Why on Earth would anyone use a Commercial Collection Agency?
It is not uncommon for businesses to struggle with customers/clients/patients that have trouble paying their bills. Many times it is a 3rd party debt collecton agency that keeps the business afloat by collecting for them.
It could be a landlord that couldn’t collect from renters. Using a collection agency many times will keep a landlord from going into foreclosure on rental properties. It could be a dealership or body shop that couldn’t collect on services rendered. Doctor or Dental offices are just a couple more. Even banks sometimes hire a collection agency. Any business that needs to collect unpaid debts can use the services of a reputable collection agency.
A Few Benefits of using a Collection Agency:
No cost unless they collection (Not all collection agencies work on this platform, be sure the one you choose does)
Save money and manpower ( Most employees will be very uncomfortable with this position so your productivity will be lowered)
Retrieve your money quicker ( The collection agency should be aware of all laws and go after your money in a very professional manner
Allows you to stay focused on your Business ( Spending time doing what you do best and where you make the most money)
Eliminates Stress over Legal Concerns and Legal Costs (Do you know the laws and can you stay within those laws without seeking the help of a lawyer to protect you from any legal ramifications)