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The Hanover Group LLC.15456 Ventura Blvd. Suite 202, Sherman Oaks, CA 91403
Phone: 866 240 0427 Fax: 818 501 9283
http://www.hanovergroupllc.com |
The alarming escalation of consumer debt in America is not a 21st century phenomena. Its meteoric climb has been a slow but sure consequence of a carefree consumer attitude bolstered by a healthy and robust economy. The attitude "Live for today, for we may be gone tomorrow," together with an opportunistic economy, plentiful jobs, fortunes being made over night and America, in a boom era emphasized by a "techno-revolution, while positive, are now some of the facets that have attributed to the trillions of dollars in consumer debt in our great country.
The distressed financial portfolio business has become a multibillion dollar industry. Driven initially by the forced liquidation of billions of dollars worth of assets by governmental regulators, changing government regulations, increased loan defaults and record bankruptcies, the nations banking and financial services industry has undergone a massive consolidation and restructuring process over the last decade. Lenders are beginning to sell their delinquent and charged-off receivables in process similar to discount factoring. This market is now a significant source of income to agencies such as the FDIC and to private financial institutions.
We at the Hanover Group believe that experienced management is essential. Accordingly, we have established an advisory board consisting of individuals who have substantial experience in business, real estate, legal services and other related industries.
If you are in the debt business or are interested in getting more information on The Hanover Group LLC please feel free to contact us.
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For more information call
The Hanover Group LLC.
866 240 0427
or click here to email. |
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