If you are a business owner who is recovering your debts,
then finding an effective, affordable and reliable debt collection agency can be a difficult task. Having the wrong
experience with and around numerous collection agencies of different sizes will
bring you hundreds of thousands, thousands, and thousands of dollars in quiet
relief in lost collection as well as in hunter collection fees and commissions.
However, these three dominant enigmas might help you to find the best debt collection agency that can save you a ton of money and at the same time recover your bad debts quickly. You just have a common headache and without the open disappointments that often go with debt recovery.
In order of increasing importance, here are 3 questions that will empower you to solve diamonds from dust quickly and correctly.
1. “Do you guarantee my debt collection?”
Most agencies state that any collection means no commission. Don’t be fooled this is not a guarantee of collection, but a transparent trick of deception.
In fact, when you go with these agencies you risk everything. Whether they collect your debt or not, they will still charge you a clear fee to get the loan. So not only do you charge no money, you also have to pay for the inability to recover your money. So, you take money out of your pocket, you lose twice.
What you really want is a guarantee that the money you invest with the agency will actually be a return in the form of accumulated debt. Never deal with a collection agency that will not guarantee your debt recovery.
2. “How do you handle disputed debt?”
Make no mistake. This is a big deal. More and more debaters in their desperate attempt to get out of their accounts to pay off the debt incorrectly and make this useless strategy so powerful that almost all debt collection agencies will refuse to do anything with the disputed debt or they will charge exorbitant fees.
But trying to resolve the dispute on your own is financially handicapped even if it betrays itself because it is emotionally violated. Legal costs alone can quickly shrink the size of unpaid accounts.
Fortunately, there are a handful of collection agencies to manage disputes on your behalf at some additional charge. This is why before you sign any agreement with a potential debt collection agency, you can test how they handle disputed debts.
Deal only with debt collection agencies that have systems including the credit report in place to deal with both real and serious disputes without charging you extra. As I say, this is a big deal.
3. “Will you take a commission on the
collection from day one?”
Asking three internal questions, it is the most important. Granted, charging a commission on surface storage would not look bad. However, you are likely to receive a commission on the collection from day one that is likely to get all the money back right for you.
If you do not have adequate terms of trade and you are liable to pay collection costs, then any money collected on your behalf will be adequately controlled by the Commission. Your money can skin anywhere in the top 20% and 40% of the recovery agencies that charge a commission from day one. There is a big price to pay to get the right money back from you no matter how you view it.
Alternatively, where you can legally pass on all collection costs to your debtor, you may be forgiven for thinking that. It is the debtor who is slapped with a commission. When you have all the money to keep.
However, what usually happens is 20% to 40% more than the original debt you have, these debtors dispute the debt in an attempt to avoid paying the debt. Even if it is your debtor who sinks in with the collection costs, you will eventually miss out because you fail to recover most of your debts.
It is for this reason that you should absolutely refuse to deal with any collection agency that charges a commission from day one, especially if they do not charge a fixed fee and even more if they guarantee a collection. Don’t give up to find out the reliable debt collection agency.
Asking three internal questions, it is the most important. Granted, charging a commission on surface storage would not look bad. However, you are likely to receive a commission on the collection from day one that is likely to get all the money back right for you.
If you do not have adequate terms of trade and you are liable to pay collection costs, then any money collected on your behalf will be adequately controlled by the Commission. Your money can skin anywhere in the top 20% and 40% of the recovery agencies that charge a commission from day one. There is a big price to pay to get the right money back from you no matter how you view it.
Alternatively, where you can legally pass on all collection costs to your debtor, you may be forgiven for thinking that. It is the debtor who is slapped with a commission. When you have all the money to keep.
However, what usually happens is 20% to 40% more than the original debt you have, these debtors dispute the debt in an attempt to avoid paying the debt. Even if it is your debtor who sinks in with the collection costs, you will eventually miss out because you fail to recover most of your debts.
It is for this reason that you should absolutely refuse to deal with any collection agency that charges a commission from day one, especially if they do not charge a fixed fee and even more if they guarantee a collection. Don’t give up to find out the reliable debt collection agency.
No comments:
Post a Comment