Daljeet Sidhu offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Collection Agency - Do You Know How Soon You Need to Hire One? Author: Daljeet Sidhu Category: Sales, Small Business, Business Word Count: 518 Keywords: collection agency,collection service,collection agencies,collection services Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
Are you having hard a time collecting unpaid bills from your customers? Do you find it difficult to keep track of the payments your clients owe to your business? Do you want timely collection of your money? If yes then you need to hire a collection agency. Studies have shown that the possibility of collecting an unpaid bill drops dramatically within a few months, so it is important to act on those delinquent account sooner than later. All companies at some point face delinquent accounts that need to be collected. Often it is easier to hire services of a professional collection agency to recover the overdue amounts. Collection agency locates the debtors and collects the money on your behalf. Studies have shown that the possibility of collecting an unpaid bill drops dramatically within a few months, so it is important to hire the collection agency early to improve the chances of successfully collecting the money and to recover a substantial portion of your unpaid accounts. For example according to a survey by the Commercial Collection Agency Section of the Commercial Law League of America, the probability of collecting an overdue account drops to 73 percent after just three months, to 57 percent after six months, and to only 29 percent after one year. Using an agency saves you time and money. They are simply more effective than you can be in recovering delinquent account. They have trained professionals backed by phone systems, computers, and software to make them more effective at collections. Downside to using a collection agency is that they charge between 15 to 50 percent of what they recover. But it is worth every penny. You will still end up with more than what you would if you try to collect yourself. But how do you know it is time to hire a collection agency? There are some tell tale signs that your customers are not going to pay you and you may need a professional agency to collect the payments. One of the first signs of a customer unwilling to pay their bills is excessive complains that are mostly unwarranted. They will call in repeatedly to customer service and find problems, ask for discounts and even ask for free service. Some of the other common signs are customers simply denying that they owe you money despite concrete evidence. They will frequently ignore collection notices or will be unresponsive to your phone calls. As a last resort many of them will change their contact details without informing you. Their mail will bounce and the phone number on file will show as disconnected. As a business owner, it is important to read into these signs of trouble and take action immediately. Ask your friends and business associates for recommendations. You can also find multiple collection agencies at a B2B marketplace on the internet or the yellow pages. Call up a few and ask them about their mode of operation. It is important to feel comfortable with their approach before hiring them. Additionally make sure they are licensed to operate in your state and will work within the law to collect your money. Daljeet Sidhu is Co-founder at http://www.tradeseam.com . Sellers JOIN US for sales leads http://www.tradeseam.com/smallbusiness/leads/small-business-leads. Collection Agency Price Quotes http://www.tradeseam.com/smallbusiness/business-resources/get-free-quotes/966/Collection+Agencies. ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
