If you were asked the question what does a debt collection agency do, what would your answer be? Many think of a collection agency as the bad guy. They buy your debt and you get pennies on the dollar for it. That is not at all what a Reputable Debt Collection agency does. They serve…
Economy forces the use of collection agencies by being in a state of unemployment and people not being able to pay their bills or secure a loan to pay off bills. When it comes to choosing the best debt collection agency it can be a difficult decision. There are thousands to choose from in the…
Here are Five Tips for Hiring a Debt Collection Agency. Companies many times ask themselves why should I hire a collection agency. They contemplate the cost vs recovery. They wonder if someone at their office couldn’t do a good job. Many times is it best to hire the experts and let them do what they…
Do you know the lifetime value of your client? Each client has an economic value. Do you know yours? There is not right or wrong answer but you do have to know. When someone makes a purchase is it a onetime purchase or is it several purchases. Example if you were a chiropractor the initial…
Educated Business Owners Hire A Collection Agency: This will make all the difference in who you choose and why. This is the time to ask for help so you can make an educated decision based on facts. Make sure you have good Information When working with customers make sure you get as much as information…
Why should I hire a Commercial Collection Agency? At the heart of every business is having a happy customer and providing a service or product that keeps the customer coming back for more. However, with this buying power comes a downside that most business owner’s hope will never happen to them: having a customer that…
Wish I had more time… Be honest, how many times have you said that? Do you say it weekly, daily or several times a day? That is typically a red flag that you are either not using time management strategies or the ones you are using are not working. Either way, it is clear…
What to look for in a Collection Agency and the RIGHT questions to ask! How long have they been in business? You want to make sure they have had experience working with all kinds of collection and not the Rookie Business. Where Can they do Business? Make sure you have contacted a collection agency that…
Business Etiquette? In today’s society, common courtesy is unheard of. In Business it is not an option. Always be prompt. Plan a few extra minutes in case you run into an unexpected issue. A handshake is always appropriate. Keep in mind a good firm (not debilitating) handshake is necessary if you want to be perceived…
Save money using a collection agency when you know what to look for. Many times collection agencies (debt collectors) have a specific area of expertise. For instance some have certain industries like medical, retail or manufacturing while others it depends on the size of the business and how much debt they are looking to collect.…