Signs you need to Outsource Collections – As any business owner knows running your own business is not easy. It not only takes a large investment but it is an extreme investment of your time. You have to make sure things are running smoothly and successfully. As business owners, the last thing you want to be doing is chasing down payment for unpaid invoices. Doing something you are not passionate about can also be an energy suck causing you to be less productive. Here are some simple suggestions that can help make things a little less stressful. In MO and TX debt collection agencies may be able to help you get back on track. Here are some signs that you might need to consider hiring a debt collection agency.
First Payment Failure
Many times, the customers will try to pay their account, however, funds are not available so it doesn’t go through. This is the time to consider using a reputable collection agency. This is the first sign you probably are not going to collect on this debt.
Customer Won’t Respond
You have been notified from your billing dept. the customer has not paid their bill. Now what? Be careful what you say as it needs to be done in a manner dictated by law. This the perfect time to seek help from a collection agency. This may be most effective and safe way to collect.
If the item or service was purchased by two or more people, which is what commonly happens in a marriage one will put the responsibility or blame on the other. If there is fighting over who is responsible, you may get dragged into not only a financial problem, but an emotional problem as well. If a relationship is broken but a debt is still owed, collection agencies can get a copy of the divorce decree. This will allow you to see who is legally responsible for paying off the debt. Using a collection agency will actually save you time and money.
You Can’t Find Debtor
When you repeatedly have tried to contact the debtor/customer/client and have not been successful Repeated it could indicate that the person has changed addresses, phone numbers, or jobs. Obviously, they have not updated their information with you-whether intentionally or unintentionally. When this happens, it is known as a “skip.” You will find it difficult to locate them yet many debt collection agencies have skip-tracing services to help them find the debtor faster and get your money paid to you.
You the business owner have much more important things to do that chase your unpaid debts. Let us take care of that for you. Keep in mind we don’t get paid unless you do!
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?