Home money making internet business opportunities.
A Superb resource for Working at home!
  26/02/2020   13:53:22 

Work At Home Online Business home ~ CATEGORIES ~ Site Map ~ this Page ~ Product Reviews ~ Free Marketing Newsletter ~ Reprint Rights for Resale ~ Private Site ~ Permission Email Marketing ~ Affiliate Program Books ~ Personal Finance Stock Trading ~ Job Training Courses ~ Christmas Gifts ~ Online Shopping Store ~ EBOOK STORES

Subscribe Newsletter
First Name

Last Name

e-Mail Address
What's New
Machine Learning Algorithms NEW! Artificial intelligence ai machine learning
A Mobile Business Ideas Andrew Reynolds Mobile Business Bootcamp
Copy This Idea FREE BOOKS Andrew Reynolds copythisidea book
Contactless Payment Cards contactless card information
SEO Link Monster Review Backlinking Made Easy!
Haemorrhoids Treatment Piles Review Holly Hayden's hemorrhoids piles solution
Smartphone Market Share Review Learn who is winning the smartphone market.
Niche Finder Review Best Keywords tool software by Brad Callen.
Yeast Infection No More Review Cure candida yeast infection holistically and naturally by Linda Allen.
Directory of eZines Review Newsletters marketing using Charlie Page directory of ezines.
Micro Niche Finder Review Niche research software tool by James J. Jones.
Lottery Method Review At last! learn how to pick lottery numbers from someone who works inside the lottery business.
Pregnancy Miracle Book Review How hopelessly infertile women get pregnant naturally.
Allergies Hay Fever Review Allergy free for life natural treatment.
Prostate Cancer Treatment Review Natural treatment for prostate cancer.
Tinnitus Miracle Review Miracle tinnitus relief treatment.
Natural Ovarian Cyst Relief Secrets Review Laura Hennings ovarian cyst program
Enounce MySpeed Review Speed Up Video to Save Time - Slow down video to learn
Penis Advantage Exercises Review The Natural Penis Enlargement ebook
Ejaculation Trainer Review Matt Gorden's ejaculation trainer ebook
A Job Sites Out of work - help looking for work.
Top 10 iPhone Downloads Compare unlimited iphone download sites.
Amazon Uk Special Offers Heavy discounted offer!
Top 10 Web Hosting Site Compare web hosting companies.
Bestselling Gifts In Pictures Revealed best selling gifts.
Christmas Gifts 2010 In Pictures Revealed the must-have top 10 or 12 toys.
2010 Top Christmas Toys In Pictures Revealed gifts for christmas present.
World Cup Final Champions 2006 - Great offers Great FiFA football world cup offers
A Money Saving Tips Never pay full price again!
The Tesco Supermarket 2 3 4 every little helps.
Paddy Power online betting shop.
Free Bets Paddy Power Bets on football and premiership leagues.
A Sports Betting Tips Gambling For Profits Online
Free Marketing Newsletter Rumour Man newsletter
About Us who we are!
Contact Us what do you think?
Guarantees give us a test?
Privacy Policy always respected
Testimonials what other people say.
Useful Links other sites
Link to Us please help us!
Resources & Articles
Product Reviews Highly Recommended
Affiliate Partner Program Affiliate Partner affiliate program
Business Mail Order Reports Business Mail Order reports
Free Business Report Free home biz report
Free Consumer Report Consumer home biz
Internet Business Opportunity About home business
Crime Prevention Stopper Crime prevention report
Bank Household Finance Reports Household bank finance reports
Hobby Lobby Store Hobby lobby report
Health Information Health information report
The MISCO Computer Products United Kingdom UK 2 3 4
Online Shopping Store - online shopping store
Personal Finance Stock Trading - Stock trading personal finance
Job Training - Job training courses
Tesco Supermarket 2 3 4 - Every little helps!
Stephen Juth's AdWords Accelerator V2 Tool
Jay Abraham's Partner in Profits.
Bill Myers's Product Review Guide
Christmas Gifts - Gifts for christmas!
Categories - Thousands of places to explore
Last Updated
A Superb Resource For Business Related to Working At Home.
Update: Sunday 8th January @ 13:55 pm

Recession Proof Business

Your Own Recession-Proof Business Collection Service

A collection agency is a business that collect bills, NSF (non Sufficient Fund) checks or debts for individuals or other businesses.

One type of collection agency merely collects funds WHEN DUE on behalf of an absentee owner or company; the other specializes in collecting overdue accounts-- those the debtors apparently do not intend to pay. The former is the easiest, but doesn't pay as well as the latter because there is less work and more competition.

The second type is the most lucrative to the entrepreneur. If you are one of those who isn't comfortable being a "nice guy" all the time, this could be it! A collection agency is a business that offers a good income with hardly any investment and minimal direct public contact.

Every locality needs a good collection agency. There are people who simply won't pay their bills unless and until they believe they must. The companies owed haven't the time, expertise or determination to collect from people who don't pay their bills when due.

Often the company person responsible for collecting overdue accounts has other responsibilities that require a sunny disposition and the customer-is-always-right attitude.

In fact, most who are appointed to this position are former clerks who are simply asked to start collecting overdue accounts. Sometimes a clerk is simply given this duty as an additional responsibility. These people seldom make good collectors.

Individual companies usually soon become frustrated and willingly turn their delinquent accounts over to a lawyer or collection agency. In either case they will then get back only a part of the original debt, if anything at all.

Their only other choice is to forget (therefore, forgive) the debt, which encourages the non-payers to continue their practices -- and perhaps even tell their friends.

Since a collection agency specializes in the collection of legitimate debts and is so much concerned with keeping a "nice guy" image, they are more successful

They have a collection plan: a series of letters and/or phone calls, each a little more demanding; they can go to small claims court, contact the district or county attorney, or forward information to credit agencies in the area.

In practice, most agencies have a varied approach, such as the initial notification by an official looking letter. This is followed in a few days by a phone call, and then a registered or certified letter referencing the first two contacts. Next, there may be a personal visit by a representative to try and "save their credit."

They learn to use every legal means of collecting delinquent accounts and usually collect at least part of most accounts. Financially, they do quite well -- their fees average about half of the money they collect. Interestingly, the collection agency receives its share first, because they do the collecting.

Potential customers are any business or individual that gives credit; the drug store, dentist, travel bureau, even bank and lawyers (very few lawyers handle collections).

Don't overlook the private sector (just be sure the debt is legitimate). Maintaining a small ad in the paper (better still, the phone book) is a good way to keep your name handy for those who discover they have overdue or "uncollectible" (to them) accounts on their books.

A quick review of the situation should tell you if the debt is legitimate and a good prospect for you. You need a signed contract for every debt. The contract authorizes you to collect the debt and to take whatever legal actions that may become necessary to do that. Your contract should make provisions for lawsuits -- that is, you will recommend when such action should be taken, but will do so only at the direction of the client (he is responsible for the cost). The written and signed contract also serves as your proof that the debt is legitimate.

The first step in starting a collection agency is consult a lawyer to learn the legal do's and don'ts in your state (this is very important).

There are federal controls and harassment laws in many (some are quite stringent) states concerning things like what time of the day calls can be made, which statements and representatives can or cannot be made legally, which information you must treat as confidential, plus any special steps a collector must take in your state to avoid being liable.

You must be aware of ALL the rules because some of those habitual delinquents are EXPERTS! While at the lawyer's office, have him recommend contract working about fees and your legal appointment as the agent for the specified debt collection, including authorization to use your best judgement in settling the debt.

Collection agencies routinely have the right to reach an agreement with the debtor for a settlement when they believe it is the best thing for the client (something is better than noting). The experienced collection agent can recognize situations where settlement is the only practical answer, and most clients understand this. In this case, the collection agent also serves as an arbitrator. A tip for the lawyer's office: It is usually cheaper for a lawyer to "look over" an existing contract than to write an original. Therefore you should write (or obtain) a contract that sounds good to you then ask the lawyer to look it over. They will still charge a fee for their time and expertise, but it is usually much lower than if they had to start from "scratch."

If you draft a contract that the lawyer edits and the fee ends up being half of what it would have been you if he (or his secretary) drafted it -- they, you and the lawyer have split the fee (you made as much as he did).

Your collection fee is usually a fixed percentage of the amount collected, the actual percentage varies with the age of the debt and the debtor's availability.

It can also be a percentage plus expenses, if they are out of the ordinary (make these arrangements in advance). Collection fees normally range from 35 to 50 percent of the amount collected, regardless of whether all the debt is collect, or if there is a settlement.. The lower percentage is for debts less than six months in arrears and the highest for those over a year overdue.

You will need an office (at least a telephone, desk and files), business cards, and advertisements in the paper and phone book (under Collections).

Have brochures that describe your service and ask interested parties to contact you for consultation at their convenience. Mail or distribute (in person whenever possible) your brochures in your area.

Arrange with the Chamber of commerce to when new businesses open, so you can stop by and meet them and leave a brochure.. Contact all local credit bureaus that are not also collection agencies and offer to work with them -- they could be a valuable referral source. Call on as many individual businesses IN PERSON As possible to explain first hand, your services and answer their questions. Always leave your card or brochure.

Later on, when you have enough business, you can hire someone on a commission basis,, to solicit accounts for your service.

If you feel some experience in this area would be good, try soliciting collection accounts for local or mail order collection agencies -- or get a job with an agency making collection calls by phone.. A few weeks of this type of experience would be equivalent to a fairly expensive school.

a variation or sideline of the collection business could be a repossession service. In fact, your contract and licenses may cover both.. Actual recover a vehicle on a commission basis; another with a truck up large appliance.

Check with banks, finance companies, furniture and appliance companies -- especially the small ones who are not likely to have their own means of repossession. It may also be possible to offer a credit referral service, but ask your lawyer first about what information you are allowed to divulge and under what circumstances in your state.

We get pretty mad when someone owes us money, but we must remember that debtors have rights too and that not all lenders are totally honest either.

Tip: Consider having your business cards printed either on Rolodex stock (fairly expensive), or getting a rolodex type cutter that you can use to notch your cards. Then, put an attention getting line,logo or color on the top of the card to attract attention. When secretaries put these cards on their Rolodex files, your card will "pop out" at them.

The major potential problem area in this business is violating the law. Most people who get behind in their payments are law-bidding citizens who are truly sorry they haven't paid. It is very easy for a collector to go beyond the law with them and they don't complain.

However,, all it takes is one to document your illegal actions and you are in trouble! For example, in some states it is illegal to dun the debtor after he officially advises the collector to stop calling or sue.

The way to avoid this problem is to follow the previous advice about checking with a good lawyer on just what is not legal in your state currently. By doing so, you can reap the benefits of a good business without suffering needless losses. The bottom line is that debtors are legally responsible to pay debts they incur and that lenders are allowed to appoint representatives to collect those debts if they are not paid in accordance with the agreement.

In most cases, the merchant who gives credit oriented to selling -- not collecting. This creates a need (opportunity) for someone willing to specialize in collecting overdue accounts. Is that you?

BUSINESS SOURCES, 781 W. Oakland Park Blvd.,Ft Lauderdale, FL 33311. Sells a "course" in debt collecting for $60, which is refund if you become one of their agents and send a minimum amount of contracts. The agents solicit collection accounts; the company does all the collecting (by long distance telephone). Caution advised with this one.

MORGAN CURTIS ASSOCIATES, 95 Broadway, Hicksville, NY 11801. Offers training to set up a collection agency.

NATIONAL BOND & COLLECTION, 150 Wells St.,Wiles-Barre, PA 18703, 717/287-6023. Wants agents to solicit accounts for their company to collect by phone.. Probably good opportunity for people in northeastern area.

METROPOLITAN FINANCE, 11298-187 W 41st St.,Kansas City, MO 64111. Wants agents to solicit accounts for collection on commission basis. Kit - $3.

QUILL CORPORATION, 100 Schelter Rd.,Lincolnshire, IL 60917-4700, 312/634-4800. Office and computer supplies.

ZPS, Box 581, Libertyville, IL 60048-2556. Business cards (raised print - low prices) and letterhead stationery. Will print your copy ready logo or design, even whole card.

WALTER DRAKE, 4119 Drake Bldg.,Colorado Springs, CO 80940. Short run business cards and stationery. No choice of color or style, but good quality.

Click here now to visit Online Shopping Store for Essential reviews of the best UK/US shops, stores and web sites featuring email rewards, discount prices, sale bargains, cheap deals, special offers and promotional coupons/vouchers. Including christmas gifts,christmas gift idea, christmas gifts for men, golf christmas gift, christmas toys, wine christmas and holiday gifts, etc...

Well sometimes, just sometimes, we all need that gentle reminder. The reminder that life is too precious to waste, and money alone without love cannot make you happy in your family and love without money will in due course lead you to misunderstanding among yourselves.

We need a little reminder to give more time to our families and friends and, just as importantly, ourselves.

"RumourMan" is that reminder. It's a little nudge, to get you remembering what's important to YOU. It's free, and it's the kind of thinking you'll find adding joy to your life.

To start receiving these precious reminders, just twice a month, enter your email address below and click on the button that says, "I deserve more!"

We may sometimes send you in-house and third-party reminders. Did you miss a previous reminder? Don't worry, you can get rumourman reminder here...

First Name:
Last Name:
Email Address:

PRIVACY POLICY: Your information will be kept confidential and will be used only by me to send you my newsletter. I assure that your privacy is respected and protected.

Product Review

Katie Blacksky's Even Gossip Girl Tweets Parenting Advice About Gossip Girls Subscription website

Teenagers and parents share gossips, gists, parent training and family relationship. a fun & laughter book.

Diaspora Bedtime Stories

Storytelling for adults women & kids children bed time!

Igbo English Dictionary

Igbo English Translation.

Nigerian English Dictionary

Nigerian English Translation.

Andre Reynolds Copy This Idea FREE BOOKS

The Sunday Times Business Bestseller COPY THIS IDEA.

Katie Blacksky's What's So Bad About Gossip Girl

Introducing Gossip Girl gossip for celebrity gossip or celeb gossip with the cw gossip girl.

Digital Product Reviews

The Good Review, Who is she?

Work At Home Online Business.com Home | About Us | Contact Us | this Page

Can't find the information here? Try our "Sponsored Links". If you have a product you would like reviewed or an article, or have other questions about the work at home online business, online home based opportunities, internet marketing tools, e-books ebook resell rights and software, please contact us at:

SamSCO Networks Limited 20 Cassiobury Road Walthamstow London E17 7JF England UK

Tel/Fax: 020 8281 8353
Mobile: 079 4741 1945

email: website: www.WorkAtHomeOnlineBusiness.com

Use of this website is governed by our Terms of Use Agreement and Privacy Policy.

Copyright 2001 - SamSCO Networks - Work At Home Online Business - home for all Internet marketing store.  All rights reserved.

Can't find it here? Try Google or MSN or Yahoo

Thank you for visiting the Work At Home Online Business Opportunity Store.

Registered in England & Wales No.4426103