The recession, mortage crisis, inflation and everything else actually helps these 5 busineesses to make more money than ever before. Like a vulture dying or dead victims are a great meal for them. These are Recession Proof Businesses that are seeing a boom in business.
Watching the news you would think that every business is languishing during this Recession. Not so! Here are 5 Industries that is seeing a boom in business.
1. Bail Bonds - The more that prices go up the more crime we'll see. It's one thing when you can't buy a gold chain and another when there is no food, milk, diapers...life's essentials. Speaking with the owner of the most popular bail bond company in Las Vegas she said that business is booming and that they can't keep up with it. In fact, they are going to open 6 franchises this month alone.
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2. Quick Advance Loans/Pawn Shops - When you haven't paid your bills and things are getting shut off you will do what you have to do. Many people can't get any more loans and their credit cards are maxed out. These type of businesses are seeing a boom too. Problem is once you've sold everything that has any kind of value at pennies to the dollar. What next?
3. Foreclosure Auction Companies - Traditional real estate offices like Coldwell Banker, Remax etc... are struggling. Realtors are dropping like flies and turning to other industries. This type of real estate broker is seeing an explosion in business. There are people who can buy real estate they just want to do it at a hugely discounted price.
4. Bankruptcy Attorneys / File Preparers - This industry runs counter the state of the economy. Two years ago and business was slow. Now with so many readjusted mortgages, gas prices, credit card interest rate hikes they can't keep up and turn to bankruptcy. Although this industry is red hot, many people can't afford an attorney and so are turning to file preparers where they get help filling out the papers but don't get the representation in court from an attorney.
5. Credit Card Negotiation Companies - You see the ads all the time about how they can negotiate your enormous debt down to close to nothing. Can they really do this? Haven't found it to be the case. Speaking with a mother of two who is pushed to the wall she told us that they only care about their upfront fees and percentage they get once they've "negotiated" for you. What they really did was negotiate a sweet deal for themselves from people who can't afford much.
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