Don’t hire a collection Agency IF:
1) If you never have bad debt
2) If you have the budget to hire someone to only work on collections
3) If you know the laws and regulations and can keep up with the changes
4) If you can absorb the loss of not collecting
5) If you don’t mind the reflection it could cause your company or brand
Truly if your company never has bad debt or unpaid accounts you would not have the need to hire a collection agency. If you have a large budget and can hire someone solely to take care of collecting your bad debt you would not necessarily want to hire a collection agency. Please keep in mind it takes a specific type of personality to handle the rejection all day. (plus you will have the additional cost of benefits) If you know the laws and regulations and have access to keeping up with the changes, then you would not need to hire an agency. If you can handle the chance you may not collect and it not affect your cash flow, you may not need a collection agency. Knowing it take a level of expertise to know how to respond, how often and when to approach that past due client to collect. If you don’t mind the fact your employee’s response could cause you pain. Because when it comes to your business reputation management, this depends on how professional they are during the collection process of the unpaid debts.
We at MCA Collection Agency want to work with educated business owners. They understand and respect our expertise. We work with clients daily that wouldn’t think of doing their own collections as we make it so simple and professional for them while helping their bottom line. They also know they don’t have to invest one dime unless we deliver that unpaid debt. We would love to be the collection agency you would count on when and IF you ever need one.