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How to Start a Home-Based Collection Agency

How to Start a Home-Based Collection Agency

List Price: $29.95
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Product Info Reviews

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Rating: 1 stars
Summary: Disappointed with content
Review: I found the book disappointing with very little information specific to debt collection. I was hoping for insights into the collection industry, however, the first 25 pages were devoted to a very general business plan. The Fair Information Act infomation is available online for free and the final chapter consisted of self-congratulations by the author. I wish Mr. Bills had shared his considerable knowledge of the industry in much more depth.

Rating: 5 stars
Summary: THIS BOOK WAS JUST WHAT I WAS LOOKING FOR
Review: This book was everything I wanted. It was advertised to be a "primer" which by definition means a book that covers the basic elements of a subject.

As someone in the thinking stage of starting a home based collection agency I found this book extremely helpful. I now have a resource that gives me basic information related to various state license contacts, collection software, useful links, freelance help, the Fair Debt Collection Act, sample collection / sale letters and more. This is the type of information I wanted.

Should I decide to start this type of home-based business, I will then search out additional (and more expensive) information from sources like The American Collectors Association.
If someone has an extensive hands-on debt collection experience and broad industry knowledge, this may not be the book for you. I do not have such a background and found this book to be an excellent beginners guide.

Rating: 5 stars
Summary: Truly a Comprehensive Guide to Starting a Collection Agency
Review: This is a comprehensive, step-by-step guide to starting a home based collection agency. This book takes a frugal, yet realistic approach to start up and operating costs. Everything is covered from what it takes to be a collector, business plan worksheets, marketing, legal considerations and collection strategies and approaches. Resources include a large library of sample collection letters and collection service agreements, making this a very practical guide for anyone interested in starting their own collection agency.

Rating: 5 stars
Summary: Awsome book... definately recommend it!
Review: This is truly a book for people seeking a legitimate work-at-home business... easy to understand, it answered a lot of questions. It's essential reading for anyone considering a home based business, and an inexpensive way to get a glimpse of this kind of business and what it entails!

Rating: 4 stars
Summary: Home-Based Collection Agency
Review: This step-by-step guide of a home based collection agency proved to be very interesting and a very easy reading guide to follow.
It has very good business plans, marketing tips etc. It shows you exactly what it takes to start up a business. I loved all the sample letters that can be used. I highly recommend this book to those who are wanting to do a Home Based Collection Agency.

Rating: 3 stars
Summary: Some good information, but not nearly enough
Review: While this book does cover a lot of topics related to the debt collection industry, it does not cover a single one of them in any detail. It is a very thin book that has large print.

I was hoping for some hard numbers on what kind of rates are normal for buying and selling debt different types of debt, but all I could find was that the author usually charges a 25% commission.

At $16.95 I suppose it's wasn't too much pay for a few pieces of good advice.

Rating: 3 stars
Summary: Some good information, but not nearly enough
Review: While this book does cover a lot of topics related to the debt collection industry, it does not cover a single one of them in any detail. It is a very thin book that has large print.

I was hoping for some hard numbers on what kind of rates are normal for buying and selling debt different types of debt, but all I could find was that the author usually charges a 25% commission.

At $16.95 I suppose it's wasn't too much pay for a few pieces of good advice.


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