Collection Agency Closure Checklist: Legal, Financial, & Operational Steps
Nexa Collect
SEPTEMBER 9, 2024
You can certainly shut down your collection agency, but it’s important to do so in a well-planned manner. Numerous collection agencies have been forced to close their doors, primarily due to the high costs associated with adhering to stringent government regulations or a lack of sufficient business to sustain operations. Shutting down a collection agency without proper planning is highly risky and can lead to significant legal complications.
Let's personalize your content