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One of the biggest advantages of owning your own business is that a criminal record will not keep you out. You might find, with that type of business, you are required to post a performance bond (insurance) because of it, but that is just an additional expense.
Some loan agencies might be reluctant to work with you, until you have established a good reputation. In general, it is best to check with your local business license to make sure there aren't any local regulations you need to follow.
See this link for an excellent article on how to grow your business:
http://www.pimall.com/nais/n.repo.html
What else can I help you with?
Is it hard to start your own repo business?
Any business is hard work to open so a repo business would be hard to open as well.
How do you start a car repo business in new york?
do I need to be bonded in nystate for repo cars
How much money is needed to start a small repo business?
alot but not to to much
What is needed to start a vehicle repo business in California?
Two years work experience under a licensed repo agency within the state of California is required before starting repo business. An exam is to be taken to be a "Qualified Manager" which is required to ?æbe stationed in all branches. A CA business license is required before operation.
If a repo stays on record for 7-10 years is another 7-10 years added for a second repo or does the time start from the date of the second repo?
Each one starts from date of report to CB. Its NOT the repo report that will hurt. The JUDGEMENT will stay there longer and has more teeth.
Do you need a license to repossess cars in Alabama?
You can repo your own car but you cant start a business without a license.
What type of bond do you need in Pennsylvania to start a repo business?
To start a repo business in PA, you must be licensed and bonded by the state. The license fee is approximately $250 and the required bond it $5000. See the "Motor Vehicle Sales Finance Act" Act of 2002, no 186 for complete details.
What do you need to start a repo service in Illinois?
wanting to start a repo service in Illinois and need to know what all is needed?
What is needed to start a vehicle repo business in Illinois where would I obtain the insurance for the business?
Some useful links to Illinois' small business information: http://business.illinois.gov/ http://www.ilsmallbizadvisor.biz/ilsttemp/ http://www.illinoisbiz.biz/dceo/
To start a repo company do have to have license in North Carolina?
how do you get a repo licence in North Carolina
What is needed to start a vehicle repo business?
To start a vehicle repo business, you will need a few essential things. Firstly, obtain the necessary licenses and permits required by your state or local government. Next, secure a tow truck or a transportation method to effectively repossess vehicles. Additionally, create contracts and agreements to ensure legal compliance and establish relationships with lenders or repossession agencies that can provide you with leads.
How can you get a job at repossessing cars?
you need to contact lenders/banks to find out what their requirements are:trucks, insurance, etc. if your still interested make some calls to local guys and see if they are hiring. Unless you are trying to start your own repo company, calling lenders is not necessary. Try looking up "Repossession" in your local phone book and make some calls. Find out what the requirements are to work for them. Some states, like California, say that you have to have an individual license to do repossessions. To get that license you can't have a criminal record. It only takes a minute to make a call. Isn't that where the money is in starting your repo business?
