Small Business and Collection Agencies

Dawn S. • November 11, 2021

If you run a small business, chances are you have unpaid invoices that affect your bottom line...

It is thought that 10% of invoices are never paid or written off as Bad Debts. More than likely, you don’t have the staff who has the time to chase down these clients for payment. If this the case, it may be the time to hire a Collection Agency to work on your behalf.


If you are considering adding a Collection Agency to your team, do your research. You should hire a company that has experienced staff that understands your type of business and can prove they can get results. Go Beyond Collection Agency has serviced many types of companies and will work diligently on your behalf. You should ask how the Collection Agency and their Collector will represent you. Remember, they are working on your behalf. With that in mind, you should receive updates regarding the clients you have given to the Collection Agency. You should also be sure that the Collection Agency you hire is licensed and bonded, like Go Beyond Collection Agency.


The use of a Collection Agency will not harm your good name, if that is holding you back. Enlisting the help of a service like Go Beyond Collection Agency will prove to your clients that you take your business serious. A good Collection Agency will keep your good name intact to your customers. Think about it, a Collection Agency should be very aware that they representing you, their client and would like your repeat business.


You shouldn’t be worried about the cost of using a Collection Agency. The Agency is usually paid a percentage of the amount collected. Go Beyond Collection Agency prides themselves in being transparent to your clients and to you as they work with them. The actual employees who work for Collection Agencies are trained professionals. Let them service your bad payers. They will know how to handle your clients. You should feel comfortable enough to ask about the tactics that the Collectors to recover your debt. Perhaps ask the Agency for references if you can’t find online reviews. When looking for a prospective Collection Agency to work on your behalf, find out if they’re insured, licensed, bonded and what their success rate is. A Go Beyond Collection Agency will work with you. It’s generally normal to let an account go past 90 to 120 Days, but if it goes past that, it’s time to call a Collection Agency for assistance.



For help with collecting your bad debts, give Go Beyond Collection Agency a call at 1-877-300-6006. They believe in transparency, are COVID sensitive, licensed and insured. You can reach out to them online if you prefer by completing their online form.

 

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