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22
Jul

How Do You Choose an Ideal Collection Agency to Handle Your Defaulting Customers?

Written by admin. Posted in Account receivable collections, Debt collection services washington, Idaho collection agency

Collecting your business debts from delinquent clients can be a daunting task. The problem often worsens when some of your customers move without giving you a forwarding address. In such instances, hiring a debt collector to recover your accounts receivable amounts becomes necessary. Debt collection agencies make account receivable collections and they get paid a percentage of the outstanding funds, which they recover.

When should you hire an accounts receivable management collection agency?

A standard account receivable collections agency provides services, which may include skip tracing, formal demand letters delivery, e-mailing, litigation, calling, and online portal access. Generally, the chances of you recouping an overdue debt decline as more time passes. Many companies forward past-due accounts to debt collectors when the account receivable amounts are between 90 to 120 days past due date. If you wait for more than this period you’re less likely to recover y