About Us | Sky Investment Group LLC
The purchase and collection of charged off debt is not a new idea. However, because of the recession and high rates of charge offs at the very large banks, there is a huge oversupply of charged off debt available for purchase. Sky Investment Group LLC is a proud member of the Better Business Bureau. The principals, Erik, Carsten, and Peter Nielsen, are the primary force and have identified a unique opportunity to capitalize on an avalanche of charged off credit card loans coming out of the major banks.
Make Money | Sky Investment Group LLC
3 In the last 12 months, 34 million people were late paying their credit card, 18 million missed payments entirely, and 58 million people admit to not always paying. 4 Charge offs (credit card debt that is removed from banks financial statement) have increased significantly:. August 2007: 4.81% ($22.6 Billion), August 2008: 6.82% ($76.0 Billion), October 2009: 10.32% ($107.0 Billion). Now apply this concept to a portfolio of hundreds, even thousands of accounts and you will get the idea. 8220;A/B” ...