Every business struggles to deal with customers who do not pay their bills. Whether you contact them and they give you excuses or you simply cannot reach them, these customers leave your books unbalanced and cut into your profit. Hiring a commercial collection agency can help you recover these types of debt. A collection agency is similar to a detective agency, except it focuses only on recovering unpaid debts. An agency can search public records for information about a debtor. Experienced collection agency representatives know what information to look for, where to find it, and how best utilize it. An agency stays in business by making sure that unpaid debts get resolved.
Attempting to track down the person behind a delinquent account takes time and skill. You must wait until the person fills out forms, files for taxes, or registers for new utilities, for example. Moreover, it is necessary to take the time to search databases and records to locate this person. One can also contact friends and family members for more information on the person for whom you are searching. It is possible for you, as a business owner, to search yourself or ask a staff member to search, but it is so extremely more efficient to hire a collections agency.
A commercial collections agency has a staff of experienced representatives. As well as a comprehensive training program for new agents, meaning that even a freshly hired employee at a collections agency will have more resources than you will. Special laws govern how you can track down unpaid debts. Violating these laws means a debtor can take you to small claims court and win hundreds or thousands of dollars. Collection agencies know the details of these laws and how to avoid breaking them. You can save your business a substantial amount of money by using a commercial collections agency.
To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.