How to Open a Collection Agency?

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Opening a collection agency can be a lucrative and exciting business if done properly. You must first check all state and federal laws to make sure you are in compliance and see if any licensing or other requirements exist. It's also good to establish your company's policy and plan of action you will follow. For more information look here: Opening My Own Collection Agency ezinearticles.com;
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How to Open a Collection Agency
If you are going to start a collection agency then there are steps you need to follow. You have to make sure you are in compliance with county and state regulations. It would be helpful if you have had some collection experience. With experience you can... More »
Difficulty: Moderate
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Before you consider opening a collection agency, you must have at least some experience working collections. If you have been in the business for a while, then ...
1. Obtain a surety bond. Commercial collection agencies in Florida are required by law to have a $50,000 surety bond. For those opening only a consumer collection ...
1. Obtain a surety bond. Commercial collection agencies in Florida are required by law to have a $50,000 surety bond. For those opening only a consumer collection ...
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