When should you enlist collection services? Some clients have us manage all delinquent accounts, while others opt for our expert assistance after their own efforts have failed to recover the outstanding debt.
Considering running your own collections for your business? Be aware of the complex rules of bill collection and the amount of staff time required. Penalties for unorganized or unscrupulous collections practices are common and can be extremely costly.
Did you know that once you transfer an account over to a collections agency, all of the communication to the debtor will be made through them? This relieves your business of having to deal with the hassle of collecting.
Unsure whether sending your outstanding debts to collection is the right move? Collection agencies completely understand. They can go over your existing debts and unpaid invoices with you to help you find the best solution to get as many of the debts paid as possible.
Why hire an outside collections agency for your company? Time is of the essence when it comes to attempting to collect bad debt. Studies consistently show that the more time that passes, the less successful efforts to collect debts will be.
One of the benefits of hiring a debt collection agency is the feedback available on your customers as part of the debt collection process. Agencies can identify customers who have moved frequently and have had previous delinquencies. This is important because experts say that customers who fit this profile are responsible for up to 90 percent of all delinquencies.