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 thats 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 Dunn is a 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. With this book you will: Be able to start your own business and be your own boss. Find samples of business and marketing plans. Find collection letters, flyers & promotional pieces. Have a checklist of what to do before you open your agency. Learn how to start your agency from home. Learn how to work from home with young children around. Learn how to promote your agency in a professional manner. With the economy failing the need for collection agencies is growing, help our economy and help consumers and business owners everywhere when you can help them by collecting the money that is owed to them and help people get out of debt.
In 1998, when Michelle was getting a divorce and had 2 small children, she started a collection agency from home leaving her full time job as a credit manager 6 months later. Her agency did very well and grew over the next 8 years until Michelle sold it to write full time. Michelle knew what business owners needed and had already written a couple of books that were selling well. "But it was still a huge leap", she says, "I was a single mom with two sons." I started putting together my ideas, set up a office in my home, and used the income from book sales to fund publishing more books.
That same year Michelle self published 4 books and e-books before landing her first book contract with Entrepreneur Press to write The Ultimate Credit and Collections Handbook, the check IS in the mail. She then self published a couple more business books before getting a book deal with John Wiley & Sons Publishing, for her first hardcover book, The Guide to Getting Paid, weed out bad paying customers, collect on past due balances, and avoid bad debt.
Today Michelle Dunn continues to write columns and books and presents webinars sharing how business owners can limit credit risk in this economy as well as learn how they can prevent some bad debt, and collect from past due customers. To learn more, visit www.MichelleDunn.com and www.Credit-and-Collections.com
An internationally-known expert on the topic of credit and collections Michelle Dunn is a leading authority on collecting money to businesses everywhere.
Michelle is often quoted in the Wall Street Journal and has been featured in Forbes.com, Smart Money Magazine, on CNN, MSNBC, Home Business Magazine, Entrepreneur magazine, Professional Collector, Credit & Collections Risk, the NH Business Review, and in many books and publications worldwide. Michelle has been a featured guest on (NPR) National Public Radio, the Jim Bohannon show and many other radio programs as well as being a repeat guest on television shows such as The Book Authority and Process for Profit.
