Jump to content
House Price Crash Forum
Sign in to follow this  
Bubble Pop Electric

Investing In Bankruptcies

Recommended Posts

Although it seems morally bankrupt (sorry) to make money from other peoples misery, there are companies out there, listed on the stock market, who's business is to help people with IVAs, or pursuing debts. Considering the way things are going, perhaps it would be worthwhile investing in some of them?

Only trouble is I've forgotten the names of the companies involved - anyone got any ideas?

Share this post


Link to post
Share on other sites

Although it seems morally bankrupt (sorry) to make money from other peoples misery, there are companies out there, listed on the stock market, who's business is to help people with IVAs, or pursuing debts. Considering the way things are going, perhaps it would be worthwhile investing in some of them?

Only trouble is I've forgotten the names of the companies involved - anyone got any ideas?

It is very easy to make money in this field. Lots of people do it, including bankrupts themselves. They just go to the auctions and buy there stuff back at cut prices. Some people run businesses like this all the time.

Share this post


Link to post
Share on other sites

I already have. Sold all my BTL invested a good amount in

several debt management companies and baliffs. Watching

my money grow.

One individuals gains is anothers loss.

Share this post


Link to post
Share on other sites

These companies will be one of the few growth areas next year IMO.

I agree that Baillifs are not nice things to be supporting, however, I don't think it's morally wrong to invest in debt management companies.

OK they are making a profit where there is hardship, but for the most part these companies are offering a nicer way out to those that have irresponsably borrowed more than they should have.

Share this post


Link to post
Share on other sites

I agree it seems wrong on the face of it, but companies that help people with debt problems tend to add their charge to their outstanding debt problem, by having the customer pay by credit card, etc. In that case, it's the irresponsible lenders themselves who end up footing the bill for the irresponsible borrower to sort their life out.

There's some kind of warped justice in there - I think.

Share this post


Link to post
Share on other sites

Theres obviously Debt Free Direct , but theres also DebtMatters (DEBT) which ive gone on about in the past, they specialise in IVA's - new company (take that as good or bad) - Disclosure - I have a good few grand in DebtMatters.

Edited by theChuz

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.