Category Archives: Starting a Collection Agency

Ask questions or read comments and tips to help you start your own succesful debt collection agency.

Which clients are most profitable for collection agencies?

Many of my consulting clients as me which types of debt would be the most profitable for my collection agency.  Based on my experience agencies can be more profitable if they collect on some commercial accounts, or specialize in collecting … Continue reading

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Posted in Ask Michelle, Being a Great Collector, collection agencies, Debt Collection in the News, FAQ's, Know your Debtors, Starting a Collection Agency | Tagged | Leave a comment

Finding new Clients for your Collection Agency

Kaulkin Ginsberg & Inside ARM have started a new feature on their website called “Ask the Expert“. Ask the Experts is an interactive section where readers can ask direct questions to the experts at Kaulkin Ginsberg, the leading strategic advisors … Continue reading

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Posted in Ask Michelle, Customer Service, linkedin, Marketing, Networking, New Technology, Social Networks, Starting a Collection Agency, Training | Tagged , , , , , , | Leave a comment

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

How do I get clients for my collection agency?

Dear Michelle, I was directed to you as a result of looking for ways and steps to start my own collection agency.  I currently live in a city where there is ample opportunity to start someting like this.  I have … Continue reading

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Posted in Ask Michelle, FAQ's, Marketing, Purchasing Debt, Starting a Collection Agency | Tagged , , , , | 5 Comments

Adding Status & Credibility to our Industry

Writer’s Digest sent me a review of my Third edition of Starting a Collection Agency, how to make money collecting money and I wanted to share it with you. “If one ever had any idea about starting a collection agency, … Continue reading

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Posted in About Michelle Dunn, Being a Great Collector, Books, Compliance, Education, Fair Debt Collection Practices Act, Professional Associations, Starting 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?

I wanted to remind anyone looking for more information on starting a collection agency that I have a podcast titled Starting a Collection Agency.  It can be very helpful to you if you are just starting out and have questions, … Continue reading

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Posted in Debt Collection in the News, FAQ's, Networking, New Technology, Paying Collectors, Professional Associations, Purchasing Debt, Starting a Collection Agency, The Life of a Bill Collector, Training, Working at a Collection Agency, Working from Home | Tagged , , , | Leave a comment

Starting a collection agency, strategic planning

Having plans for your collection agency is crucial, business plans, marketing plans, financial plans and strategic planning will help you will all of this. Your strategic plan could be part of your marketing or business plan.  Having a strategic plan … Continue reading

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Starting a collection agency – education

Read as much as possible about debt collection, what is going on in the industry, new trends and anything to do with credit and debt collection.  Attend industry trade events, network locally and online, ask questions and stay up to … Continue reading

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Posted in Ask Michelle, Being a Great Collector, Books, Collection Tools, Education, FAQ's, Industry Trade Publications, Professional Associations, Starting a Collection Agency, The Life of a Bill Collector, Training, Working at a Collection Agency | Tagged , , , , , , , , | Leave a 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