6 Debt Collection Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Debt Collection Business

Here are some real life success stories of starting a debt collection business:

1. Fair Capital ($960K/year)

Avi Grunwald, founder and CEO of Fair Capital, started the company in 2017 to address the significant problem of unpaid invoices that many businesses face. Through his research, Avi realized that the debt collection industry had a bad reputation and many businesses were hesitant to hire a collection agency. Determined to make debt collection efficient and positive, Avi assembled a unique team of industry professionals and newcomers to create a culture of mediation between creditors and debtors. With their proven debt collection strategy, Fair Capital has achieved a success rate 52% higher than the industry average, as reported by ACA International.

How much they make: $960K/year
Current team size: 0

How An Industry Outsider Started An $80K/Month Debt Collection Business

A debt collection agency's founder and CEO speaks on addressing the debts of businesses efficiently and positively, attributing its 52% collection success rate increase to a three-phase collection process.

About

Avi started Fair Capital over 6 years ago

Revenue

Avi grew the business to $80K/month

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Learn more about starting a debt collection business:

Where to start?

-> How much does it cost to start a debt collection business?
-> Pros and cons of a debt collection business

Need inspiration?

-> Examples of established debt collection business
-> Debt collection business slogans

Other resources

Part of

Starting A Debt Collection Business: Everything You Need To Know

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4. Collection Attorney USA

Where they're located: Oxnard, California, United States

5. eCollect

eCollect is a leading debt collection agency in Australia with highly experienced debt collectors, account managers and lawyers. Our debt collection agency has a 'No Collection No Fee' policy

6. Frontline Collections

No1 DEBT COLLECTION AGENCY. Professional UK DEBT COLLECTORS, Experts in Private Debt Collection for Individuals and Business. FAST TRACK Same day action