cropped shot of accounting-staff are using calculator collections

When does it make sense to hire a collection agency?

For every business, minimizing the time and resources it takes to collect outstanding debts is critical to their success. Sometimes, despite the best efforts of your accounts receivable team, you may find yourself with delinquent accounts that you just can’t seem to collect. That’s where a collection agency comes in. But when does it make […]

Read More

How to Send Someone to Collections (5 Steps)

Sending someone to collections can be an intimidating process, but it’s necessary for recovering debts that have gone unpaid for too long. Whether you’re a small business owner or an individual who’s owed money, knowing how to send someone to collections is key to securing payment. To help steer you in the right direction, we’ve […]

Read More
a good debt collection agency office

How to find a good collection agency for your business (5 tips)

As a business owner, having unpaid debts can be frustrating and stressful. Getting a reliable and effective debt collection agency to help you recover your debts is essential to keep your business running smoothly. However, finding the right agency that meets your requirements can be challenging. But there are a few things you should always […]

Read More
overview of two young business men agreeing to pay bill

The Top 10 Questions to Ask a Collection Agency

When interviewing collection agencies, it’s important to remember that one size does not fit all. This is especially true when considering different industries. Many agencies specialize in a specific vertical, and this should have a huge impact on your selection process. When it comes to the medical industry, in particular, a collection agency will need […]

Read More
close up of man holding pen pointing at graph on paper

How to Calculate the Lowest Amount Accepted in Debt Collection

It’s important to understand how to calculate the lowest amount accepted when you go into debt collection activities. More specifically, if an account has a balance that is now older than 60-90 days, negotiations will most certainly come into play and a lowest amount accepted should always be pre-calculated.  To do this, you’ll first need […]

Read More
accounting calculating analysis business plan debt collections

5 things you need in your debt recovery strategy

From utilities to property management to healthcare to construction, a variety of companies have delinquent accounts for a variety of reasons. Whether it’s from a lack of knowledge, a lack of desire, or a lack of finances on the debtor’s side, unpaid debts can quickly pile up for a company. However, it doesn’t matter what […]

Read More

3 COVID Debt Collection Tips You Should Know

Collecting unpaid debt is a tricky process that requires strategy, tact, and consistency. Add a pandemic on top of everything, and the debt collection situation can become increasingly more tricky. If your business is considering increasing or starting debt collection practices at this time, we’ve gathered 3 simple COVID debt collection tips to keep in […]

Read More
stack of papers frustrated about debt

5 Simple Ways To Increase Debt Collections

When you have a good amount of unpaid accounts just sitting there collecting dust, you might be looking for quick and easy ways to increase debt collections. What is the fastest, easiest, simplest way to collect debt from consumers? Unfortunately, there is no quick and easy way to collect debt. In many cases, it takes […]

Read More