Choosing a collection agency.
Figuring out how to choose a collection agency is hard, that’s why we did the work for you!
What type of collections do you need?
Here at Commercial Receivers Incorporated, we specialize in commercial debt collection. That is when a business is owed money by another business. To find out more about commercial collections, please visit our FAQ page. We are not in the business of servicing consumer debt, medical debt (at least from patients) or any other debt, other than from one business to another.
CHOOSING A COLLECTION AGENCY THAT IS RIGHT FOR YOU.
Choosing a collection agency can be a daunting process. That is why we have done all of the work for you! No matter the size or age of the claim, Commercial Receivers Incorporated has you covered.When choosing a collection agency it is important to keep a few key factors in mind:
THE AGE OF THE DEBT IN NEED OF COLLECTION
Determining the age of the debt in need of collection is an important step in figuring out what collection agency to use. The process for collecting debts that are 120-180 days old is VERY different than the collection of newly delinquent debts. Here at CRI, we are experts at collecting debts of any age.
THE SIZE AND FREQUENCY OF YOUR COLLECTION NEEDS
Depending on the size and frequency of your collecctions, you should work with a smaller or larger collection agency. At CRI we specialize in both small and large claims and can handle any frequency of collection you throw at us. We do it all so that you don’t have to!
THE AGENCY’S APPROACH TO COLLECTIONS
Different agencies have different approaches to collections. An important thing to keep in mind is that any collection agency you hire is an extension of your own company. Do you want an agency that is going to harass your clients, or do you want one that is going to make sure the debt is collected appropriately?
Our aim is to rapidly determine whether your debtors will promptly pay. If terms are necessary, we make sure they are reasonable and not over-extended. If we determine your debtors will not cooperate, we move speedily ahead, including legal action if necessary. But we do not forward claims to attorneys in a frivolous manner. That step is taken only after your debtor demonstrates not only to us, but you as well, that there is no other alternative.
WHAT IS IT LIKE TO WORK WITH THE AGENCY?
Does the agency allow you to stay up to date on all collection efforts? Are you able to contact the agency any time to discuss your case? These are all questions that need to be thought of before choosing a collection agency.
At Commercial Receivers Incorporated we pride ourselves in keeping you 100% informed on what is happening with your case. We make sure that your files contain all of the same information as ours and that the only delay is the time it takes to contact you. We have experts available any time during our business hours to discuss your case and answer any questions you might have.