Do I need a 1-800 number if I plan to work out my own notes?

[Sandy Uhlmann]

I recently purchased some non-performing notes.  I was wondering if a 1-800 number was an absolute requirement or if I can just have a dedicated phone number for borrower contact?  Of course, I recognize that the 1-800 number conveys a bit more professionalism but I am just wondering if that is something I need to invest in early on in my note career or not.  If a 1-800 number is a requirement, can someone recommend a cost-effective company?

Many thanks,

Sandra