Hire a Collection Agency!
5 Reasons to Hire a Collection Agency
The main reason businesses fail is the lack of cash flow. Many collection agencies have gotten a bad rap. Accurate with some of the people claiming to be reputable and they are despicable. Those people were out to make a quick buck without any integrity. Hiring a collection agency can be EASY! Hiring the RIGHT agency is not so easy. Are they reputable? What kind of rating do they have with the BBB? Always take the time to check this out as it can save you a lot of money.
Did you know….
We do not get paid until you do
Are you well versed in the laws of your state? Do you know how to protect yourself? Third-party agencies are knowledgeable in both federal collection laws and the laws that govern the states they collect in. Don’t risk using someone in your business that isn’t aware of the laws nor the quickest way to recover unpaid debts.
Some agencies charge you a large up-front fee and then a percentage. They get paid even if they don’t collect. Why should they. If they are not working in your best interest and they get paid either way, what would make them invest more time into making sure you recouped these unpaid invoices.
A collection agency has the skill set and it is their primary focus to collect for you. Hiring a professional insures your success. They know when to collect, what tactics to use and techniques to legally get your debtors to pay. They are also skilled at not running debtors away but negotiating with them the best terms to make sure this payment takes place.
When you work with the RIGHT agency, you will find they work around you and your specific needs. They have several programs to offer and you can choose what best fits into your needs. Every client is different and have different needs. Ask if they have ever collected for your industry. Are they insured in your state? Do they use any specific tools to find people who skip town?
Speed Up Results
Debtors know you are serious when you work with a collection agency. You can spend time and money trying to recover invoices, but they do not take you seriously until it comes from a collection agency. Speed up your results but having a system you automatically turn over your collections to at so many days late. Like when 60-90 days late. The early you turn it over the more you are likely to collect.
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 it! Why not try and re-coop some of your past due accounts with no out-of-pocket expense?