Should you be going for a commercial collection agency?

 A commercial collection agency basically deals with collecting a debt incurred by one business from services rendered, money loaned for use by other business or goods sold or leased. Specializing in this type of debt collection, the trained professionals do their best. The certified professionals of dlr collection agency makes use of over 10 years of experience in the industry to motivate your customers to a pre-suit resolution saving you resources, time and money in litigation!

How the commercial collection agency helps?

If your business has quite a number of long past-due invoices and your employees are not able to successfully collect payment on these invoices, then it might be time to go for a professional commercial collection agency. Make sure you carefully assess all agency candidates. Do your research before hiring a local agency. Check references and request financial information.

Start turning over your past due accounts for collection, once you have hired a reliable agency. Ensure to turn over all relevant account information including: proof of delivery, invoices, contracts, copies of purchase orders, all correspondence received or sent on the outstanding items along with any claims of shortages, copies of customer’s cheques for any payments made, returns or breakage, non-confirming goods and copies of corporate guarantees or security agreements to make the collection process easier for them.

Remember, the more back up information you can give your agency, the better becomes the chances of a successful collection.

Let the agency do its job after you have turned an account over to your agency. They will be most efficient in handling the matters next, if they are left to do what they do best. A professional agency will always offer daily or monthly summary reports to you and more detailed reports when anything substantial has occurred.

Most commercial collection agencies receive the payment in the form of a commission which often varies from agency to agency. A reputable debt agency collection doesn’t charge you until and unless your outstanding debts are successfully recovered!