What businesses, especially small businesses, have time to call or send letters to collect money from customer delinquent accounts? Are you afraid of tarnishing great customer relations? Is your accounts receivable department overworked and overwhelmed? Learn why your business needs to stop wasting precious time collecting debt from past due services. Hiring a debt collection agency now may save your business.
Commercial Collection Agency
Debt collectors are debt professionals.
Debt collectors are experienced in the legal action of collecting debt. They have the know-how and resources, such as skip tracing, to track down hard to find debtors. Skip tracing is a process where you can legally find someone’s whereabouts. Most importantly, the key word here is “professional.” When people get a call or letter from a certified debt collections company, instead of from a business, this is taken more seriously. In other words, there is a higher rate of return when someone is contacted by a third party. You as a business owner are no longer involved. The hard work is taken care of for you with a collection services agency.
Debt collection agencies follow the legal guidelines required by the Federal Trade Commission of our government.
Look for a certified agency with proof that they abide by the Fair Debt Collection Practices Act (FDCPA). When a commercial collection agency follows this act to collect debt, you know they are going about it legally and in a non-threatening manner. Yes, getting a call, email, or letter from a debt agency can be scary and overwhelming, but there are still ways to be professional and to the point, without berating your clients for money owed. Some debt collectors do this. Find an agency that follows the rules but is also empathetic to your business and customers. Collection agencies also have call, email, and letter templates for successful and professional communication.
Debt Collection Agencies
There is no wrong decision in hiring a debt collection agency. Debt agencies like Capital Recovery Corporation (CRC) understand how stressful debt recovery can be. You can expect many things when you work with a company like CRC.
- Increase cash flow.
- Spend time on customer relations, not debt recovery.
- Get access to call scripts, email and letter templates.
- Online customer portals allow access for updates on customers.
- Create a future plan with expert support to decrease debt owed.
- No collection and no fee stance.
- No term contracts.
Hire a Collection Agency
Get the money that your business is owed for services or products rendered before it is too late. Your business’s credit is just as important as your customers and clients. Their certified team of debt professionals will fight for what your company deserves from debtors. For decades, they have worked tirelessly in healthcare debt, insurance overpayment recovery, and commercial debt.
Learn more about what CRC can do for your business with our online debt resources. If you have further questions or concerns, contact CRC. With us, we treat your business like it is our business. Hiring a debt collection agency will help you more than you realize.