Rescession PI ???
What does the recession mean for private investigators? Well, unlike a lot of other businesses the work doesnít really just end. Instead, it changes from being mostly ďniceĒ work helping clients find missing family members and you end up doing a lot more debt collection work.
Luckily there still seems to be a lot of people willing to pay to have their lost friends and family found at the moment despite the horror stories you hear on the TV. I canít deny that Iíve seen private client work slow down a bit and debt collection work pick up.
Itís important to point out here that most of my debt collection work is for small businesses, not for the faceless corporations repossessing peopleís badly funded houses. My heart goes out to these people and the small business owner. When someone is short for cash they do not miss paying the Sky TV bill , or use the car less or not go to the movies. If they can, a lot of people would rather slide on paying the small business man. Itís like your boss turned up and said ďthanks for the work this month, Iíll get the money to youĒ and then never paid despite promising they would every time you met them. Thatís what the small business owner has to face in abundance in the recession.
I donít do the collection of the debt, most of my clients try to do that themselves or hire it out to professional debt collectors. I am very good at searching for people though.
Andy on 04.29.09 @ 04:25 PM CST [link]