American Profit Recovery

FEBRUARY 9, 2023

A commercial collection agency is an agency that works to resolve debt between two businesses. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. Can you work on national commercial collection accounts?

Commercial Collection 202

Commercial Collection Collection Agencies Collections Agency Collections 202

American Profit Recovery

JULY 21, 2022

If your business has thought about hiring a collection agency to improve cash flow, but has never made a firm decision, you’ll want to listen up. Before you hire a collection agency. We have offered this basic advice numerous times over the years. But most of my customers pay on time….

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Collection Agencies Collections Agency Collections Debt collector 228

American Profit Recovery

MAY 5, 2023

We always advise the organizations we work with to have an internal debt collection strategy prior to issuing accounts to a collection agency. There are many ways to get your customers to pay before handing that account over to your debt collection agency.

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Collections Collection Agencies Collections Agency Debt collector 210

American Profit Recovery

SEPTEMBER 30, 2020

Hiring a collection agency to help with your cash flow is an important decision you need to make for your organization. We spend a substantial amount of time speaking with business owners, accounting professionals, and business managers about how they can improve their cash flow through a reputable debt collection program.

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Collection Agencies Collections Agency Collections Debt collector 241

American Profit Recovery

DECEMBER 8, 2020

In the not too distant past, a business that hired a collection agency was doing so as a last resort. They had customers that were not paying, they called, sent letters, and decided that the only thing they could do was to get rid of that customer and send them to collections. That should be your number one goal.

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Collection Agencies Collections Agency Collections Original Creditor 246

American Profit Recovery

JULY 19, 2022

But we all know that there are a certain percentage of your customer’s over time that will drag out payments, not pay you at all, or run into circumstances where they lose the ability to meet their financial obligations. Most people understand the basic concept of a collection agency. Improving overall cash flow.

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Collection Agencies Collections Agency Collections Debt collector 183

American Profit Recovery

MAY 31, 2022

Choosing a third-party collection agency Is a big step for some businesses. Many businesses have tried various tactics and strategies using internal resources, but there comes a time when you need to seek outside help for collections. A collection agency should understand respect and dignity.

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Collection Agencies Collections Agency Collections Debt collector 213

Nexa Collect

DECEMBER 30, 2022

The primary reason for not following up on receivables is that most businesses are short-staffed, and their staff have little or no time left after their primary job responsibilities are completed. In such scenarios, it may seem evident that businesses should hire a collection agency, but they often do not.

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Collection Agencies Collections Agency Debtor Collections 130

American Profit Recovery

JANUARY 3, 2023

Just about every business we encounter wants to make the process of getting paid on time much easier. Getting late-paying customers to the table and small business debt collections can become an area where many organizations just do not have the available resources. Be clear on how and when your business expects to be paid.

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Collections Collection Agencies Collections Agency Debt collector 193

American Profit Recovery

SEPTEMBER 14, 2022

Before your business decides it’s not a good idea to use a collection agency or you simply cannot afford it, we have a few pieces of advice you should consider before shutting the door on getting third-party help. There is much more to consider before you decide not to use a collection agency to improve your cash flow.

Collection Agencies 207

Collection Agencies Collections Agency Collections 207

Nexa Collect

AUGUST 17, 2022

You can legally hire more than one collection agency at a time, provided you do not assign the same account to multiple collection agencies. If one debtor starts getting contacted by different agencies, you can be sued for harassment. . When does it make sense?

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Collection Agencies Collections Agency Collections Debtor 130

Nexa Collect

FEBRUARY 9, 2023

However, not all their invoices get paid on time. Collecting money for Lumber Companies Nationwide Contact us for a free consultation Lumber companies often need professional help to negotiate non-payment cases and work with the legal team for lien processing and collection of delinquent accounts. These debts can be B2B or B2c.

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Collection Agencies Collections Agency Collections Debt collector 130

Nexa Collect

JUNE 10, 2023

AI, or artificial intelligence, has the potential to impact the field of debt collection significantly. Debt collection involves pursuing individuals or businesses to repay outstanding debts. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

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Collections Debtor Collection Agencies Collections Agency 130

American Profit Recovery

JUNE 14, 2023

Deciding to use a debt collection agency can be a big step for a business. Of course getting late and non-paying customers to the table is a top concern, there can be other concerns that a business of any size wants to address before taking the next step in debt collections.

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Collection Agencies Collections Agency Collections Debt collector 130

American Profit Recovery

JUNE 9, 2022

Every now and then we will hear this when talking to a consumer and it always reminds me just how important of a role a debt collector plays in the economy. While the person owing the debt may not understand, we have to walk a very thin line at times. This means understanding why the consumer was actually sent to collections.

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Collections Debt collector Collection Agencies Collections Agency 221

Nexa Collect

JANUARY 14, 2023

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Extra costs to comply with these laws would be passed on to businesses /creditors, who are already unwilling to pay the current costs associated with hiring a professional debt collector.

Debt Recovery 130

Debt Recovery Government Collection Agencies Collections Agency 130

American Profit Recovery

NOVEMBER 2, 2022

To say there is endless misinformation about debt collections in the media and on the Internet would be a vast understatement. Right up front, you should know that the debt collection industry provides critical and necessary support to not only consumers and the business community but the overall economy.

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Collections Collection Agencies Collections Agency Debt collector 130

American Profit Recovery

FEBRUARY 21, 2022

We have assembled a fantastic group of professionals here and we believe we have some of the best debt collectors in the country. And that must include making sure the consumer is set up for success with their current past debt situation. So what do our debt collectors want you to know about them?

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Debt collector Collections Collection Agencies Collections Agency 206

American Profit Recovery

AUGUST 3, 2021

Most of the time, you see a check in the mail, or they arrange for other types of payments such as a credit card. Other times, it feels like an endless waiting game to get some clients to pay. They may feel some of these are the right thing to do but making these mistakes can often make it more difficult to resolve the debt.

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Collections Collection Agencies Collections Agency Debt collector 216

PDC Flow

FEBRUARY 29, 2024

For many consumers, a tax return is the perfect opportunity to take control of outstanding debts. That’s why tax refund season is one of the busiest times of the year for debt collection agencies. Does your agency take advantage of tax refund season to boost revenue and close more accounts?

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Collections Debt settlement Collection Agencies Collections Agency 96

American Profit Recovery

SEPTEMBER 27, 2021

There are several reasons why organizations of all sizes would be looking for a debt collection agency. Or maybe your organization regardless of the size has limited internal resources to handle the task of getting your customers to pay on time. Many times, this is where a financial dispute begins.

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Collections Collection Agencies Collections Agency Accounts Receivables Management 156

American Profit Recovery

MARCH 31, 2021

There is one thing we know to be true after assisting countless dental practices across the country, and that is, owning and managing a dental practice can be just as stressful at times. Extending courtesy such as the benefit of the doubt is just the right thing to do when collecting on an overdue dental bill. Being nice just works.

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Collections Collection Agencies Collections Agency 242

American Profit Recovery

JULY 5, 2021

And before hiring a collection agency, you should get comfortable with a few things. We’ve talked numerous times here about the importance of invoicing on time for any size business. If you have clients, there will be a percentage of them that will either pay late or in some cases not pay at all.

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Collection Agencies Collections Agency Collections 230

American Profit Recovery

JUNE 26, 2023

We have a new collection manager here at American Profit Recovery and her name is Angela. Angela will now put a lot of time and resources into interviewing, hiring and training a team of debt collection professionals. I want to hire people that are looking to be the future managers,” says Angela. “It’s

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Collections Collection Agencies Collections Agency 130

Nexa Collect

JANUARY 12, 2022

If you plan to outsource your accounts receivable to an aggressive collection agency, then kindly read this article and be aware of all the risks you are taking. Times have changed when collectors could easily put aggressive pressure on debtors or use forceful tactics to recover your money, without any repercussions.

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Collection Agencies Collections Agency Debt collector Collections 130

American Profit Recovery

DECEMBER 4, 2020

If your organization has had challenges in getting customers to pay or pay on time, you have most likely taken the steps to work with a collection agency. The right agency will help you get back on track as well as help your customers find a solution to their ongoing debt. Onboarding. Submitting accounts.

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American Profit Recovery

OCTOBER 25, 2020

From bringing in enough business, being able to handle that business, everything to do with hiring and firing, cash flow, legal matters, and so much more. Customers and clients paying you on time or paying you at all can be one of your biggest concerns. How can a collection agency help me in other areas of my business?

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Collection Agencies Collections Agency Collections Debt collector 161

American Profit Recovery

DECEMBER 29, 2022

Consumers and the business community should be comforted knowing there has been a consistent industry-wide effort in collections to humanize the process. More and more collection agencies understand the value and critical nature of tactful and respectful communications with consumers. Consumers thank nice debt collectors.

Debt collector 130

Debt collector Collection Agencies Collections Agency Collections 130

Nexa Collect

JULY 1, 2021

However, many customers do not pay on time, leaving the storage unit’s rent overdue by many months. There are several complex legal laws involved, even when you want to collect your own money. The involvement of a collection agency changes the perception of your delinquent customers. Need a collection agency?

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Collection Agencies Collections Agency Collections Debt collector 130

American Profit Recovery

JUNE 11, 2023

It’s June 2023 and household debt just set an all-time record. The New York Federal Reserve issued a report in May 2023 that indicated a new record in household debt. Americans have racked up over $17 trillion in debt. You can mitigate your risk by getting more assertive with your collection practices.

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Collection Agencies Collections Agency Collections 130

American Profit Recovery

JUNE 16, 2022

Recently we held our annual employee week and it was a long time coming! But when it came to debt collections, there were many more challenges that needed to be worked out given the confidentiality of our industry and the complexity of working as a nationwide debt collection agency.

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Collection Agencies Collections Agency Collections 214

American Profit Recovery

JUNE 20, 2022

We learned a lot about debt collections during the COVID-19 pandemic. One of those lessons was that businesses need to maintain lines of communication with consumers in good times and turbulent times. The effects of the pandemic continue to cause challenges for consumers and the US economy as well as many other factors.

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Collection Agencies Collections Agency Debt collector Collections 190

American Profit Recovery

NOVEMBER 1, 2021

But there are times when you must hit the pause button to look at critical parts of your business. Schedule time with your team and especially the person who is overseeing your books such as your bookkeeper. You’ll also want to take time to get a deeper snapshot of your business by meeting with your CPA.

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Collection Agencies Collections Agency Debt collector Collections 201

American Profit Recovery

AUGUST 27, 2021

If a customer does not have a basic connection to your company and your team, you run the risk of a dispute if that time ever comes. This involves the people you hire, the amount and depth of training you provide those people as well as educating them as to how important it is to treat every customer like your only customer.

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Collection Agencies Collections Agency Collections Education 144

Nexa Collect

FEBRUARY 26, 2021

There are times when repeated follow-ups with your customer simply does not help, and your past-due accounts receivable start to dig into your profits. It is fairly common in the breeders’ industry to assign past-due accounts to a debt collection agency. Looking for a collection agency : Contact us.

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Collection Agencies Collections Agency Collections Debt Recovery 130

Nexa Collect

SEPTEMBER 23, 2021

Several collection agencies have been using electronic mediums like emails, social media platforms, and SMS to contact debtors. This approach is significantly different from traditional collection calls and letters. Therefore many collection agencies use a blend of traditional and electronic mediums.

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Collections Collection Agencies Collections Agency Debtor 130

Taurus Collect

JANUARY 10, 2024

Navigating the terrain of unpaid business debts can be a formidable challenge for many businesses. In such circumstances, resorting to a commercial debt collection agency becomes not just an option, but a necessity. A popular choice among UK businesses is a “ No Cure No Pay ” debt collection service.

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