Sometimes, bills don?t get paid. For a business, uncollected debts are a major problem, and they can lead to significant financial distress if they are not resolved. With that said, many businesses don?t have the time or ability to chase down payment on their unpaid invoices. To fill that gap, collection agency franchises offer businesses a hands-off way to recover these missing funds. If you are considering opening your own debt collection franchise, review the listings below and see if any of these options are a good fit.
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35k Min. Cash Required
Found 26 franchises
Additional Information
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.
Not for the Timid
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.
Franchise Clique is focused on presenting our visitors with the best franchise options on the market today. Attaching yourself to a great brand right from the start is one of the best things you can do when trying to build a thriving business. Good luck!