This is being brought to you courtesy of collectionagency.com. Some guy wants to become a collecting agent and I quote: I WAS JUST RELEASED FROM A MEDIUM SECURITY PRISON ON THE WEST COAST AND MET SEVERAL AGENCY OWNERS COMPLETING THEIR PRISON TIME. THERE WERE ACTUALLY TWICE AS MANY AGENCY OWNERS AS ATTORNEYS AND PLUMBERS COMBINED. DISCUSSING THE LUCRATIVE COLLECTION PROFESSION WITH MY FELLOW INMATES HAS MOTIVATED ME TO BEGIN AN AGENCY. AS THE GOVERNMENT DIDN'T FIND ALL OF MY ASSETS, I AM WELL FUNDED BUT NEED SOME HELP IN UNDERSTANDING THE IDEAL FINANCIAL STRUCTURE OF A PROFITABLE, BUT ETHICAL BUSINESS. I HAVE MADE MISTAKES BUT PAID FOR IT DEARLY AND INTEND TO CREATE A SUCESSFUL BUSINESS EMPLOYING RELEASED MINIMUM SECURITY INMATES. I AM IN DISCUSSIONS WITH A LARGE STATE TO BEGIN THE COLLECTOR TRAINING WHILE THE INMATES ARE NEARING RELEASE. WHILE I HAVE LEARNED SOME UNIQUE TECHINIGUES FROM MY CELL MATES ON SKIP-TRACING AND DUNNING, NO ONE SEEMED TO UNDERSTAND THE FINANCIAL END OF THE COLLECTION BUSINESS. "LOUIS" AND "JOSE" ACTUALLY COLLECTED DOOR TO DOOR AND SENT NO LETTERS KEEPING THEIR POSTAGE AND TELEPHONE EXPENSE AT A MINIMUM. ANY INSIGHTS WOULD BE APPRECIATED AND SOLID HELP WOULD RESULT IN COMPENSATION FOR THE PROVIDER. SPECIFICALLY I NEED TO UNDERSTAND IF I NEED TO BE LICENSED, HOW DO I PRICE ACCOUNTS FROM DEBT BUYING, WHAT FEE DO I CHARGED THE CLIENTS,HOW OFTEN SHOULD I REMIT, DO I NEED CONTRACTS, HOW DO I PAY THE SALES PEOPLE, PAY THE COLLECTORS, PAY MANAGEMENT, AND CAN I USE SOME OF THE TACTICS I LEARNED IN THE JOINT? OH,I FORGOT, WHERE DO I GET BUSINESS? WILL CLIENTS BE RELUCTANT TO USE A VENDOR STAFFED WITH EX-CONS? THANK YOU FOR YOUR HELP, ROCCO RAGUCCI
I used to work for a guy that owned a cash advance/payday loan business. He had door to door collectors. They made good money and really enjoyed their jobs. I don't think that I have to tell you what their personalities, or lack of, were like. It is scary that convicts can get your personal information like your credit reports, ss#, where you live. It is crazy!!!!!!!!!!!!!!!!!!!!!!!!!!!
Convicts or not, I think it's retarded to go collecting door to door, one day they may knock on the wrong door. It sounds dangerous.