Past Due Account Collections

Successful Past Due Account Collections

Many businesses struggle to extract payment from debtors who owe payments on their accounts, and this can be particularly difficult where there are logistical problems such as debtors residing in another state or country involved. Successful past due account collections can be achieved, however, with the assistance of a debt collection agency which specializes in this area. A debt collection agency can elicit payment through persistent contact carried out in a professional, law-abiding manner.

Past Due Account Collections and Commission

Different collection agencies make use of different payment systems. A collection agency which charges a commission of a fixed percentage on all successfully collected amounts is preferable to one which charges a monthly, quarterly or yearly fee, as a fixed fee will not take into account the way in which collections can fluctuate in number and success. Due to the element of the debtor’s cooperation, it is best to use a company which only charges commission on successful past due account collections, as money will not be wasted on the occasional unsuccessful endeavor.