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Business Debt/help me open up my own collection agency out of my own home
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MICHELE YOU HAVE BEEN A BLESSING TO COME IN TO MY LIFE TODAY. I've had my collection agency sitting there for over 10 years unactive and with out generating a penny . I worked in a few best financing companies in the world. First card , Sherman financial, OCWEN FED BANKS,LEGAL COLLECTION IN ALL STAGES. I've always been top best. I've made millions for so many companies and now I've made a final decision now that I have found you. I've been in collections for over 15 years. please let me know how i can start buying my debt blocks the least expensive way possible . I'm in medical school for massage graduating in Jan 2009. I will be in a better financial situation. But for now i want to start my own collection agency out of my top of the line dell computer and just collect in between school hours. I'm trying to find a way how i'm able to quaify for a business loanbut don't even know where to start with my x husband destroying my credit I'VE HAD UNITED CREDIT SOURCE REMOVE ALL HIS STUFF HE LEFT ME IN DEBT . I HAVE NEVER FILED FOR BANKRUPTCY FOR $3000 IN DEBTS I FEEL WHY MARK MY RECORD WHEN I CAN TRY TO ELIMINATE BUY WORKING OUT TO ELIMINATE IT SOME OTHER WAY.I'VE TRYED AND ITS BEEN IMPOSSIBLE . I REALLY NEED YOUR HELP SO I CAN BREATH WITH MONEY COMING IN WITH MY OWN COLLECTION AGENCY. PLEASE WRITE BACK AND TELL ME YOU CAN HELP THIS GOOD SINGLE MOM OF 3 THTS STRUGLING PAYING 1500 A MNTH IN RENT W/ UTILITIES ON HER OWN .THANK YOU
Teresa,
To buy blocks of debt check out Charge Off Clearing house at http://www.chargeoffclearinghouse.com/
I have some resources that will help you.
http://www.credit-and-collections.com/startup-tips.html
http://www.StartingaCollectionAgency.com
http://www.Credit-and-Collections.com/blog
My book “Starting a Collection Agency, How to make money collecting money” now in it’s 3rd edition is available at www.MichelleDunn.com and www.Amazon.com
There is a chapter titled, “Can I make any money doing this?” because so many people ask me this question, and the answer is yes. The amount depends of course on how much you put into it.
I hope this helps, please let me know if you have any questions. I started an agency from home and ran it successfully for 8 years and would be happy to answer any questions you have.
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Answers by Expert:
Michelle Dunn
Expertise
As one of the Top 5 Women in Collections, one of the Top 50 Collection Professionals, and winner of the Business Excellence award, I can answer any questions about debt, debt collection, improving business credit, creating a credit policy, enforcing a credit policy and collecting on past due accounts. I can also answer questions in regards to starting a debt collection agency since I have been a bill collector for over 24 years, started and ran my own collection agency for 8 years, and maintain my 12 year old Credit & Collections Association for members of the credit & debt collection industry. I am also the author of the popular and award winning book "Starting a Collection Agency, how to make money collecting money" now on it's 3rd edition. This book has won a the Writers Digest self published award as well as the New York Book Festival Award. I am a repeat contributor to the Wall Street Journal, and have been featured on NPR, CNN, as well as many other national radio and television programs. I have also been featured in national publications such as the Wall Street Journal, Forbes, Smart Money, MSNBC and much more. I have 17 published books to my name and am an accomplished speaker and consultant. I currently write 9 columns for newspapers, magazines and online portals worldwide.
Experience
I have over 24 years experience in debt collection, I started and ran my own collection agency for 8 years and I am the founder & owner of my Credit & Collections Association that I founded in 1998. www.credit-and-collections.com
Organizations
My Credit & Collections Association, I was also a member of the American Collectors Association and Plymouth Chamber of Commerce for 11 years. I am a member of many writing groups as well as my local Women Inspiring Women chapter. I am a member of Know More Media as an expert for their blog on business credit.
Publications
Business NH Magazine, Smart Money Magazine, MSNBC, CNN, Forbes.com, The Wall Street Journal, Home Business Magazine, Entrepreneur Magazine and website, many books, newspapers and television programs as well.
Education/Credentials
I have written 17 books in my collecting money series and one for Entrepreneur Press called the Ultimate Credit and Collections Handbook. My newest book is being published by John Wiley & Sons in May titled, The Guide to Getting Paid, how to weed out bad paying customers, collect on past due balances and avoid bad debt. This book is also being sold to many colleges as a text book.
Awards and Honors
My book Starting a Collection Agency, how to make money collecting money won an award from Writers Digest and the 2007 New York Book Festival in the "How to" category. I have won 2 awards from Dun & Bradstreet and Governor Jean Shaheen. I was nominated as one of the Top 5 Women in Collections twice as well as having been selected as one of Collection Advisor's Top 50 Collection Professionals by my peers.
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