Small Businesses Need to Have a Collection Agency
Small businesses are a big enough challenge. Your business needs to run smoothly and this can happen when you collect payment for products or services. However, you will soon realize that some clients are unreliable when it comes to making payments. Running a business takes a lot of time and you may not have the time to make follow up calls or letters demanding payment. Collecting an old debt becomes even harder as time passes by. The Collection Firm can help you during those moments when you find it difficult to collect debts.
At The Collection Firm, we understand that your business needs when it comes to recovering unpaid debt are unique. With The Collection Firm, you benefit from flexibility because we use collection systems that work with your business model. In addition, we have some of the best rates in the debt collection service market. We are transparent in all our dealings and provide upfront pricing for our services.
Successful Debt Recovery
Your chances of retrieving your debts are higher when you hire The Collection Firm. In addition, working with us allows you to focus on running your business. We know how to deal with debtors so that they can make required payments. Our actions can affect debtors credit scores. Therefore, many debtors tend to make payments when approached by The Collection Firm.
All communications between debtors and The Collection Firm are usually recorded for future reference. In case you need to sue a debtor in the future, we can avail the documents to the court. If you choose to claim the bad debt as tax deduction you require documentation for reference. If there is an audit, the IRS needs proof that you put extensive effort in recovering the debt before writing it off as a deduction.
There are state and federal laws that control the debt collection sector. If debtors rights are violated and they are well informed, they will not hesitate to sue. In case you are unfamiliar with the laws, collecting the debts could bring potential legal issues. The staff at The Collection Firm know the laws governing each state that the firm is licensed and they can overcome the legal risks that you may encounter trying to collect debts on your own.
Debtors will tend to make quick payments when they deal with us than when they deal directly with you. We provide accelerated debt payment processes so that clients can recover their debts faster. Such services work with the existing billing process that clients have with us. This means that when you work with The Collection Firm, you will save time and energy that could have been spent following up on debts.
The Collection Firm has many years of experience in collecting debts. No debt is too big or too small for us to handle. We also collect in every state and internationally. In addition, we use various strategies to help our clients get back their money. In many cases, debtors become anxious and call lenders to discuss payment options instead of dealing with us.
Delegating your debt collection duties to us allows you to concentrate on the most important aspects of your business. Call us today to find out how we can help you recover your debts.