Commercial Collections Blog

1. It is relatively easy to outsource your bad debt accounts.
2. It is much more difficult to pick the correct commercial debt collection agency that will become your collection partner.
3. Accredidations, memberships, tenure, web site, bonded, company articles and certifications, referrals, online data tracking reports, certifications are extremely important check points for your search.
4. Personal contact with executive in the selected company will get you a better service and a person to go to when things need to be straightened out.
5. Collection rate is important but the % of collection is just as important, the real cost is the uncollected portion.

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1. Review debtor orders, payment history, communications,current status,ability to make contact,effort being made by customer, risk assessment
2. Review staff efforts, review all potential tracks to be followed, be demanding and do not back down, set date to be paid or change course
3. Move the debt to a professional debt collection agency, you are being victimized by a professional non payer and you need help

Technorati Tags Add new tag, agency, cash, collection, commercial, debt, receivables, recovery, risk