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American Lenders Service
American Lenders Service Company is the leading provider of collateral recovery services and are capable of skip-tracing and servicing a lender’s defaulted loan account regardless of the location of the collateral. They also deal with repossession, collections, investigations, and remarketing. In order to qualify for a franchise you must have a minimum net worth of $50,000 and at least a high school degree. In addition you must have both a clean driving record and no criminal record. You also need to have business and money management skills, good communication skills, and basic knowledge of the automotive industry and mechanical equipment.
Facts & figures
$50,000 is the minimum net worth required to open a location. $50,000 is the minimum that someone opening a location should expect to invest. The high end of the total investment required to open a franchise is $313,000. Before you become an owner, you will owe the franchisor a franchise fee of $5,000. There are currently 410 American Lenders Service units in operation.
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