Hire a Collection Agency | Save Time and Money
Considering hiring a collection agency is a situation many business owners find themselves in; a collection agency is a lot like a detective agency, except it focuses all of their energy on unpaid debts.
Locating debtors takes time and skill. It’s what they do, searching databases, paying for access to these sites, and knowing just where to turn to find someone. Often times it takes a large chunk of time out of your business to spend the time and energy searching for people.
A collection agency will contact family, friends, and even neighbors in hopes of finding a lead on the debtor. With a collection agency having more resources available to them than the average person or business, it is more efficient as a business owner to turn accounts over to a collection agency.
When is the right time to hire a collection agency?
Generally if an account is 120 days after the invoice date you would want to give a collection agency a call and look into their services. Chances are you have sent out multiple invoices and made a few calls. Keep in mind; this is taking away from yours or your employee’s time chasing down these accounts.
Let an agency with experience, resources, and the knowledge of collection laws collect these debts for you.
EACM, Inc. 