Debt Recovery Services — What Should Your Company Be Giving You?

You may not like to think about customers stiffing you, but it’s par for the course when you run your own business. As a result, you need to make sure that your debt recovery services come with these 4 things:

1. Full recovery from start to finish
Having great debt recovery services means you can count on getting your money — no matter what it takes. That’s because top-notch collection agencies have their own lawyers on staff. That way, if traditional collection methods don’t work, the lawyers can take over and use the power of the courts to their advantage. (After all, some people just won’t pay up unless there’s a legitimate legal threat!)

As an added benefit, when your collection agency has its own legal team, everything gets forwarded automatically. You won’t have to go out and search for a lawyer and then get him up to speed.

2. More than just debt recovery
The best debt recovery services will go way beyond outstanding bills. In fact, you can actually hire them to handle all of your accounts receivable management duties. That way, you can avoid the hassle of hiring (and paying!) a full-time billing department.

Making this service even more convenient, when your collection agency is in charge of your accounts receivable management, they can forward outstanding bills into the traditional collection process. That way, if one of your customers doesn’t pay up, he’ll automatically be taken care of by the collection department — without you have to lift a finger!

3. Affordable rates
No matter what kind of help you need, your debt recovery services shouldn’t cost an arm and a leg. That’s why — before you agree to work with anyone — you need to take a look at all of their fees. In most cases, you’ll pay a percentage of the amount that gets collected. So, you need to make sure you’re OK with that rate.

4. Service all over the country
If you have customers spread out all over the place, you need a collection agency that can work all over the place. Since collection laws can vary from state to state, you need a nationwide business collection agency. That way, you can rest easy that your agency can handle any outstanding bill, no matter where the customer may be.

If you don’t have a nationwide business collection agency, you run the risk of your agency accidentally breaking a specific state law — and ruining your chances of getting the money that’s owed to you.

Looking for a nationwide business collection agency? You’ll find the best at!

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