Small Business Education Center

Business Debt Collections

Over 90% of big businesses and approximately 10% of small businesses rely on professional debt collection agencies

For every business serious about maintaining optimum cash flow, it is imperative that effective practices be implemented for securing monies owed and curtailing potential debtors. The past several years have seen some troublesome statistics materialize with respect to commercial debt collection. The statistics are particularly upsetting for small and medium-sized businesses trying to collect on their invoices.

The likelihood of successful debt recovery is increased dramatically when the process is outsourced to a reputable, third-party commercial debt collection agency. In fact, today, it is estimated that over 90% of big businesses and approximately 10% of small businesses rely on professional debt collection agencies, with middle-market businesses falling within that mean. These companies are already benefiting from having a third-party commercial collection agency oversee their debt collections.

Collection industry statistics show that almost all delinquent accounts will be collected if placed with a debt collection agency within 30 days of the due date. With the economic downturn we have all witnessed this year, time is of the essence if you want to avoid costly write-offs that can lead to closed doors on your own business. Using a collection agency early will help the money get collected faster especially in today’s economy.

Burt and Associates offers our clients:

  • Commitment to high standards as evidenced by membership in key industry associations including the Commercial Law League of America (CLLA) and the Commercial Collection Agency Association (CCAA).
  • Burt & Associates is one of the few commercial collections agencies that is Type II, SAS 70 Certified. This SAS 70 certification can be part of the solution to your Sarbanes-Oxley compliance requirements you must maintain with outside vendors.
  • Qualified professional and longstanding staff members.
  • Broad and strategically situated geographic coverage (i.e., in the United States, Europe, Asia, etc.).
  • Credit management services (call center, asset location and skip tracing, etc.).
  • State-of-the-art technology including a secure wide area network, sophisticated voice, data, and video-conferencing systems to facilitate optimum communications.
  • Effective reporting via a 24/7 Web-based system.
  • A proven track record serving businesses in diverse industries ranging from manufacturing and distribution to telecommunications, professional firms and education.

Debt Collection News

  • debt collection

    December 15, 2017
    A taxi driver was kidnapped at gunpoint in Banciao District by thugs who tortured him with electric shocks, and punched him up before making off with NT$6,000. The incident happened December 11, but was only reported in Taiwan's Chinese language news media today. At around noon Monday, a 44 ...
  • Thugs Arrested After Kidnapping Taxi Driver in Broad Daylight

    December 15, 2017
    The incident happened December 11, but was only reported in Taiwan's Chinese language news media today. ... Bamboo Union gang member and extortionate debt collector, Mr Huang, after being charged with a range of offences , including deprivation of liberty, injury, and weapons violations, ...
  • Global Debt Collection Software Market Share to 2022 : Quantrax Corp, Comtronic Systems ...

    December 15, 2017
    The report offers a detailed overview of the global Debt Collection Software market covering key factors such as drivers and restraints impacting the growth. The global market for Debt Collection Software is segmented on the basis of manufacturers, product type, Debt Collection Software applications, ...
  • Collectius Acquires a 350 Million USD Non-Performing Loan (NPLs) Portfolio From a Leading ...

    December 15, 2017
    Collectius' goal is to help debtors become debt free and to integrate them back into society more financially knowledgeable than before. Collectius is promoting debt collections that have the highest level of compliance, automation, predictive analytics, big data analytics and customer centric offer ...
  • Collectius Acquires a 350 Million USD Non-Performing Loan (NPLs) Portfolio From a Leading ...

    December 15, 2017
    ... (SEA) debt buying markets by acquiring a non-performing loan (NPL) portfolio from a major bank in the Philippines. The deal consists of 340,000 credit cards and personal loans with a total principal value of 350 million USD. Earlier this year Collectius acquired CJM Solutions, a debt collection agency ...
  • California sues Dept. of Education over student debt relief claims

    December 15, 2017
    The lawsuit also accused the Department of Education of using "draconian debt-collection tactics" against students who are awaiting an answer on their debt-relief claims. "The department has seized these students' tax refunds and garnished their wages in violation of the APA," the lawsuit says.
  • NAFCU Urges CFPB to Reevaluate Debt Collection Rulemakings

    December 15, 2017
    Washington (Dec. 14, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Ann Kossachev today in a letter to the Consumer Financial Protection Bureau (CFPB) responded to the bureau's request for feedback on its plan to conduct a web survey on debt ...