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Home » Businesses For Sale » Other Finance & Insurance Businesses » St. Louis » Listing BFS-166601

Debt Settlement: Great Opportunity in Bad Economy!

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Location

  • City St. Louis
  • State Missouri
  • CountryUnited States

Relocatable

Financials

  • Asking Price
  • Sales
  • Profits
  • Profit Type
  • Fiscal Year

Deal Terms

  • Business Is A Franchise?
  • Finders Fee Payable by Buyer?
  • Seller Financing Available?
  • Principals Only?
  • Management Will Stay?

This company represents individual clients who have unsecured debt which they can't pay. They negotiate with their clients' creditors, mostly large banks and credit card companies, and they are able to save their clients between 30% and 80% of what they owe. This can be the most practical way for individuals who are in over their heads to avoid bankruptcy and settle their debts fully and legally. Company collects fees from clients amounting to 25% of the amount that they are able to get forgiven by the creditors. Customer leads are attracted by Internet advertising including search engine optimization, and communicate by fax, email and US mail so there is no need for them to visit the office. For this reason, this business is locatable anywhere. In this listing, "Inventory" refers to clients' funds that have been deposted with the company for the purpose of settling debts. Approximately $150,000 in clients' funds (to be adjusted to actual amount at closing) are included with the sale.

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