Monday, June 8, 2009

Commercial Debt Collection Agency

Use a Trustworthy Commercial Debt Collection Agency

While outsourcing commercial debt collection to a commercial debt collection agency can be helpful in collecting outstanding payments due to your business, it is imperative that you use a commercial collection agency which is bonded and licensed. A company which is well established and has taken the necessary steps to be recognized is unlikely to scam you, whereas there is nothing to stop scammers from claiming to collect on your behalf, only to keep the money received.

Commercial Debt Collection Agency Fees

Commercial debt collection agency fees differ from commercial debt collection agency to agency. It is best to opt for a service provider which charges a percentage of the amount recovered (anything lower than 25% is a good rate). While a percentage may seem high, you will not lose money on unsuccessful attempts, as you could when using a company which does not charge percentage based fees but charges a base rate instead, per month or per attempt.