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How can I start my own business in collections? |
I would like some information on how I can start a business in collections. How do they work? I know it consists of buying debts for little money and after that you try to get the money from the debtor. Does anyone work in collections that can give me some info on how it work, and how I can get started? How do I get paid for a collection I receive? contact small businesses and offer to collect their outstanding debts for 1/2 the profit so if someone owes a business 40 dollars the business gets 20 and you get 20 Check your state laws, as well as federal, know your limits what you can and can't say or do. Have a written contract with ANYONE you do business with. |
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