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 it.

Do we need to be bonded if doing B2B collections or only if a client wants it?

You will need to be bonded if the state requires it.

Do you have an example agency agreement we could use?

I have some in my book, The First book of Effective Collection Agency Letters & Forms, there may also be some available online but make sure to have it looked at by an attorney.

This entry was 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 and tagged , , , , . Bookmark the permalink.

Leave a Reply