Debt Collectors are a Vital part of the American Economy – and here are the numbers to prove it. Debt collectors have a bad rap but debt collection is Crucial to an efficient market economy.
Total consumer bad debt costs every adult in the US $683 every year. For the average non-supervisory worker that’s nearly 54 hours of work (before taxes) a year. Outstanding credit card debt is nearly three quarters of one trillion dollars. Total consumer debt, including home mortgages, exceeds $9 trillion.
Starting a Collection Agency, How to make money collecting money by Michelle A. Dunn – Winner of the New York Book Festival and Writer’s Digest Award. The only award-winning comprehensive book on how to start and manage a collection service. Everything from state laws to what kind of equipment you will need. Its chapters include legal requirements, licenses and regulations, where to find clients, fair debt collection practices, Fair Credit Reporting Act, skip tracing, buying debt, bad checks, and software.
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posted: Feb. 19, 2014 @ 5:42p
Great for going after fatwalleters who overdosed.
posted: Feb. 19, 2014 @ 9:05p
I just hope they don't come back and charge me for this down the road....
posted: Apr. 23, 2014 @ 7:42p
Helpful Tip! Have you heard about - Azon Amazing Profits (just google it)? They do all the work and you collect the cash. Ive heard some pretty good things about it and my mom got amazing results with it.
posted: Apr. 23, 2014 @ 7:52p
Includes helpful illustrations on how to break knee caps.
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