Get Your Money. Call Now 321-710-3530
We are experts at collecting debt previously deemed “un-collectable debt”.
GET A FREE QUOTEDebt Collection Agencies: A Small Business Owner’s Best Friend
When you first decided to open your own small business, you took a risk. Small business ownership is a rewarding and satisfactory occupation, but it’s also a labor of love that isn’t always easy. Both starting up and maintaining a small business take a lot of money, a lot of time and a lot of effort, and those first few months are especially difficult.
That’s why it hits small businesses so much harder than large companies when customers don’t repay their debts. A customer not paying off a thousand dollar loan might not mean a lot to huge companies. After all, what’s a thousand dollars to companies like Amazon, Wal-Mart and Regions Bank? To a small business owner, though, a customer refusing to pay back a debt of even half that amount can be a powerful blow.
That’s why employing the services of a professional debt collection agency is so important.
“I Could Never Afford That!”
Oftentimes, the owners of small businesses avoid reaching out to collection agencies because they think they can’t afford to pay for their services. This is one of the biggest myths about debt collection and small businesses, and we’re here to dispel it.
Not only can small business owners afford to use a professional debt collection agency, when taking into account all that debt collection agencies can do for the businesses, they almost can’t afford not to use one.
Why Debt Collection Agencies Are Right for Your Small Business
First and foremost, hiring the services of a professional debt collection agency will give you peace of mind. It takes all the uncertainty, worry and speculation out of the collections process. As a small business owner, you’re busy. You have so much on your plate already, and it’s understandable that you don’t have the free time you need to research those debt collection methods that are most useful and would be most effective with your customers.
The time it would take you to do this type of research is time you can ill afford to lose. That time would be much better spent invested back into your business and solidifying the relationships you have with your customers. A professional debt collection agency, though, already has this information available.
Legal Issues
Trying to get someone who doesn’t want to repay a debt to actually repay that debt can be a nerve-wracking process. Trying to take this on yourself can give you anxiety and make you want to pull your own hair out. Eventually, you’ll want to try anything that can get your money repaid. However, trying to collect debts from customers in illegal ways can end up getting you in a lot of trouble and ensure you never get your money.
By using a professional debt collection agency, you can be confident that everything is being handled legally and by the book. There are so many different laws, rules and regulations governing the collection of debts, and adhering to all of those is absolutely imperative. While you may not be familiar with all these regulations, a collecting agency is. Any small business debt collector will be well-versed not only in laws concerning consumer credit but also state and federal laws involving the collection of debts.
Quick Results
While you, as a small business owner, are busy enough with all the day-to-day aspects of running your business, collection agencies have no other job than collecting your customers’ debts for you. They also understand that the longer an account sits unpaid, the less likely it is to ever be paid off, which is why they start working immediately to get you quick results.
The next time you think you can’t afford the services of a professional debt collection agency, think of all the time, money and effort you’ll be saving by turning your debt collection problems over to a small business collection agency rather than wasting your time on them yourself. When it comes to collecting debts, they truly are the best friend a small business owner can have.
Get Your Money. Call Now 321-710-3530
We are experts at collecting debt previously deemed “un-collectable debt”.
GET A FREE QUOTE