Unpaid receivables are a very common situation in a business. But, to allow these to remain outstanding is not commendable. According to the SBA (Small Business Administration), 75% of United States businesses have customers that never pay or pay invoices late. In this event, the business can either hire a collection agency to collect the debt payment or recover the money itself.
When using internal staff, sending notices to follow up invoices can be a productive way. A debt that is within 30 -90 days, which invoices are due are collected. The employees can receive positive results from emails or phone calls about the customers who owe money. Collecting most is its receivables without looking for an alternative debt recovery solution will be a lucky business. It would be a serious case if large amounts of outstanding invoices or that take 90 days past due. Using the International Debt Collection service to obtain money due from customers allows the business to focus on development and growth.
Debt collection overseas made easy!
Employees spending time collecting debt is taking their time on primary work responsibilities. It takes time to collect a debt, especially if the debtor is hard to talk to. If a company had reached the point to hire staff members to handle the collection of debt, it must be a serious decision to take. Looking for someone well-trusted to handle money for the company is uneasy to find. You might hire someone who will run away with the money collected. If it happens, it can have a great impact on your business. So, it is so hard for your company to recover, especially if the money is a large amount of cash. In this arrangement, obtaining a reliable International Debt Recovery with the legal right to collect debt on your behalf is a great decision to make. The agency will get a percentage of the collected amount that serves as their service fee. But, the agency doesn’t ask for higher percentage rates; it is at a low cost. The agency has expert debt collecting methods and agents when dealing with customers upon paying their past due invoices. These professionals are wary and experts on their debt collection approach. They know what to say and when to call without violating any law.
Are they legal?
Indeed, these firms are legal and licensed. It is regulated by the government following the rules, terms, and policy agreement; on the proper debt collection process. The agency is advanced in collecting debts as they use computer software on finding customers who have moved outside the country or overseas. The automated dialers method to place one call after the other allows them to be extremely productive rather than the employees of the company can.
When a company is faced with unpaid invoices or those that are past due, considering moving the debt collection duties to an international debt recovery agency is a better idea. The debt recovery agency works on the debt collection process, while you focus on how to grow and develop your business; to become productive. Let the debt collector experts handle the case on your behalf!