When you need a Professional Collector

The longer you keep an account in your accounts receivable the less chance there is of successfully collecting it. And, the resources you will need to collect those accounts increase as your carry more and more bad debt in your inventory

Many times customers do not respond to your letters. The reasons may be that they are unwilling or unable to pay. You can minimize your losses by referring these customers to a Professional Collection Agency.

You may want to set up payment arrangements with your customers but payment terms fail for no valid reason. Irresponsible debtors place a strain on your business as no-pay and slow-pay debtors are responsible for up to 60% of the cost of collecting an account. Sending your customers to a collection agency will help lower your costs of recovering your debt.

Customers that change address or “Skip” cannot be easily located by most businesses as they do not have the tools to effectively trace lost customers. Collectrite has advanced search tools and dedicated skiptrace collectors that locate and recover your debt.