Find a credit monitoring service.
As a commercial collections agency, we’ve learned that If you extend a lot of credit, then your risk is higher, and the return on the expense of a credit monitoring service is warranted. There are several such services out there. Cortera is one of them. Cortera not only monitors credit but also provides Yelp Reviews like setting where creditors can leave comments about their experience with the debtor.
Sometimes, the decision to extend commercial credit is simply overwhelming. Credit monitoring services at least give you a reasonable understanding of the client’s past. As always, the past does not equal the future, however, the more knowledge you have, the better prepared you are to grow your business with reasonable credit policies. A side benefit is the more educated you are, the more likely your commercial collections agency is to quickly collect the funds owed to you when you are unable to collect internally.
Have a problem account? Give us a call and take advantage of our introductory 10% Commercial Debt Collection Rates.