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American Lenders Service

Franchise

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

Net worth required
$50,000
Investment
$50,000 - $313,000
Franchise fee
$5,000
Units in operation
410

Overview

New American Lenders Service franchisees need to have at least a $50,000 net worth. The lowest you can expect to invest is $50,000 if you want to become a franchisee. The high end of the total investment required to open a franchise is $313,000. New franchisees pay American Lenders Service a franchise fee of $5,000. Today, the location count for this franchise has reached 410.

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