Frequently Asked Questions

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A debt collection agency is an organization that specializes in collecting unpaid debts from individuals or businesses. Debt collection agencies typically work on behalf of the creditor and operate independently from the original creditor, such as a bank, credit card issuer, or loan provider. They are responsible for contacting the debtor, negotiating payment arrangements, and pursuing legal action if necessary.

A debt collection agency can benefit a business in many ways. Agencies possess the necessary experience and resources to efficiently collect unpaid amounts from debtors while also protecting the interests of clients. We offer a more cost-effective solution than hiring in-house collectors who would need to be paid salaries and benefits. This can help businesses save money while still ensuring that debts are collected in a timely manner. Additionally, debt collection agencies provide assistance with documentation and record-keeping, which can help businesses stay organized and ensure compliance with relevant laws. Finally, a debt collection agency can potentially recover bad debts that would otherwise be uncollectible, thus providing an additional source of revenue for businesses. 

Our debt collection services have zero upfront costs. We retain a portion

of the funds recovered for your business based on an agreed upon percentage prior to the collection process. Our cost directly correlates with our service. If we cannot collect, then there is no cost to you.

Having an in-house collections department is important for any business that extends credit to its customers, but this alone may not always be enough. A debt collection agency can provide additional support and expertise when it comes to collecting outstanding payments. A debt collection agency will have more experience in the field and knowledge of various laws that must be adhered to when pursuing unpaid debt. They will also likely have access to resources and techniques not available to the in-house collections department, such as specialized software and databases that can be used to track down debtors more efficiently.  Ultimately, a debt collection agency can provide an effective way to ensure that outstanding payments are collected in a timely and professional manner. 

Lastly, hiring a debt collection agency may free up resources for the in-house collections department, allowing them to focus on their core duties instead of being bogged down by difficult cases. By outsourcing this particular task, businesses can save time and money while obtaining the same, if not better results.