3 Questions to Help You Find the Best Debt Collection Agencies
If you are a business owner and searching to recuperate your debts, finding an effectual, affordable and reliable debt collection agency can be an intimidating task. With countless collection agencies of unreliable size and experience out there referencing the wrong one will cost you hundreds, thousands, and quiet easily tens of thousands both in lost collections as well as in voracious collection fees and commissions.
On the other hand, there are 3 influential secrets to finding the best debt collection agencies that when you put to work for you will put aside you a ton of money as well as recover more of your debts faster… all without revealing you to the usual headaches and frustrations that so often go with debt collection.
So enlightening are these 3 insider questions that only a fool would pick a collection agency without first asking these three questions.
Question no 1 is warranty Collection Of My outstanding amount
Most agencies will affirm that no collection means no commission. Don’t be fooled. This is NO guarantee of collection but quite a transparent trick of dishonesty.
In reality when you go with these agencies you’re the one hazarding everything. Irrespective of whether or not they assemble your debt they’ll still charge you an outspoken fee for pursuing the debt. So not only do you end up with no money improved, you also have to pay for their incapability to recover your money. So you end up losing twice while they come out with money in their pockets.
What you really want is a guarantee that the money you spend with the agency will in fact bear a return in the form of a collected debt.
Bottom line: never contract with a collection agency that won’t pledge collection of your debts.
Question no 2 is handling uncertain Debts
Make no mistake..This one’s a biggie.
In a brutal effort to get out of pay their accounts more and more debtors falsely dispute their debt. And what makes this dirty approach so powerful is the fact that approximately without exception debt collection agencies will either refuse to have anything to do with disputed debts OR they’ll charge excessive fees.
But tiresome to sort out a dispute on your own, even if its deliberately fraudulent, is as financially crippling as it is emotionally annoying. The legal costs by yourself can very rapidly dwarf the size of the unpaid account.
Question no 3 is claiming An accusation On Collection
Of the three insider questions to ask, this one is by far the most decisive.
Settled, on the surface charging a commission on collection may not sound so bad. However, as you’re about to see charging a commission on collection from day 1 slaughters your chances of getting back all the money that’s rightfully yours.
Net result: even though it’s your debtor who gets stung with the collection costs, it’s you who eventually misses out as you fail to recuperate most of your debts.
It’s for this cause that you should totally refuse to deal with any collection agency that charges a commission from day one, especially if they don’t charge a one-off fixed fee and even more so if they don’t guarantee collection.