Hiring A Commercial Collection Agency Sooner Than Later

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Hiring A Commercial Collection Agency Sooner Than Later

 

Unpaid Accounts Receivable has become a big problem in the business world for companies small and large alike. Some companies have as much as $1 million dollars worth of unpaid receivables per month that are hanging in the balance, with the average of those payments not received for 25 days after the invoice was sent out. Companies having between $60,000 and $100,000 worth of receivables 90 days past due is not uncommon.

 

Businesses who want to improve their bottom line profitability and maintain an adequate cash flow should consider a comprehensive overview of their Accounts Receivable program

including having a reputable collection on the ready to handle their problem accounts.Before accounts are referred to a commercial collection agency however, the company should do everything in its power to avoid accounts receivable problems in the first place.

 

  1. Consider a deposit policy for companies that don’t have pristine credit. Don’t Be defeatist. You will not lose that many sales if you require a deposit.

 

  1. Make sure all your salespeople emphasise your terms while doing their sales pitch.

 

  1. make sure your invoices are sent out in plenty of time to be paid and that they are accurate.

 

  1. Consider offering a 1 or 2 percent discount for early payment within 10 days.

 

Finally, have the courage to do away with bad clients. Clients that are consistently or even every two or three months late on paying their invoices are not the best clients to have.

 

However, no matter how good your business procedures are, we all know that a small percentage of clients will not, or from their point of few, cannot pay. Establish a maximum amount of time an invoice can go without being paid, say 45 days, and then religiously turn them over to a commercial collection agency. The time to take action is sooner, rather than later.

 

Your employees have better things to do than try to collect on debts. It takes time and resources, both of which can be costly.

 

Our collection agency, Collection Agency Service offers a singular advantage over most commercial collection agencies.

 

We charge a simple, flat fee to advocate for you, rather than to charge high percentage fees.

 

We operate in that manner because not only do you get to keep more of your overdue accounts receivables when they are finally paid, but because we are experts in collection with a proven track record, and we are confident we will be successful in collecting your debt.

 

Another element that makes Collection Agency Service is professionalism. Many businesses suffer in their accounts receivable department because they shudder at the thought that their overdue accounts would be sent to a “strong-arm collection agency” and ruin their reputation.

 

Collection Agency Service hires only industry professionals that while emphasizing the need to pay their debts, will treat your account holders with respect and integrity. Many of your account holders may continue to be your clients (with different terms perhaps) after seeing how fairly and professionally we deal with them.

 

Moreover, in industry after industry, we have proven records and case files to show how efficient we are at collecting overdue accounts receivables. We take the worry and the stress out of collecting your overdue receivables so you can concentrate on more critical elements of your business.

 

Get Your Money. Call Now 321-710-3530

We are experts at collecting debt previously deemed “un-collectable debt”.

GET A FREE QUOTE