Are you feeling helpless and always like the bad guy when it comes to your small business collection? Do you wish you can focus on more important things, such as your loyal customers? If you have been going back and forth on whether to hire a commercial debt collector for your small business, the time is now. We’ll tell you exactly why it’s the right move for you.
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Debt Collector for Small Business: A Commercial Collection Agency Gets More of your Money Back
While third party collection agencies charge a percentage fee of the amount of debt collected, there is a much higher success rate that your debt collections will be paid. Since a commercial collection agency adheres to legal guidelines, it can produce proper and professional debt collection letters, while properly handling litigation for delinquent accounts, debt settlement, and account resolution. When you have done everything possible after 120 days to collect past due payment, this is the right time to hire a small business debt collection agency.
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Keep Control and Ownership of Your Debt with Debt Collector Companies
Many small businesses resort to simply hiring an individual debt collector, and not an agency. This is your first mistake. Unlike individual collectors, also known as a debt buyer, an agency does not buy your debt from you. Whether you’re a large or small business, you will no longer have access or control to any debt you sell. With a debt collector for small business, you keep control of your debt, while allowing the collections agency to act as a middle man in the recovery of your money.
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A Small Business Debt Collection Agency does all the Hard Work for You
No more stressing about how hostile you are to customers to pay backed money due. No more worry about being sued over your tactics to retrieve money. Debt collection services for small businesses must legally follow the Fair Debt Collection Practices Act (FDCPA). Guidelines allow them to handle debt collection in an aggressive, but professional manner, if needed. Your Accounts Receivable Management (ACM), for example, can focus their time on other tasks. Just like your craft is your business, a collections agency’s craft is properly and safely retrieving money for hard-working business owners. Let them take care of you, so you can take care of your business.
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Retain Customers while Collecting Bad Debt
Running a successful small business, largely depends on the business to customer relationship. Especially with small businesses, the client to business owner connection is very personal and close, most of the time similar to a family member. A lot of times having to pressure dedicated customers to pay their debt, can turn a great relationship sour. Pass off the pressure of being the “bad guy” to the professionals. Loyal customers with money trouble will be able to settle it through commercial debt collections.
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Focus on High-quality Customer Care while Professionals Recover Debt Owed to You
Being a small business owner is a huge responsibility. Excellent customer service for clientele can get watered down when there are other big responsibilities looming. The most important thing for any business is, IT should be your main focus, not collecting overdue payments. There are so many more crucial things for your business that need to be priorities, such as new product ideas, marketing, or training staff. Save time on difficult matters so your business can constantly get ahead, not become stagnant.
Why Capital Recovery Corporation (CRC) is the Best Collection Agency for Small Business
A small business debt collection agency can be so much more than just an invisible party that collects fees. A debt collector for small business is your time saver and business protector. Contact Capital Recovery Corporation today to find out how they will get your company’s debt collection back on track. For 30 plus years, we have been in business as debt collectors. Our financial counselors are HIPAA, FDCPA, CPAR certified and dedicated to helping you get your money.
Click here to get started online with your path to debt recovery now, with CRC.