Debt Collection - Buyers Guide

Debt Collection Checklist

Use the following checklist to help decide if you are ready to hire a debt collection agency.

· Are your written contacts and phone calls failing to elicit action from your debtors?
· Is your business allocating more resources to debt retrieval than it is managing to recover?
· Are individuals that owe your company money no longer reachable at their former places of residence or business?
· Is the alternative of a third company buying your debt (even at a reduced price) a more attractive option for your company than having to pursue debtors independently?
· Are you interested in finding a viable option that allows you to remove debtors from your accounts receivable records?
· Are you willing to pay a fee of ranging from 10%-50% for a collection agency to retrieve bad debt from your debtors?
· Is the retrieval of the money owed to your company by a specific client a greater priority than maintaining that client’s business?
· Is debt affecting your company's ability to be in business.

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We needed to outsource some pre-sales work to a telemarketing company and I dreaded the search process. I knew it could take days to find companies, and then repeat my basic needs to each and every one. Filling out your form and having them come to me was a huge time saver. I hired a company in a week and so far we've been very pleased with the results.

Stephen, Buyer
New York, USA