The business model for collection agency franchises is really very simple. The collection agency works with a variety of businesses in order to collect old debt. Each business has given the agency permission to collect on their behalf, and the agency will receive a percentage of the money collected. For many businesses, this service is extremely valuable and well worth the percentage paid to the agency.
It needs to be said that collecting debts can be tough work. Quite obviously, there is a reason most people haven?t paid their bills, and they aren?t going to be thrilled about getting calls on those debts. Whether they just don?t have the money, or they are protesting the bill in some way, a successful business in this niche is willing to work around the hurdles in order to receive payments as soon as possible. As this is a people business first and foremost, having the right people in place to take a firm but understanding approach to collections will go a long way.
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