Should I Hire a Collection Agency?
In one word…the answer is YES! As a business owner, some signs back up this answer.
Take a look at your Accounts Receivable. If you have several clients that are sitting in the over 60 Days column, they are Past Due for payment and chances are they will move to the 90 Days column which makes them seriously overdue for payment. Your overdue clients maybe causing you to be late in paying your bills. Don’t let these clients affect your good credit and the way conduct business. Most businesses operate using the payment terms of Net 30, which makes clients sitting the 60-plus columns overdue for payment.
You could be sending overdue notices when a client reaches the 60 days mark or have your staff calling these clients. Both of these actions are costing you money. Especially if staff is doing collection reminder calls instead of selling. If your office staff is doing collection calls, they may not be happy and not familiar with on how collection and accounting functions should take place. You really don’t want to tarnish your good name and stay professional.
You are in business to make a living. Give your Receivables the proper attention they deserve, by enlisting the help of Go Beyond Collection Agency. Always keep in mind that the Collection Agency you hire is a reflection of your business and Go Beyond Collection Agency knows this. Ask what methods are used to actually perform the actual collection. The Collectors at Go Beyond Collection Agency will 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 and provide references.
If you think you have 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 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.
