Here’s my take on the topic of Credit Card Receivables;

Before we begin, I need to be sure we all agree about a few specific business observations.

There will be more real estate sales and refinances during 2010 than there are today.

I don’t think anyone would argue with that statement. If you feel like you want to argue with me on this point, please close out my website and find something else to do. If on the other hand you feel the same way as I do, please continue.

The majority of Americans are feeling the current recession in some way, shape or form.

Whether it’s in the form of layoffs, the higher cost of nonexistent credit, public services being reduced or a reduced income being asked to cover more essentials, we are tight. Like most Americans when I’m tight my obligations (bills) must be prioritized. Invariably, some bills will have to wait 30 sometimes 60 or 90 days to be addressed.

From the perspective of a business owner (specifically credit issuers like Visa), have less dollars to throw at less collectors to try and encourage a customer to pay. They also have lees options available to them before they must move the account off their books.

My point here is that credit card receivables are available at such tremendous values now that serious default investors are forced to examine this option.

From the HUGE potential returns to the abundance of available product, this opportunity will produce high returns and unimaginable IRR’s.

I know that when our economy makes a turn for the better, (and you know it will) I want my judgments being paid off by what promises to be a steady flow of real estate sales and refinances.

These credit card receivable accounts are available to be purchased in any City, State or zip code (that’s right zip code!) for prices (depending on your State and the type of paper being purchased, among other considerations) in the single digits. That’s right, you can purchase accounts for less than .10 on the dollar!

Please go over to the products page Credit Card Receivables for a more complete description of the opportunities presented by credit card receivables.