Monday, December 1, 2008

Debt Collection Company

By JR Rooney

As a business owner, what do you do if one of your customers does not pay you on time? If you hire an in-house person that will just cost you more money out of pocket. Your bottom line is at stake. What you need to do is hire a Debt Collection Agency

One such collection agency is Rapid Recovery Solution, Inc. Rapid Recovery is a Full Service, Attorney Based Debt Collection Agency serving clients worldwide. They have 750 offices in 360 cities in 60 countries. That makes it easy for them to contact customers who move around a lot. They understand that your business will not run properly if your customers do not pay. They also understand that businesses work best in 30-day revenue cycles.

They work with businesses of all kinds. Here is a sampling of some of the collections they have done: corporate accounts, educational facilities, telephone companies, utility companies, taxes, bad checks, repossessions and even bank cards. This list proves that they have experience. They also provide these services: credit bureau reporting, a state of the art skip-tracing department and effective dunning notices.

They will offer a number of solutions to your non paying customers. Payment plans, settlements, refinance a home or consolidate debt. RRS will have a satisfied customer and possibly a happy debtor.

The collection method in a nutshell.

First, they will enter all the information on your past due customers into their database. The dunning notices will now begin. The determination on the frequency and type of dun will depend on the circumstances involving each account. You may discuss this with a company representative.

A second letter will be sent after 30 days if a payment has not been secured. The calls will keep going out.

If necessary, the credit bureaus will be contacted about each past due account, if this is want the client wants. This will be discussed first.

A final demand letter will go out via certified mail.

The customers really appreciate all the ways they can pay RRS. EFT, Paypal, Credit Card, Western Union. The list goes on and on.

Rapid Recovery will send a status report on a monthly bases. Weekly for larger clients.

Rapid Recovery Solution, Inc. wants to be your number 1 agency. They can be reached at: 80 Orville Drive ste 100, Bohemia, NY 11716 and by phone at 631-776-8109

for more detailed information go to: http://www.RapidRecoverySolution.com

Remember if your customers do not pay you, you won't make any money. Consider contacting Rapid Recovery Solution, Inc. today if you are having collection problems. - 16747

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