Friend or Foe?
Collection Agencies typically don’t have many fans, however they are an integral part of our economics Most don’t have savings at hand to go purchase larger purchases so we take out loans and borrow money from lenders. Of course with do this with the good intentions of paying that back. Then all of a sudden there is a death, job loss, injury etc and now what we had planned to use to pay back this loan is what we use to survive.
On the other hand some never plan to pay back loans by giving false information trying to deceive the lender by making it hard to find them. (They do have ways you would never imagine)
Unpaid debt affects all us as it means we all pay higher prices. This is why many companies have to turn to a third party to collect. This stops the company’s cash flow and definitely affects their ROI. Companies needing to recoup their investment many times find the need to turn to a collection agency to recoup funds.
A collection Agency knows the laws and regulations of collecting on bad debts for individuals as well as companies is one of the many reasons it is best to let the experts do what they do best. A collection agency attempts to collect on debts from individuals or companies. A collection agency can step in the minute the account goes into default. The early bad debt is turned over to a collection agency, greater the chances of recovery. This also removes the company from the equation. It allows them to stay neutral and allow the collection agency to take over the appearance of the Foe…
Unfortunately most do not have happy thoughts when it comes to using a collection agency due to the bad reputation that has been built through the years. These were not reputable companies. Thus the reason to be sure you are working with a company who has been in the industry a while with a spotless reputation. Thanks to laws to protect us, you will find regulations on how they can contact and approach us have gotten much tighter. Also they can’t harass or threaten. So … Are They a Friend or Foe?
If you are looking for a Collection Agency you can trust to collect you unpaid debts from clients, look no farther as we have not only the longevity of a family owned business but we have an A+ rating with the Better Business Bureau
MCA is a third party debt collection agency that has been in constant business since 1950. We are rated A+ with the Better Business Bureau and we pride ourselves on excellent customer service along with delivering great recovery rates. There is no cost to you unless we collect! Why not try and re-coop some of your past due accounts with no out of pocket expense?
