Blog

Collection Agency Fees an Investment in the Bottom Line

 In a tough economy, many small businesses are struggling to make ends meet. With all the hard work small businesses put into making their business grow, sometimes they are unsure as to why their annual profits are not as high as projected. One major reason small businesses miss out on revenue in any given year, is a result of delinquent accounts. All too often, small businesses fail to hold customers responsible for paying up on their accounts and paying for services or products ...

Collection Agency – Perfect Partner in Debt Recovery

 Businesses, of course, need revenue to survive and continue to stay open. A company may be willing to let small debts go, but a company is not as inclined to let large debts go as easily. A business tends to have a certain threshold as to how long it will wait for payment. If a customer exceeds this limit, many companies will use a debt collection agency.Debt collection agencies may not be popular and many people refuse to deal with them altogether. Although they are not p...

How does a Global Collection Agency Collect Debts Worldwide

 Global collections agencies have a very unique way of efficiently and effectively collecting debts internationally. Most global collection agencies develop a strong business relationship with other collection agencies throughout the world. Through this business relationship, a global collection agency would negotiate an alliance with other agencies that are locally based within different countries around the world. This alliance is mutually beneficial to the collection agency tha...

Asset Tracing in Today’s Economy

 In today’s economy, more and more people are in neck deep in debt. This not only affects the debtors, but also the creditors or lenders. In fact, some businesses and companies have been struggling and going out of business due to this debilitating and troubling issue. Fortunately, the use of skip tracing tactics have now become widely accepted to help businesses track their debtors and consumers who are currently on the run or hiding from them.Skip tracing is a term used...

When Hiring Commercial Collection Agencies-Sooner Is Better

Accounts receivable is a term that denotes the amount of money a company is owed by debtors. The ability to collect on your accounts receivable is a staple of business around the world. When you can rely on your accounts receivables to be paid, you will have a business that can plan for the future and be relatively certain that they will have the cash on hand that they project.It is very important to hire a collection agency sooner rather than later. The more you delay in hiring a coll...

The Statute of Limitations on Debt Collection

​​What happens to those outstanding debts owed to your company? Are they lost forever? Often companies simply write off debt collection, without ever thinking about their debt recovery options. What is your company’s plan of action?Let us first understand what the Statute of Limitations (SOL) on past due bills actually means. The SOL is the point in time when the debt collector or creditor files a lawsuit against the debtor in question. Each state is varies in regards to t...

Suing in Small Claims Court

There are many times when small claims court judgments have to be made with regards to payments that are owed or bills that are not being paid. However, the smart thing to do is to get a collection agency involved. Collection agencies are experts at recovering upaid debts. They are able to successfully complete the process much more expeditiously and professionally. While small claims court can be thought of as a last resort, it is probably better to simply go with a collection agency to begi...

Strategies That Every Business Must Use To Recover Debt

​​Businesses should have a working knowledge of their own business debt collection process. It encourages asset possession and clearer defined practices to avoid unnecessary fines. Debt collectors need to be fast and stern when it comes to asset collection. When a debt is old, it is less likely to be repaid. States have statutes of limitations to follow; if you do not follow up on debts they can be legally absolved.A debt collector needs to mail bills at the same time each m...

Recover Your Receivables With A National Business Collection Agency

 Let’s face it, there is almost no other industry where a business needs the services of a professional collection agency more than the online, payday loan business. It is simply the nature of the beast that we deal with rapidly mounting receivables, created by defaulting customers, who think that payday lenders are ripe for the picking and online electronic loans are so easy, they just have to be free. Unfortunately for the debtor, of course, they are not and they cost online l...

Finding a Debt Collection Agency that Fits Your Business’ Needs

 The first question you may ask is, “why should my business hire a national debt collection agency for something that we can do ourselves?” The answer is very simple; the accumulation of debts over a period of time can wreak havoc on your business. Being your own debt collector is extremely time-consuming and it is much easier to hire a good national collection agency as your debt collector.If you are reluctant to hire a debt collection agency you needn’t be. They...