TekCollect.com Reviews – Legit or Scam?
Tek Collect is a collections agency that employs at home workers to collect debts, rather than establishing a brick and mortar call center. This is a common type of telecommuting position, as any job that needs only a phone and a computer to complete the work is easy to do from home.
Tek Collect appears to be a third party collection agency, which means that they enter into contracts with companies to collect their debt for them for a fee.
Tek Collect has often been seen advertising on CareerBuilder, Monster, and other employment websites, as well as has placed ads in various metropolitan newspapers. Their ads ask for
“highly motivated Sales Professionals to Fast Track into Sales Management. First year earnings range from $75k to $150k. Second year earnings well into six figures. Senior Sales Managers enjoy mid to upper six-figure income.”
So is TekCollect a Scam?
Unfortunately, the hiring processes of Tek Collect definitely raise some serious warning flags. For example, their ads imply that they are searching for employees, when the truth is that Tek Collect only hires independent contractors. Independent contractors receive no benefits from their employment, and no taxes are taken out of their paychecks, as well as no payments into Social Security or retirement plans.
But this doesn’t mean that you are exempt from taxes – if you take a job as an independent contractor, you need to save your own money in order to pay your taxes out of pocket at the end of the year, because your company still reports your earnings to the IRS.
Another warning flag is that Tek Collect requires people to pay $350 for their training program, with the promise that the money will be refunded to them once they reach a particular level of closed accounts. Unfortunately, Tek Collect contractors claim that, despite what you are led to believe when you are hired, it is almost impossible to reach that level of closed accounts and therefore your money is very rarely refunded.
Now, hiring contractors instead of employees is not a scam. Many companies do it. And requiring people to be trained or even to invest money in supplies before being hired for a legitimate telecommuting position is not a scam either. However, pretending that you don’t do these things in convince employees to work for you is a serious problem.
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December 13th, 2011 at 7:42 pm
OK, my review is actually for cap360.net which I was told at the interview was part of TekCollect. They charge the same start up fee and are also all commission and claim they use the name Cap360 when doing sales but TekCollect for collections (and they make it clear that all sales, checks to employees (contractors) and marketing is done under the name Cap360). I asked about other names they operated under and was told that none existed. I was told either they have been around around 30 years or had one business relationship-I forget which one-for 30 years. Yet another website claims tekcollect was around since 1999 –soooo I am not sure how a 30 year history of any kind is possible. I tried to find different info on the BBB site but they have only been on file (under tekcollect) since 2006. There is no cap360.net info to be found. The ratings w/BBB are good (assuming it’s the same company) at B or A+ depending on which entry you pull up (they are both out of OH which is apparently the company’s HQ) I still need to contact the chiropractor’s association and Chase Bank to see if I can find out more about this relationship they have w/Tek-Collect (aka TCI, TekCollect and Cap360.net). I hate to say anything is crooked unless I know more. If anyone else has anything please post it here. I am saving this link to my favorites. Thanks.
September 19th, 2011 at 11:35 am
I work for TekCollect. Yes, I am an independent contractor. Most positions in the U.S. are this way. I love the company and the work. TekCollect helps businesses collect on the money that’s owed to them. They do this better than any agency out there. It’s a shame that TekCollect gets their image smeared because some low-skilled, inexperienced, money grabber looked at a 6 figure job on Monster and got scared by it.
TekCollect has delivered every promise they made to me…including the up front fee. There’s always a cost of doing business. By the way, that fee paid for all my sales materials including personalized business cards. Is TekCollect a scam? Absolutely not.
Betsy Smart says:
December 2nd, 2011 at 11:43 pm
p.s. Tek Collect has an A+….A+ rating with the BBB. It says right on the BBB Website they have been in business since 2001. Instead of you people blowing hot, useless steam, why dont you spend your energy actually accomplishing something worthwhile.
Betsy Smart says:
December 2nd, 2011 at 11:01 pm
It’s a shame some people dont know a good thing when they see it…you are stupid people trying to act smart. It just so happens Tek Collect is very legitimate; in fact, they are an endorsed vendor of the Pennsylvania Dental Association. If you dont believe that either, here’s the link: http://www.padental.org/Content/NavigationMenu/ResourcePrograms/EndorsedVendors/default.htm
Tom Condrasky says:
October 26th, 2011 at 8:28 am
Mark,
What part of the country do you live in?
I met with Reg Mgrs in MD; would enjoy more insight from a contractor.
Tom C.
August 1st, 2011 at 12:22 pm
There are promises that don’t add up here. Doesn’t work that way. Don’t be fooled
July 24th, 2011 at 2:30 pm
TekCollect and AmerAssist are both bait and switch companies who thrive on hoodwinking their applicants as well as their customers. TekCollect and AmerAssist is owned by the same bunch of scam artists. Don’t be fooled by their BS. Any one who believes you are going to make $3,000.00 a week when you are only selling to really small businesses is a fool and deserves to get scammed. These companies only allow you to work on small deals but when you come up with a big deal either company will either insist you allow them to handle it or fire you once you close it so you get screwed royally.