American Lenders Service Company is the leading provider of collateral recovery services. We are capable of servicing and skip-tracing a lender s loan account in default regardless of the whereabouts of the collateral. We also deal with repossession, investigations, and remarketing. To qualify for a franchise you need a minimum net worth of $50,000 and at least grade 12 education. You must also have no criminal record and a clean driving record. You also need to have money management and business skills, good communication skills, a basic knowledge of the automotive industry and mechanical equipment.