I can answer any specific questions anybody has but basically, I landed in the industry by chance and got good at automating the collection process. I never had the backbone to strong arm people so I played the numbers game. Technology was my advantage.
Meanwhile, all of my peers were getting rich running unlicensed agencies and lying to debtors. I was getting sued constantly for following the rules. I'd win the lawsuits but it would cost me as much as $30k to fight them.
I employed over 500 people over about 8 years, many of them stole from me, overdosed, or ended up in jail because debt collectors tend to be troubled people. I shifted my focus to building software for the debt industry and went through a startup accelerator. That's when I fell in love with software and sold my agency.
Other than that, I'll answer any specific questions.
Meanwhile, all of my peers were getting rich running unlicensed agencies and lying to debtors. I was getting sued constantly for following the rules. I'd win the lawsuits but it would cost me as much as $30k to fight them.
I employed over 500 people over about 8 years, many of them stole from me, overdosed, or ended up in jail because debt collectors tend to be troubled people. I shifted my focus to building software for the debt industry and went through a startup accelerator. That's when I fell in love with software and sold my agency.
Other than that, I'll answer any specific questions.