Why do you need Collecting Help???

As someone who owns and manages a small business, chances are that you know the purpose of a collection agency to recover your clients that are in severe arrears. However, there are some things you should be aware of as a business owner or a person who owes money. As a business owner, a collection agency works for you in collecting your bad debts.

If you and your staff are using up precious time in the workday, it’s time to hire a professional to do the collecting of your chronically overdue accounts. Wouldn’t be better all around if the person that you hired to perform a particular job do that task? Even staff in your accounting department aren’t professional collectors. If your Accounts Receivables has a lot of clients running over 90 or 120 days, the time has come to bring on a collection agency. If those columns are filling up, you may be worried that you may not get paid at all. Actually, most small businesses have close relationships with their clients and those clients could be taking advantage of your good nature. Let a collection agency relieve the pressure of asking your clients for money. 

A collection agency specializes in debt recovery, such as Go Beyond Collection Agency, and their employees have the knowledge and training to deal with your clients that are in arrears. Don’t think that collectors will contact your clients in an unethical manner. There are certain rules that are put in place each province to protect the collection agency, the business owner and their clients. Find out how the process of contacting your clients will happen and how the debt will be collected. You need to be kept up-to-date, so confirm that will happen on a regular basis. A good collection agency, like Go Beyond Collection Agency will explain all this you and be transparent in how they are to be paid themselves. Make sure the collection agency is insured and carries Professional Liability Insurance. You shouldn’t be worried about the cost of using a Collection Agency. The Agency is usually paid a percentage of the amount collected. The actual employees who work for Collection Agencies are trained professionals. 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 for all sides involved.