Subprime Market
Has the Subprime Market collapse effected your business? Are you changing any strategy in your business to compensate for the marketplace?
posted by CCN Admin at 6:44 AM
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Has the Subprime Market collapse effected your business? Are you changing any strategy in your business to compensate for the marketplace?
posted by CCN Admin at 6:44 AM
5 Comments:
Our 2007 numbers are off from 06. While we are having a good year the Subprime market has dropped our payments.
1:42 PM
We have seen the market continue to drop and we are not in the subprime mortgage business, just prime. The effect has been significant on our numbers.
CW in CA
9:16 PM
Our numbers have continued to drop, not sure if it is the subprime issue or not. Either way this is going to be a tough year
GF
11:48 AM
Our numbers have been lower all year, we can not blame the subprime market completely for the decline, but it has had an effect on our revenue.
Mike
12:14 PM
Our collections business has seen a huge increase in the number of calls, disputes and payments of collection accounts placed on consumer's credit reports out of our offices. What is really different is that they are having to pay off medical accounts where in the past, the consumer only had to pay off non medical. Consumers that we speak with about their collection accounts seem to be more willing to pay to keep the account off their report and they seem to be more educated as a group about their credit scores and how their credit affects their daily lives. It's about time!
7:00 AM
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