Robyn Bowman
Chanhassen, MN (USA)
Role(s):
Founder/Owner/Principal
Taylor Financial Group, LLC
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Startup
Location:
Chanhassen
Industry:
Finance
Year Founded:
2005
Number Employees:
1-10 people
Description:
Taylor Financial Group, LLC is a finance company that purchases Credit Card Charges offs for pennies on the dollar and refinances the bad debt to a new installment loan which shows on the consumers credit report as I1 or excellent credit. The consumer makes monthly payments to help establish a possitive credit rating and the company shows a performing asset that can be sold for 20-40 cents on the dollar. Taylor Financial Group has 5 revenue sources. The growth of the company is 20% a year. The debt purchasing industry is at an all time low. What Banks were selling in 2007 (13 cents on the dollar) is now selling for (5-6 cents on the dollar. This is the best time to get into the debt buying industry.