Should You Hire a Collection Agency?

There is no one-size-fits-all answer when it comes to hiring a collection agency. However, there are some signs that should prompt business owners to consider bringing in outside help to recover outstanding invoices.

One key factor to wanneer mag je een incassobureau inschakelenV is how long you’ve been waiting for a payment. The longer an unpaid debt sits, the more difficult it is to collect on. A collection agency can help you get your money faster by contacting customers directly to collect payments on your behalf.

Another important consideration is the relationship you have with the debtor. Some delinquent customers are unable to pay because of medical or financial problems out of their control. In these situations, it may be in your best interest to turn the collection calls over to an experienced agency rather than trying to manage the relationship with a customer who doesn’t want to talk to you.

Collection Agencies: Your Key to Effective Debt Recovery

A collection agency is going to cost you a percentage of the amount they collect, so it’s important to weigh the pros and cons before sending them after your unpaid accounts receivable. But if the pros outweigh the cons, an experienced collection agency can be a good investment for your small business.

To ensure you choose the right debt collector for your business, ask the agency how many years they’ve been in business, what their success rate is, and how they handle high-value claims (i.e., those over $10,000). In addition, make sure to ask about their fees and rates. The top-tier agencies are fully compliant with consumer protection laws and committed to providing clients with a favorable return on investment, brand protection, and customer retention.