2007-04-07 17:58:05 · 3 answers · asked by bdiym1 3 in Business & Finance ➔ Personal Finance
I agree with the other two posters.
You need to find out about bonding and licensing requirements in your state.
You should also read your states statutes to learn what consists of a legal and an illegal repo.
If you repo illegally, according to your states statutes, you would place yourself at risk to be sued. You would also place the company that you are doing the repo for at risk to not only be sued but also to lose the right to collect "any" deficiency on the repo.
Many people are starting to learn that they have rights, and they are starting to use them.
One or two illegal repos, not only will your pocketbook be hurting from the law suits, but the companies will probably stop hiring you (and may go after you for their losses that you caused).
It's a risky business, not only monetarily, but health wise also.
2007-04-07 21:30:57 · answer #1 · answered by echo 7 · 0⤊ 0⤋
The best place to start when going into any business is the SBA-Small Business Administration in your area they have book after book on how to start just about any business and the books are full of resources. They also offer a team of retired executives called "SCORE" who will sit down with you one and one and discuss your plans and give you advice. Also check your local library. (I don't know why you picked the repo business) but they have many options available you may find something else that interest you even more. SBA can help with every aspect of your business ex. business plans, loans etc etc but uhh???Repo business??? uhhh I don't know....
2007-04-08 01:10:14 · answer #2 · answered by Butterfly 1 · 0⤊ 0⤋
Not hard to find a job in this business. But, you have to enjoy a certain ruthless view of the world to feel good in one of these positions. If you think it's for you, call a company directly and ask for a job.
2007-04-08 01:06:08 · answer #3 · answered by Still reading 6 · 0⤊ 0⤋