Unfortunately, dealing with outstanding payments is a normal part of running a business. However, that doesn’t mean that you have to accept the fact that your clients aren’t paying their bills! By hiring the right collection agency, you won’t have to write off as many ignored payments.
So, how do you find the right commercial debt collection agency?

1. Look for a commercial debt collection agency with experience

A good company will have years of experience in debt recovery services. Plus, they’ll have experience in several different states. After all, the debt collection laws can vary from state to state, so you’ll need a commercial debt collection agency that has the experience under its belt to handle all of your delinquent clients properly – no matter where they might be!

2. Look for a company that has lawyers in-house
A great commercial debt collection agency understands that debts aren’t always recovered the “easy way”. Sometimes, you have no other choice but to get a lawyer involved. That’s why good debt recovery services will include handing your case over to a lawyer, if need be. That way, you don’t have to worry about finding a lawyer yourself!

3.Look for a commercial debt collection agency that knows how to collect payments

It sounds so obvious; after all, isn’t that what every collection agency does? Unfortunately, there are collection agencies out there that are great at tracking down delinquent clients – but aren’t so great at actually making them pay up. If your client is ordered by a judge to pay you, a good commercial debt collection agency will know exactly how to enforce the order. They’ll have procedures in place – like bank garnishments – to ensure that you really do get the money you’re owed.

4. Look for a company that can handle your accounts receivable management duties

You don’t just have to call in a collection agency when you’ve got delinquent bills. A good company will be able to help you prevent those bills from becoming delinquent in the first place – by taking over your accounts receivable management services. That means they’ll handle your billing from start to finish – by sending out the initial bill, then by doing follow-ups. If clients don’t pay their bills on time, your collection agency can switch from “accounts receivable mode” to “collection mode”.
By outsourcing your accounts receivable management duties, you don’t have to worry about hiring and maintaining your own staff or worry about collecting payments yourself. It’s a great way to save time and money!