How to Collect a Debt - Part 6

7 Deadly Mistakes
Collecting a Debt

Burt and Associates is a Collection Agency that specializes in Commercial Collections.

How to Collect a Debt, 7 deadly mistakes

Here are the seven mistakes nearly every company, no matter their size, makes when
attempting to collect on past due commercial debt:.

Mistake #6: Waiting Too Long to Pull the Collections "Trigger"

Intentions are one thing and results are something completely different altogether. Your customer may intend to make good on the debt but their actions speak louder than their words ever could. The sad fact is the moment accounts receivables get past 30 days; the clock starts ticking on the likelihood of collecting on the debt. For example, once a debt reaches 60 days, the average amount collection is roughly two-thirds or 66%. And when 90 days rolls around, the average debt collection has dropped to just 57%. Ask yourself this question: can you truly afford to wait and collect on only half the debt, even less or perhaps none at all?

 

What this Collection Agency offers to me? you may ask.

It's pretty simple. To get started, call us toll free at (877) 740-7839. We’ll discuss the accounts that owe you money. And we'll be honest with you and tell you which accounts are worth pursuing. We’ll also advise you as to which ones we think you can handle on your own and which accounts need to be collected professionally if there's any hope of recovering your money..

To get a Free Quote call us toll free (877) 740-7839 and get started today!