collection agency debt settlement buck has to stop somewhere

You don't have to hold the buck anymore. collection agency debt settlement is sometimes bad luck and bad timing. Contact us today; we can change your luck!

Enron, Global Crossing, Kmart: these three companies alone probably account for more than $200 billion of debt which have gone sour. Add in others such as NTL, Marconi, Energis and a host of other technology companies at risk of default and the potential losses could be more than double that. But just who is picking up the tab?

The answer from everyone appears to be: someone else. Not us, say the banks: we have laid off our risk to the bond markets, shareholders or insurance companies. Not us, say the insurance companies: we would never write policies that exposed us to that much risk. You may think we will be the losers on collection agency debt settlement, say the bondholders, but don't you remember how many banks we held to ransom during the recession of the 1990s.

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