How 3rd Party Debt Collection Agency Help you in Tracing a Missing Debtor

Bad Debt Collection is becoming one of the main problems for many small businesses. Overall it isn’t always possible to recover payments. Especially when it becomes difficult to hold the customer. When your posted letters are returned, phone calls ring unanswered or emails to bounce, it shows that now you need to call in the help of a Bad Debt collection agency

Before your debt reaches the critical stage make sure you take some various actions to prevent gone-aways in the first place. You can also avoid debt problems by setting up accounts correctly at the beginning of any transactional relationship. If you are struggling to track your debtor, the expert of 3rd party Debt Collection offers some useful advice on confirming if your customer has genuinely disappeared or not.

1. In the beginning, you should contact the royal mail to know if your debtors are still at the address you have. Mostly when people relocate, give their local post office a forwarding address, as this will require a signature of the resident.

2. Try to call on all the phone numbers you have, such as direct line, past mobile numbers, current mobile numbers. And try to speak to the debtor to verify the contact details. You can also try to call at different times of the day and call from different numbers. Read more...