How do I go about opening a collection agency?

Answer by  user71 (796)

To start a collection agency, you need debt to collect. Therefore, you would need to buy debt from a lender such as gym facilities that offer memberships paid over time.

Answer by  epglaw (553)

You will need to contact the Department of Consumer affairs or the Department of Banking to file an application for a license as the operation of a collection agency is a regulated business. You will also need to post a bond with the State in order to obtain a license.