Commercial Collections Blog

1. Which Commercial Collection Agency collects your money in the shortest period of time?
2. What are financial costs of each approach?
3. Do you have the right person for very tough collections?
4. Do you need your staff fully dedicated to new overdue claims or does your staff have the extra time for this type of account?

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As our economy continues to slide do you continually set credit limits on your customers and how often do you review your accounts and their balances.

A review of your largest accounts and their month over month balances can shed light on the growing account balance and predict debt collection difficulties.

It is also true that many smaller accounts with increasing balances will add up to a very substantial portion of your DSO. No system is perfect and a good review of all accounts over 30 days will keep you up to date and ready to react to data on each customer.

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When your past due accounts offer to settle the claim for 25% does the account want to give you back 75% of your goods or services? Of course not, this  is time to get all your invoice paid.  Setting a president of low settlements does not help you collect  next time and puts you at risk with this company over and over again.

When you need your cash stay commited to full collections and do not let the emotion of getting a settlement cloud your judgement.

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In the economic climate that we are in today, debt collection methods have to continually evolve with the times. Information about the debtor is mandatory for you to push past all the stories and false agreements. The decision to pursue your own money has to be one of dedication to the task and willingness to push aside sales fears of loss of the customer. The account that does not respond to your first written appeal for payment is not going to react as they should. A series of letters and phone calls will not get your cash in as planned in todays market. Put your pens aside and call in the professional at Burt and Associates.

Technorati Tags agency, Bad Debt, business, collection, commercial

• Ignore them.
• Send another invoice.
• Make another phone call.
• Send another reminder.
• Send a letter of demand.
• Call someone else in the company.
• Have someone else from your company call
• Track them down when their phone is disconnected.
• Look for them when your letters are returned.
• Hope.
• Call us today at 1-469-368-6400

Technorati Tags agency, Bad Debt, business, collection, commercial, debt, receivables

When new sales are a bit flat and your cash flow is tight you can improve your cash situation with a harvest of your past due accounts. A review of all delinquent accounts is always a surprise and a bit of a downer. There are always accounts receivables on the list that you see as some of your best customers and also some new accounts as well. The decision to press harder on the accounts is a sales issue and a cash issue at the same time. The correct answer is hard to come by unless your credit policy is tight and uniform. Treat all your customers with respect and follow your own credit policies without exception.

Contact all you past due accounts and stay in touch weekly until their account is up to date. Some accounts will need to be put on credit management awaiting payment and you should have your limits in place so that the decision is relatiely easy. Do not wait forever to get your commercial collection agency involved because collection is their expertise and you can stay fixed on the newer past due accounts

Technorati Tags agency, Bad Debt, business, collection, commercial, debt, receivables, recovery

The typical commercial debt collection agency of today is no longer a call and hope to collect business model. The todays leaders in the field use high tech research and intelligence to reveal all debts and resources  of the debtor prior to making contact. The information at their fingertips is amazing and pushes all the right buttons when the collection process is initiated. The use of infield collectors who have all information needed at the time of their visit makes the path to collection smoother. Get contracted to the agency with the most information on your client and see your collections increase in record time.

Technorati Tags agency, Bad Debt, business, collection, commercial

Your cash flow deserves a full review of your delinquent accounts. Any and all accounts that are over 30 days deserve an examination and the scrutiny that will reveal the accounts that have more than a 50% chance of not being collected without a more intense effort. Waiting for these accounts to spontaneously pay their debts will result in an increased DSO and eventually writeoffs. Face the facts the account is not responding to your effort to collect. Phone calls and letters just are not getting results. It is time to contract with your professional debt collection agency and help your cash flow.

Technorati Tags agency, Bad Debt, collection, commercial, debt, receivables

1. The Commercial Debt Collection agency of today is quite capable of finding your full financial data and your outstanding debts and financial resources, do not belive that saying you do not have the ability to pay will be the final word.
2. The costs of not paying will add up and will keep you from gaining acess to new sources of capital.
3. Stalling and saying that the claims are disputed will get you in more difficulties and you will not escape the debt.

Technorati Tags agency, Bad Debt, business, receivables

When trying to collect bad debts from past due business accounts, it may be necessary to hire a commercial collection agency. There are some tips that can help you in this unpleasant endeavor.

First, try to search for an agency that works with small or home based businesses.

Second, find an agency that specializes in the type of collection desired, either individual or commercial.

Third, research the agency to see if they are licensed in the state the debt occurs.

Last, compare costs of different agencies to see the fees charged. Following these four steps will help chose a good collection agency to meet your needs quickly and help you collect the bad debt in a timely manner.

Technorati Tags agency, collection, commercial, debt