Your business: how to open a collection agency

Until recently, collection activities in Russia did not have legal regulation, but since July 2014, everything has changed. Now the rights and obligations of collectors, as well as debtors, are precisely spelled out in the law. Moreover, now the agency for the collection of problem debts has the right to exist – previously, all such companies acted “semi-legal”. However, the opening of a collection agency is not only difficult in legal matters, but also in matters of organization, because the risks of such an undertaking are very high. Continue reading →