Is it Time to Hire a Debt Collection Agency?
With the economy so bad, and the unemployment statistics at record highs, late payments are not uncommon.
More and more people are finding it harder to meet their financial obligations on time.
Business owners...
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Is it Time to Hire a Debt Collection Agency?
With the economy so bad, and the unemployment statistics at record highs, late payments are not uncommon.
More and more people are finding it harder to meet their financial obligations on time.
Business owners are
suffering because they are providing products or services on credit that they are not getting paid for.
But how does
a business owner determine when it is time to hire a debt collection agency to provide their services?
If a customer account becomes 30 days past due, you have the right to turn it over to a collection agency for
assistance.
However, most businesses are willing to work with customers who are 30 days behind in order to
become current.
Payment arrangements are common.
As long as delinquent customers keep their word and stick to
the payment arrangements they made, debt collection services are not necessary.
If a customer does not stick to
arrangements that they have made to pay, professional debt collection may b
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