olivia4 - License up….Depending on state the costs vary.

Post a bond.

Get an office with a phone that records all phone calls.

Buy computers, printers, and scanners.

Purchase a software package engineered for the industry.

Purchase bad debt….Good luck on knowing the quality of the paper you just bought.

Hire good collectors who can get you paid and not violate the FDCPA.

frank09 - There are too many factors to take into account. So, I guess you definitely need some professional point of view. I would recommend to read about that software https://rndpoint.com/solutions/debt-collections-software-development/ first. You see, I like this team of experts and got great products as a result. Simply give them a try