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Why a Commercial Debt Collection Agency: Easy Solutions for Big Businesses

Mar 30, 2021

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Successful B2B relationships are a must for any company. Although, what happens when businesses have to ask their debtors (other business owners) for past due bills? Find out why working with a commercial debt collection agency may be the best decision your B2B business will make for itself.

Every type and size of business understands that debt recovery can be stressful, time-consuming, and messy. Learn why commercial debt collectors should be doing this work for you.

Commercial Debt Collectors

Licensed debt collection agencies are educated in appropriate and legal know-how to collect past due accounts for businesses with clients (other businesses) who have not paid their bills due for services rendered.

  • Fair Debt Collection Practices Act (FDCPA).

Most importantly, all credited commercial collections legally have to abide by this. This act protects businesses from abusive practices by any collection agency association. Before working with a B2B collection agency, inquire about proof or certification that they follow the FDCPA.

  • Consumer Protection Financial Bureau (CPFB)

Commercial debt collectors also stand by the regulations of the CPFB. As a U.S. government agency, it is another level of protection that needs to be upheld in order to respectfully collect debt from customers. Just like the FDCPA, inquire about an agency’s knowledge of this.

  • Skip Tracing

This method of legally tracking down debtors, is non-threatening and also used by detectives and lawyers. Customers with debt are located who, by normal means, cannot be found to be pay past due bills.

  • Professional Letter Scripts

Commercial collection agencies use these to remind clients of due bills by mail. It is proven that debt reminders from business debt collection services, as opposed to the business that is owed money, have a higher success rate of paid debt. This could be due to a third-party commercial agency getting involved.

  • Debt Recovery Plan

Not only do certified commercial debt collectors get your due money, they set you up for future success. Owning a business doesn’t require you to understand every aspect of the financial and debt world. That’s why a commercial debt collection agency helps you with this.

A crucial point to remember is, businesses can maintain healthy consumer relationships with their clients without getting involved in personal money matters. Many companies want to save money by handling all financial matters in house. Yet, this is the most common mistake by large and small businesses alike.

Commercial Collection Agency

The most responsible way to get your clientele debt free is to work with a licensed commercial debt collection agency like Capital Recovery Corporation (CRC). With over 30 years of experience with commercial debt collections in a number of industries, CRC has you covered. Learn why working with CRC for your commercial debt recovery is the right choice.

Remember, one of the most vital components of a successful business is preserving healthy customers relationships. When your customers are other hard-working businesses who have fallen behind financially, it is best not to deal with these matters yourself.

Click here to get professional help with CRC now. Let the experts at debt collection agencies do the difficult work for you, so you can focus on providing high-quality customer service.