A friend told me of the difficulties he is facing collecting outstanding payment from a couple of customers. He said that it is very frustrated for him because the amount is not big and it is not small either. The cost of chasing for it is sometimes higher than the money owed, especially if he engages a lawyer to issue a demand letter.
I asked him if he has thought of engaging Collection Agencies to do the job instead, since they are a lot cheaper but just as professional when it comes to collecting debt. It doesn't matter what industry he is in. Companies like American Profit Recovery deal with creditors in almost every industry and have a very successful track record too judging from the total monies resolved for their clients to date.
As a business person myself, I am very aware that often times, it is the ability to manage our accounts receivables that determines the profit or loss of our business for the year. My friend definitely could not go on like this as it drains his energy and resources. It would do his business good to hand over the task to professional collection agents who are very diplomatic yet effective in their approach.
I asked him if he has thought of engaging Collection Agencies to do the job instead, since they are a lot cheaper but just as professional when it comes to collecting debt. It doesn't matter what industry he is in. Companies like American Profit Recovery deal with creditors in almost every industry and have a very successful track record too judging from the total monies resolved for their clients to date.
As a business person myself, I am very aware that often times, it is the ability to manage our accounts receivables that determines the profit or loss of our business for the year. My friend definitely could not go on like this as it drains his energy and resources. It would do his business good to hand over the task to professional collection agents who are very diplomatic yet effective in their approach.
*** This post has been sponsored.
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