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As an extremely successful business woman, business owner and author on business, I can answer questions about starting a collection agency, running a business, business debt, credit and debt as well as selling a business in the U.S.
I have been in the credit & debt collection industry for over 21 years, I started my own collection agency and ran it successfully for 8 years before I sold it to write business books full time and to run my Credit & Collections Association full time.
I was named one of the Top 5 Women in Collections, one of the Top 50 Collection Professionals for 2007, I have won a Business Excellence Award from the NH Business Review, my books have won awards from Writer's Digest as well as winning first place in the 2007 New York Book Festival. I have been nominated for the Inc.com Entrepreneur of the year award for 2007, and have many other awards and credentials to my name.
How tough it is to start a collection agency, there is more to know than people are aware.
Debt collection is still a predominately male dominated field.
Juan, Once you file for periodic payments, you will get a court date, at which the judge will order the amount of the periodic payments. The court then gives the defendant 30 days to begin making those
Dear Juan, If you have a judgment, you can go back to the court and file for periodic payments if no payments are being made. You state that this attorney you have the judgment against has assets, and
Mindy, It is totally up to you how you want to form your business. Look into the benefits of sole prop. & LLC and then make a decision based on that and your specific needs for your business. You would
Brian, You are correct. If you have an accountant they can set that up for you or you can do it yourself. You should first open a business bank account and write yourself and your wife a paycheck each
If you have a partner that you are starting this business with, you may want to start it as a partnership. Talk to the other person and decide if that is how you would like to form your business. Look
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