As a business owner you understand the important of collecting on a bad debt. Bad debts that a customers owes to your business hang over your head and are unable to be taken off of your accounts receivables until they are collected on.
Once you have placed a judgement on a customer you will then begin the process of trying to collect on that past due debt. The process is not at all easy and can become very cumbersome for a business to handle. In fact, the process can be so frustrating and tedious that your business might not be able to handle it at all. When you find yourself in this situation it is almost always a good idea to outsource your collection efforts to a debt collection company.
A professional debt collection company will work with your business to help you collect on your debt. They will employ a professional debt collector who will track down the person you have issued a judgment on and negotiate with them to pay their debt. Rather than having someone within your organization train to track down bad debts you can simply outsource this task and save all of your employees a lot of heartache and time. Dealing with delinquent customers can sometimes be an unpleasant task so it is always a good idea to have trained professional do it for you.
A national collection agency will first perform an asset investigation once you have hired them. An asset investigation will analyze how much value the customer has in assets and they will make sure that the customer has sufficient assets to cover the judgement if their is a need to go to court to recover your past due debt. This investigation is extremely important because it allows you to have the upper hand in any legal proceedings. If you go into the court room blind, and without knowing how much value in assets your customer has, you might be trying to wring milk from a dry cow. Having a debt collection company handle this investigation for you allows you to have the upper hand in all of your negotiations with the customer.
Your professional debt collector will analyze the customer and create a profile for you to look at. Depending on the size of the debt there might be more than one debt collector assigned to your case. The goal of hiring a debt collection company is that they will provide all of the resources needed to track down the customer and get you as much money back as possible. If the proceedings have to go to court then your debt collector will be your advocate and help to advise you through the entire process. A national collection agency is a wonderful solution to the debt collection problem because they are trained to handle these situations. A national collection agency has the resources to handle any collection effort and a national collection agency can always get better results for you than you ever could on your own.
InterStation BPO maintains two tiers within its collection process. The first is dedicated to an amicable resolution of the debt, while the second is focused on legal proceedings that are designed to help enforce and collect the debt.
For an up-to-date approach to International collection procedures and guidelines, InterStation BPO is the best option for companies collecting international debts. If you have International claims you need collected contact us first.
For a FREE NO OBLIGATION QUOTE please fill our placement form to determine if we are the right firm for assisting you with your debtÂ recovery needs. The best part is, if we don't collect, you owe absolutely nothing!