Check the List of Collection Agencies You Are Thinking of Using Very Carefully

As a business owner, you need to make sure that all of your business customers pay their bills on time. Unfortunately, no matter how many of your clients do pay their bills, you are going to run into a few that will try to get away with not paying even after repeated billings. At this time you are going to have to put together a list of collection agencies in your area to choose from.

Use Your List of Collection Agencies to Help You Find the Right One

As you look at your list of collection agencies, you can eliminate any that do not handle business to business collections immediately. The next ones you need to remove are any that have a poor reputation, you can research this online, and any who have a poor success record. You should be left with those that are considered to be the cream of the crop. The best agencies will not charge you any fees up front and only collect if their collection attempts are successful.


About The Author:

Dean Kaplan is Principal at The Kaplan Group. Dean's exper­tise is widely rec­og­nized in the debt col­lec­tion indus­try. His advice has been pub­lished in a num­ber of indus­try newslet­ters such as Credit Today and InsideARM and he is a fre­quent speaker at indus­try events.