Where would you open a Texs Office
This topic has 9 voices, contains 14 replies, and was last updated by 
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| Author | Posts |
| November 7, 2007 at 4:53 am #39763 | |
 Greg |
I am thinking of openning an office in Texas to handle some of our purchased Texas debt. If you were going to open an office in Texas, where would you open it or would you never open one there? Thanks for any replies…… Greg |
| November 7, 2007 at 7:38 am #39764 | |
 JN |
Well being that Texas is one of toughest states to collect in, I wouldn’t even have considered buying Texas accounts. You can’t garnish or take their home. Like Florida. But if you are going to open an office, I would do Dallas since that’s where a lot of financial institutions are. The further you are away from the border, the better off you are. Good luck though. Seriously. |
| November 7, 2007 at 11:28 am #39765 | |
 RickRules |
Why not just outsource that paper to an agency that is already established in Texas? It’s not as bad near the border as you may think. Debtors crossing the border from Mexico have to keep their credit paid or they can be denied entry into the states. The fear of this is good leverage. If you’re a debt buyer, it doesn’t really matter where you set up. Go cheap as you can. If you intend to pursue clients, then Sleeper’s suggestion about Dallas is a good one. Personally, I’m not a big fan of Texas debt. You don’t have to have an office in Texas to work Texas debt. -RR |
| November 7, 2007 at 12:57 pm #39766 | |
 Average Joe |
lol Rick.. I’ve heard the border talk-off used before, but certainly there’s little truth to that, eh? If you believe it to be true, please provide a reliable source, as I’d like to learn more about it. Greg, there are a ton of fine (and very successful) agencies in Texas, and elsewhere, working Texas debt.. And suggesting that you stay as far away from the border as possible is a crock of chite.. A well respected individual I know in the business was involved in doing a study of where to build a new office, and El Paso was right up there in the top (practically ON the border).. There are certainly many successful agencies in Houston, as well as in many other south Texas locations. One obviously overlooked BENEFIT to being in S. Texas is the abundance of fluent Spanish speaking collectors. If you want to collect in states bordering Mexico, you’d better staff up on Spanish speaking collectors, and in my opinion, it’s an added benefit if they came from Mexico – they can better communicate, empathize and deal with mexican debtors, of which there are plenty in those states. I buy a lot of debt in everyone’s least favorite states – California, Texas and Florida, and we have somehow managed to survive throughout the years..
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| November 7, 2007 at 11:44 pm #39767 | |
 Mattea |
Greg Mattea |
| November 8, 2007 at 6:20 am #39768 | |
 Derek |
Quote
Quote I’m in agreement with AJ on this one. We find that since most agencies have a bias against FL and TX and so those accounts don’t get worked very well. Ergo, we have good success in those states after other collectors have only made a half-hearted attempt at recovery. CA is great for us, so I have no idea why agencies would put Cali in disfavor. . |
| November 9, 2007 at 1:49 am #39769 | |
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JN |
I said to stay away from the border for safety reasons nemrods, not collection reasons. In case people haven’t taken notice, CRIME IS RISING at an alarming rate in border states. Why??? Because these illegals come over and get in the drug trade because that’s all they know how to do. They work with “mules” in Mexico to bring them their drugs to sell in the states. We all know what you’ll find around drugs and money: GUNS!!! So yes, stay away from border states if you don’t want the hassels of what gangs can bring to the area you have an office in. |
| November 9, 2007 at 3:57 am #39770 | |
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Average Joe |
sleeper – I’m sorry, but that still sounds like a crock. There’s plenty of drugs, gangs, guns and collection agencies in St. Louis, Los Angeles, New York, Chicago, you name it.. But if you’re basically suggesting that staying out of neighborhoods with lots of crime, I understand what you’re saying. I don’t think, however, that it has much to do with being “near the border”, in states that “border Mexico”, or that it has anything to do with Mexican immigrants, but that just me. lol (ps) I think more of the illegals, who “don’t know how to do anything”, end up working for slave wages on big farms and processing plants, than end up gangbanging. |
| November 9, 2007 at 4:58 am #39771 | |
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Greg |
Thanks for all the responses. We purchase a good amount of national files that include the well loved state of Texas. While liquidations on the files in general are good, our thoughts were how well could we do if we channelled all of our Texas debt to a specific owned texas office. I understand the advice of staying away from less than desireable areas, especially because it will be an office that I would be flying into to visit 3 to 4 times a month. Where do you think the best resources for staff would be located. Is El paso loaded with collection professionals or would the Dallas area be the way to go. Thanks again for all the info…… Greg |
| November 9, 2007 at 8:12 am #39772 | |
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JN |
I get a funny feeling AJ that you’ve never been to El Paso??? Or Texas for that matter??? Next time you’re around someone from Tucson, AZ, Laredo, TX, Del Rio, TX, San Antonio, TX, ask them what they think. |
| November 9, 2007 at 10:57 am #39773 | |
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Average Joe |
lo.. I’ve “driven through” El Paso, but never spent a lot of time in Texas. I will inquire, however, now that you’ve got me curious.
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| November 9, 2007 at 10:58 am #39774 | |
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Mattea |
I would guess AJ that you have not been to a Texas border town much if at all. If you are ever in one, check out the emergency rooms, local jails, streets for that matter and then tell me if you think those folks are out picking fruit. Drugs are run across those borders constantly as are people by coyotes. Greg, DFW is a hub, way easier to fly to. You might want to check and see where is easy to fly to and where is not. Mattea |
| December 4, 2007 at 2:00 pm #39775 | |
 BHA LLC |
lou dobbs would love you guys, i would actually suggest going south of the border.you’ll get bilingual hardworking people who respect their jobs for a fraction of what you pay the fat, lazy, barely one language speaking garbage you find the farther into this country you go. i,m quite sure the worst city in mexico has less murders in a year than our worst city. why doesn’t lou dobbs go to any one of the us cities aj just mentioned and do the math. |
| December 6, 2007 at 7:52 am #39776 | |
 norton |
I cant believe how some of you look at things. I lived in AZ, TX, and currently in FL. I can say that some of the views are just clouded. Tell me where you live and I can name a dozen reasons (and a few ethnicities) as too why you should not open a shop there. Do I encourage border jumping, no. I whish there were harsher punishments to keep so many from doing it. But I do not believe that they came here to embark in a life of crime. Most are just looking to support their family and have a better quality of life. As far as the question of where to open shop, it would have to be Houston or the DFW area. El Paso is not going to have a large pool of experience to choose from. Houston has 3rd party agencies, and DFW has a ton of 1st party offices. Houston would probably be the cheaper of the 2. Good luck |
| December 6, 2007 at 8:47 am #39777 | |
 TX Debt Atty |
I’d recommend San Antonio or Houston (or maybe Austin). |
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