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Starting a Collection Agency, how to make money collecting money (The Collecting Money Series Book 1) Kindle Edition

3.8 out of 5 stars 32 customer reviews

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Length: 202 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Editorial Reviews

Review

Dunn's self published title, How to Make Money Collecting Money, Starting a Collection Agency, is a very well laid out book in both design and content, says Writer s Digest. The text is logical and easy to follow. The samples are effective and easily understood. The flow between chapters makes it easy to follow. A good cover and a good job of selling the book on the back cover also lead to its success. --Writer's Digest

Michelle Dunn has helped to bring the collection industry to a more reputable light. Collection Agencies have taken a bad rap in the past and she has helped to dignify our industry with her integrity and knowledge. Her books are well thought out, her website is helpful and her e-mail group serves as a wealth of knowledge to our industry. --Jan Conte, President, Your Collection Solution LLC

When you think about it, your firm already has a collection agency - you just call it Accounts Payable, or Billing. With the comprehensive advice in veteran collection agent Michelle Dunn's How to Make Money Collecting Money: Starting a Collection Agency, you can turn AP into a profit center. Dunn covers everything from writing good collection letters, to the applicable laws, to skip tracing (skip tracing!). Your first clients can be companies you do accounting and tax work for; they undoubtedly have customers who haven't paid, and once they see you're doing collections, they'll never dare to pay you late. Which makes us wonder - isn't your human resources director a lot like a bounty hunter? --WebCPA, Source Media, New York

From the Author

The only book available to help you decide if starting a debt collection agency is the right business for you!

Product Details

  • File Size: 626 KB
  • Print Length: 202 pages
  • Publisher: Never Dunn Publishing Company; Third edition edition (December 26, 2010)
  • Publication Date: December 26, 2010
  • Sold by: Amazon Digital Services LLC
  • Language: English
  • ASIN: B004HD5YMA
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #696,458 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

Format: Kindle Edition Verified Purchase
This book is an invaluable resource for anyone in the debt-collection industry, particularly those that are thinking on opening a collection agency. It is full of practical recommendations and organized in a very detailed and systematic way from a list of considerations before you commit to your idea down to samples of the important documents you will need once you embark. If you are entertaining the idea of your own shop, this is a must read.
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Format: Perfect Paperback Verified Purchase
Michelle Dunn provides a very basic overview of what it takes to start a collection agency. It's a starter book - and is probably most useful for identifying areas for further research, as well as loads and loads of useful links, resources, tips and reference suggestions. After spending nearly a decade in the ARM industry, I've come to recognize just how challenging it is to stay on top of the latest trends, legislation, regulation and techniques. Some of the specific data in the third edition is already out of date, but Michelle does a nice job of identifying key sources for updates (as well as a caveat that it is all subject to change). The book is probably a bit too basic for an industry veteran, but is worth the freight as a reference and referral source.
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Format: Kindle Edition Verified Purchase
Absolute waste of money. This guy is one of the worst writers I ever saw. Writes for 9 year olds.
Comon' you're seriously expect normal people to read this book? Look what he writes on one page:
Setting up your office you will need:
office room
pens
papers
computer
desks
chairs
folders
copy machine
ink
active phone
internet
Are you serious? Do I need to read a book on 'How to become a collection agency' to learn that I need pens papers and an 'active' phone line?
What are you thinking Mr. Dunn (or Dumm) I don't think Amazon allows dirty language but trust me that I'm sitting here and cursing like a lunatic.. This book really annoyed me. Besides wasting my time and money. What a shame.
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Format: Kindle Edition Verified Purchase
Yup, it's an extremely well put together information kit for starting a collection agency. It has all the resources to get licensed in states that you want to collect in (which makes you more desirable to larger nationwide business) and has covered every area of starting a collection agency. Even if you have already started your collection agency there is information in here that you can lean on and learn from. I recommend you get this book.

After you read this book, you are going to need these books. Michelle will not lead you astray. She also has a blog on LinkedIN and is available if you need a questions answered.

Telephone Collection call Scripts & How to respond to Excuses: A Guide for Bill Collectors (Volume 13)

Understanding the Fair Debt Collection Practices Act (The Collecting Money Series)

The First book of Collection Agency Letters and Forms: Part of the Collecting Money Series (Volume 2)
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Format: Perfect Paperback Verified Purchase
Amazing!!! She is a Godsend.....I now want to buy every single book of hers, this woman knows what she's talking about. I have gone from panic to actually feel like this business is something I can add on to my current business. HIGHLY RECOMMEND!!!
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Format: Kindle Edition Verified Purchase
If you're starting this is the best way to start and get the initial basic orientations for your activity. That's a real Bible
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Format: Perfect Paperback Verified Purchase
Although I am an educated business man, and 15 yr 32d party A.R.M.pro this book was still helpful. I keep it on the bookshelf in my office, if it made it there it must be good!

Lions and Associates, LLC
[...]
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Format: Perfect Paperback
I just finished reading my 2nd book written by Michelle Dunn, Starting a Collection Agency (3rd addition). I am simply amazed at the breadth of information provided in the book for anyone interested in starting a career in private collections. From creating a marketing plan, finding customers, developing a web presence, the various laws and legal aspects of collecting, working with credit reporting agencies, sample forms and letters, hiring staff, it's all in there. She also provides potential responses to "tricks" used by people in debt to delay payment. Michelle writes very clearly and concisely and it will be obvious to the reader that she knows this subject well. This book is a must read for anyone considering opening a private collection agency, or even someone interested in buying bad debt for potential investment profit.
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