Category Archives: Licensing

Business to Business Collection Agency

Michelle, We are getting ready to roll out a B2B Collection agency and have some questions: Do we need any licensing if no consumer collections? Yes, if the state you are in or the states you are collecting in require … Continue reading

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Posted in Business Credit, collection agencies, Compliance, Fair Debt Collection Practices Act, FAQ's, Licensing, linkedin, Professional Associations, Social Networks, Starting a Collection Agency, Working at a Collection Agency | Tagged , , , , | Leave a comment

Top 5 Tips for Starting a Collection Agency

One of the newer members of my Credit & Collections Association asked the group for tips or help with starting a new collection agency.  John Fahrlender from Greenberg,Grant & Richards and a member of my association had some great tips … Continue reading

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Posted in collection agencies, Education, Fair Debt Collection Practices Act, FAQ's, Licensing, linkedin, Networking, Professional Associations, Software, Starting a Collection Agency, The Life of a Bill Collector, Working at a Collection Agency, Working from Home | Tagged , , , , , , | 1 Comment

Starting a collection agency – bonding, licensing & insurance

Research bonding, licensing and insurance for your collection agency.  If you have a copy of Starting a Collection Agency you can flip to page 142 and look up each states requirements.  I have listed the states and included the contact … Continue reading

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Posted in Ask Michelle, Compliance, FAQ's, Laws, Legislation, Licensing, Starting a Collection Agency | Tagged , , , , , , , | Leave a comment

Are you Starting a Collection Agency?

Starting a collection agency in our economy is a challenge, and everyone has questions.  I am on the phone every day with folks asking me how to start their own collection agency. For those of you with questions about opening … Continue reading

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Posted in About Michelle Dunn, Ask Michelle, Books, collection agencies, Collection Calls, Collection Letters, Collection Tools, Debt Collection in the News, Education, Fair Debt Collection Practices Act, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Heard on the Street..., Honesty & Integrity, Industry Trade Publications, Laws, Legislation, Licensing, Marketing, Online Collection Techniques, Scripts, Skip Tracing, Software, Starting a Collection Agency, The Life of a Bill Collector, Training, Working at a Collection Agency, Working from Home | Tagged , , , , , , , , , | Leave a comment

What challenges did you face when Starting your Collection Agency?

As you read this, keep in mind I started my collection agency in 1998, when some things were different such as new technology.  I get asked this question all the time so wanted to share the answers here with you. … Continue reading

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Posted in Ask Michelle, Books, Compliance, Fair Debt Collection Practices Act, FAQ's, Licensing, New Technology, Starting a Collection Agency, The Life of a Bill Collector, Working at a Collection Agency, Working from Home | Tagged , , , , , | Leave a comment

Jump Start your Collection Efforts in 2013 for FREE!

Happy new year and welcome to 2013!  As a collection professional you know how important it is to stay educated and have streamlined procedures in place in order to limit credit risk and get paid on time. I am happy … Continue reading

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Posted in Ask Michelle, Being a Great Collector, Books, Business Credit, Checking credit, Choosing a Collection Agency, Credit Policy Questions, Credit Reporting, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Laws, Licensing, Paying Collectors, Payment Plans, Telephone Collection Tactics, The Life of a Bill Collector, Training | Tagged , , , , | Leave a comment

Starting a Collection Agency Checklist Part 2

Write or hire someone to write your marketing plan and create a list of potential clients. Network with others in the industry in person and online.  Attend industry trade events, join associations, and participate in online discussion groups where you … Continue reading

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Posted in Ask Michelle, collection agencies, Compliance, FAQ's, Laws, Licensing, Marketing, Starting a Collection Agency | Tagged , , , , , , , , , , | Leave a comment

New North Dakota Licensing Requirements

According to a newsletter I recently received from Cornerstone Support, A piece of new legislation has just been signed by North Dakota Governor Jack Dalrymple (R) on April 19, 2011. H.B. 1080 makes several significant changes to the licensing, bonding, and … Continue reading

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Posted in Compliance, Debt Collection in the News, Education, Heard on the Street..., Laws, Legislation, Licensing, Starting a Collection Agency | Tagged , , , | Leave a comment

Licensing & Debt Collection Software

Hello Michelle, I am a seasoned collector and have worked for some of the top companies out there. I have small children at home and need to adjust my job so the hours fit my lifestyle.  Would I need any … Continue reading

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Posted in Ask Michelle, FAQ's, Licensing, Software, Starting a Collection Agency | Tagged , , , | 2 Comments

State Licensing to collect debts

Hi Michelle, We wanted to know if there is an easy way to go from state to state to get our license to collect in each state. I started researching this yesterday and I hit a lot of road blocks. … Continue reading

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