Engaging The Services Of A Collection Agency | Ramblings of an e-trader

Friday, 10 April 2009

Engaging The Services Of A Collection Agency

I recently read an announcement by a major local company that they will not engage the services of a collection agency to chase for payment from bill defaulters. I think that the economy has become so weak that many people are unable to pay their bills anymore but this company sympathizes with the customers and decided not to chase for payment yet.

Unfortunately, not all companies are as lenient. It's not that they are not generous or that they do not sympathize with their customers or understand their predicament, sometimes, that little bit of bad debt would mean a profit or loss for the company.

I think that if it's really necessary, a professional Collection Agency should be brought in. At least, this would help ease the burden of staff that may have to collect debt when it is not even their job. With this task taken off their hands, at least they could be more productive doing what they are trained to do.

American Profit Recovery is a collection agent with experience in various industries, helping clients to turn a profit from bad debts. What makes them different and refreshing is that they one charge a flat fee for their job. This translates to even greater profit for the clients!

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