Sunday, November 30, 2008

An introduction to a Debt Collection Agency

By JR Rooney

Not all collection agencies are created equal.

A debt collection agency can help solve one of the most frustrating problems for businesses: bad debt, which is money that is owed to you that you are unable to collect. While there are ways of handling the problem internally, tracking down the deadbeats and implementing a debt recovery solution can be a drain on time and finances, particularly for small businesses.

To recover the money that is owed, many businesses will turn to a debt collection agency. Most specialize in bringing in payments from overdue accounts. A good debt collection agency will balance their tactics and behavior because it will reflect on your company. The key is to choose one that has a realistic chance of collecting your debts while presenting a respectable image.

Once you know what to look for, any search engine can connect you to qualified debt collection agencies that will help you recover the money you are owed.

Make sure you ask about Full Service v. Discount firms

In closing, it is very important to select an agency that can best represent you by portraying the correct company image. If you do not do this you run the risk of alienating your customers and destroying your reputation. - 16747

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