Collection Agency Tips for Businesses
If your delinquent customer is a large, well-known company, then something is wrong. If you can’t figure out what is wrong, then you need a professional team on your side to protect your interests and get your money. The longer you wait without making progress, the harder it becomes to get paid. Your contacts move on to new jobs, commitments are forgotten, paper trails are harder to pull together, trust deteriorates, small issues get larger, and a host of other problems may be encountered that are difficult to navigate successfully.
If your delinquent customer is a small or mid-size company experiencing explosive growth and they are just having working capital issues, then careful patience and monitoring may be all that is required. But if their excuse for not paying is for any other reason, you could be on the path to never get paid. The sooner you act with customers who are struggling financially, the better chance you will have in recovering the most money possible. The likelihood of collecting declines more than 1% per week based on nationwide results published by the Commercial Law League of America.
If you are reading this, most likely you need help and you need it now. When evaluating collection agencies, the key issue is not the contingency rate, but the likelihood of that team collecting your money. We have very competitive contingency rates, but most importantly, a superior team that generates superior results. Contact us today and we’ll be working to get your money tomorrow! Call us now, fill out the Request A Quote form on this page, or use the navigation bar at the top of this page to learn more about who we are, how we create success, and what we charge. Visit our resource center for tips on how to improve your credit department and a comprehensive guide on how to select a collection agency.
