HIRE THE RIGHT COLLECTION AGENCY
Dawn S. • July 14, 2021
The Right Collection Agency.
If you are a business owner, your clients should be in good standing. Meaning they should be paying their invoices in a timely fashion. Every now and then, a client does slip up and all it takes is a reminder call from your office to pay the outstanding bill and everything is now current with that client. If you have clients that you are having difficulty with, the hiring of a collection agency may be your answer before you write off the outstanding debt. But there is information you should gather.
When you’re interviewing a Collection Agency, you may have to explain what type business you have. That is fine but make sure the Agency has a complete. understanding. After all, they’re representing you. The staff at Go Beyond Collection Agency will learn about your business prior to representing you. You will want to be sure that the methods that are used for collection will not harm your business’s good name.
You will want to ask if the Collection Agency is insured. Asking the agency you would like to hire has Professional Liability Insurance wouldn’t hurt. Or asking if they have like insurance that provides coverage should the Agency get sued while working on your accounts. This type insurance is the Agency’s responsibility, not yours.
Always keep in mind that the Collection Agency you hire is a reflection of your business. Ask what methods are used to actually perform the actual collection. The Collectors need to be ethical and respectful to your clients. The discussion about the tactics used to collect will be very enlightening. At this point in your discussion, it doesn’t hurt to ask for references. Go Beyond Collection Agency will be more than happy to answer your questions. For instance, you may want to ask how long the collection process usually takes and what information the Agency needs from you to get started on your delinquent accounts.
You’ve found a Collection Agency that suits your needs, now comes the important discussion regarding the cost of their services. Transparency on both sides is key. Some Collection Agencies charge a percentage based on what is collected while others charge a fixed rate based on the amount to be collected. You should be comfortable with the fee structure. The type of debt to be collected will need to discussed also. Landlord and Tenant collection, consumer debt and commercial debt collections have different rates. More than likely, you won’t pay the agency until the debt is collected unless there is a legal action involved that you will have to pay ahead of time. To be absolutely sure you’re hiring the best Collection Agency to suit your needs, ask the prospective agency what is their success rate.
Go Beyond Collection Agency Inc. will be the answer to satisfy your collection needs. They have teams with experience in collecting debts in most types of businesses. Your accounts will be handled with professionalism and they have tons experience to handle all types of situations that may arise with both you and your delinquent clients. Go Beyond Collection Agency Inc can be reached at 1-877-300-6006 or online at gobeyondcollect.com. They are also located conveniently in Hamilton at 100 Main Street East, Suite 201.
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