Our group recently garnished a bank account and I’m sure that the trick that Rich taught us was the difference between garnishing $55.00 and garnishing the $4,670.00 that we did! Rich’s section on bank garnishments is the most insightful I’ve ever experienced. He makes you feel like you can do anything."

Rick Spalding, Opa Locka, Florida

Learn How to Create a Personalized Collection Model

Setting up your new collection business is not a task that should be taken lightly. In order to be happy in your new venture you must be comfortable with all aspects, or you will fall short of your projections. We will help you to design a collection model that fits your personality. Don’t want to speak to defendants? We’ll show you the best way to work around that. You’d love to negotiate with your defendants? We can help you to set that up too.

Learn the science behind Risk Management and File Underwriting

The best way to determine risk is to follow a veteran set of criteria that’s sole purpose is to measure your potential success and drive you towards the files that fit your model and make alternative suggestions for those accounts that stray.

Accept NO SUBSTITUTE!! Be sure your instructor has the Knowledge and Experience to get you profitable. Many years of sweat and tears make up the real true-life experiences detailed in this training. You will review the actual court files (copies) of both open and closed files.

Week-long boot camps covering HALF of the material covered in this course has sold-out at a price of $7,500.00. However, our training is available for a short time only at the deeply discounted price of $1,599.99

AND THE BEST IS YET TO COME...

SMALL GROUP PARTISIPATION

Our "Small Group Participation" program allows for graduating students to partner a real charged-off credit card portfolio with other members of their class and their instructor. That’s right! Partner with a seasoned professional as well as other investors. Everyone will put up their share of the money required for the purchase of a real charged-off portfolio and reap the benefits of the experience and the money. (Some rules apply, after graduation; please contact me RMeyer@DefaultInvestor.com  for a small group partnership agreement)

This is the ultimate in putting our money where our mouth is!!!

Not only will you be forced to experience every event a portfolio of charge-off credit cards has to offer (both good and uncomfortable). But our staff absolutely refuses to make less than 30% on an investment small group portfolio.

Once you consider all the benefits offered within the body of this work, it’s hard not to appreciate the value of our training. And remember, it’s fully guaranteed.

If you complete the training and don’t agree that it has the ability to help add additional passive streams of income directly to your bottom line; please write me for a full and complete refund.  (Once the small groups are formed there cannot be a refund of the cost of the course. Please see our small group participation guidelines for more information).

"This class has altered my bottom line forever. Our group has purchased two portfolios within our first six months. I learned about things that I never even suspected were possible. Who would have ever thought I would be garnishing wages and bank accounts? Rich has taught me how to be confident and profitable. Thanks again Rich."

Joey Griffin, Fort Lauderdale, Florida

Finally, a word from our President (and your instructor)

Hello, this is Rich Meyer.

Because I contributed to the preparation and writing of this course I can unconditionally guarantee that this course will be exciting, entertaining and thought provoking.

I promise that I will exceed your expectations both in training and profits.

Rich Meyer

This is the only course of its kind in the nation. No other training staff has prepared so long or experienced so much in an effort to bring tremendous quality to their students. There’s a lot of money in niche products and this is a niche if I ever saw one.
You will surly receive the cost of this training from the proceeds of your first small group pool or our staff will personally make up the difference.