On Tue, Aug 12, 2008 at 4:26 PM, Michael Madigan <[EMAIL PROTECTED]> wrote: > I remember one guy who used to let everything roll off his shoulders. He was > a real pro at it. He would just hold the phone away from his ear until the > screaming ended, then he would continue on as if nothing happened. Then he > would hang up and have a laugh about how nasty the debtor was. He would > never yell back and never give the appearance of being the least upset. If > they hung up, he'd call them back and say "I think we got disconnected", > knowing full well that he was hung up on. He was a great collector because > in the end, he collected the most. -----------------------------------
Compensation? Depends on how much value you expect to land, and how much time you will allow before you get paid on it. You bring in an account for say 1000 new prospects a month who owe 1000. That is a big piece of potential earnings. If collector keeps 35% of collections can you get 1/4 of that? So 1000 = 350 gross profit *.25 = 87.5 Now you have to determine how long you can be expected to wait till you get your money? Will you accept on 2.5% on every account that hits the company paid as brought in? So 1000 accounts for 1000 each = 25,000 per month. I have no idea what quality of paper you are chasing. I know a couple who sues EVERY person in every dead loan jacket that they purchase for 25.00. They get judgments on old cars sold 2, 5 or 10 years ago. Not sure why a judge would grant a judgment on 10 year old debt? but this is the repo capital of the USA. -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/%(listmsgid)s ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
