Debt Collection
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Pennsylvania

What are the requirements to start a collection agency in Pennsylvania?

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2008-05-06 17:22:22
2008-05-06 17:22:22

== == Contact the State in Harrisburg, and ask that question.

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This is not a question that can be answered quickly. One of the first things that a person needs to do is to determine if owning their own business is right for them. What are the traits of an Entrepeneur, and do they have those traits? The next step will be, if indeed running a business is the right move, is deciding if a debt collection is the right business. Take stock of what starting a debt collection agency entails and what it takes to run it. There are many laws to be familiar with and to be in compliance with in order to run any business and this is true for a debt collection agency as well. Additionally a debt collection agency has laws that are specific to it by state and Federal regulations. The FDCPA is an example of one such law which regulates what a debt collector can and cannot do in attempt to collect a debt. Determining the start up capital and equipment that is needed and how one will secure it is part of the procedure for launching a debt collection agency. If you need to get financing from a bank you will need to have a very good business plan detailed and ready to go. Once you have gotten this far then you need to market your agency to secure clients.

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I presume your question is in regards to a bill for tuition (and perhaps other fees) claimed by the school, and that the school has sold this debt to a collection agency. I am convinced that tuition for education/training services is unsecured debt. Of course the school can withhold certificates that were to be awarded upon satisfactory completion of the education, and may not list you as matriculated/graduated in their records until they are satisfied. As you indicate that the school has sold the debt to a collection agency, then such action to suspend the economic value of the education probably has already happened. So now you have an unsecured debt being pursued by a collection agency -- the same as all other unsecured debts being pursued by collection agencies. Apparently, you are about to learn-the-hard-way about the details of such collections. If the collection agency does not get you to make payment that is adequate for a negotiated settlement between you and them, then they might resell the debt to another collection agency that will start pursuing you again, or simply give-up pursuing you, or bring a civil suit against you.

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they get 1000,000000 a day


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