What Can a Collection Agent Do for You?
When you allow other business to sign their invoices over the course of the month, you are doing so under the agreement that they are going to pay their bill within an agreed upon period of time, in most cases this is within 30 days. When you have a customer who has not paid his bill you may find that hiring a collection agent to help you recover your money.
In most cases you will find that when you talk to a collection agent at The Kaplan Group, he will recommend that you wait no longer than six weeks past the due date to start collection actions. For the most part a simple collections phone call will get most businesses to pay their bill, while at the same time make them realize that there is nothing funny about not paying their bills and that you are very serious about collecting the money you are owed.
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.