How To Organize A Collection Agency

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How To Organize A Collection Agency
How To Organize A Collection Agency

Video: How To Organize A Collection Agency

Video: How To Organize A Collection Agency
Video: How to Build an Effective Collection Strategy 2024, November
Anonim

In the minds of the layman, the employees of a debt collection firm are robust men with baseball bats in their hands. In fact, the agencies involved in the provision of collection services know dozens of ways to reason with a defaulter without resorting to brute force. And helping people to pay back their debts legally, you can make very good money.

Collection agencies work with those who are not used to paying bills
Collection agencies work with those who are not used to paying bills

It is necessary

  • Certificate of registration of individual entrepreneur and current bank account
  • Standard equipped office
  • Car for "work" trips
  • Several employees, including a professional lawyer
  • Base of companies that are potential clients

Instructions

Step 1

Sit down in some kind of premises, the rent of which will not cost a lot of money. The office does not require any special equipment - only furniture, a few telephones and computers. The main tool of the employees of the collection company is inventiveness and a good knowledge of the laws, therefore, everything in your business will be decided by personnel, not technical equipment.

Step 2

Find helpers for yourself - those who, in fact, will influence forgetful debtors. First of all, it is a qualified lawyer who knows by what means it is really possible to force defaulters to pay off accounts receivable. The other employee (one or more) that you need should not have a specific qualification, but rather a suitable set of personal qualities. This person will communicate both with the debtors themselves and with people from their environment - relatives and colleagues - in order to find additional leverage and resolve the issue before a harsh law intervenes.

Step 3

Begin to actively offer your debt collection services to those who you think are most likely to need them. First of all, these are credit organizations (banks) and trading companies, although some of them have their own departments for work with accounts receivable. At the very beginning, you need to be able to declare yourself in business, and in order to get such a chance, take every opportunity and look for clients using direct selling technology.

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