Starting a Collection Agency, how to make money collecting money, 3rd edition by Michelle Dunn

by Michelle Dunn
(New Hampshire)

Winner of the New York Book Festival and Writer’s Digest Award!

Debt Collectors are a Vital part of the American Economy – and here are the numbers to prove it. Debt collectors have a bad rap but debt collection is crucial to an efficient market economy.

Total consumer bad debt costs every adult in the US $683 every year. For the average non-supervisory worker that’s nearly 54 hours of work (before taxes) a year. Outstanding credit card debt is nearly three quarters of one trillion dollars. Total consumer debt, including home mortgages, exceeds $9 trillion.

Starting a Collection Agency, How to make money collecting money by Michelle A. Dunn – Winner of the New York Book Festival and Writer’s Digest Award. The only award-winning comprehensive book on how to start and manage a collection service. Everything from state laws to what kind of equipment you will need. Its chapters include legal requirements, licenses and regulations, where to find clients, fair debt collection practices, Fair Credit Reporting Act, skip tracing, buying debt, bad checks, and software.

With this book you will:

* Be able to start your own business and be your own boss
* Find samples of business and marketing plans
* Find collection letters, flyers & promotional pieces
* Have a checklist of what to do before you open your agency
* Learn how to start your agency from home
* Learn how to work from home with young children around
* Learn how to promote your agency in a professional manner