How to handle a call from a collection agency-Fox News
With scores of people falling behind on debts, now’s the perfect time to start a debt collection agency, which requires little more than a phone and a computer. You’ll help retailers, hospitals, and credit card companies recover money they’re owed, and in return you’ll get a percentage of the collected debt.
Before starting, you need to fully understand the Fair Debt Collection Practices Act. Also research state and local regulations, such as licensing. Though not required, training or a degree in business or finance may add credibility to your company. Finally, realize that debt collection requires a certain amount of finesse, empathy, and resolve.
How to handle a call from a collection agency. One of the most popular consumer questions today. Our own Jeff DiMatteo, a partner in collection agency American Profit Recovery talks to Fox News about how to handle a communication from a collection agency and the dos and don'ts of resolving debt.