American Profit Recovery

OCTOBER 18, 2023

This is where Business-to-Business (B2B) collection agencies come into play. However, the relationship between a collection agency, its clients, and their customers can be delicate. Your B2B collection specialist will want to know the specifics about how your organization invoices commercial customers.

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Collection Agencies Collections Agency Collections Manufacturing 219

Enterprise Recovery

JUNE 3, 2022

But do you know if your collections efforts are broken? If your business has established in-house ( first-party ) collections, accounts receivable and/or debt collection agency partners, it is still a good idea to ensure you're leveraging the best resources, technology, and vendor pricing available.

Collection Agencies 205

Collection Agencies Collections Agency Collections 205

Enterprise Recovery

FEBRUARY 18, 2022

Enterprise Recovery is a debt collections agency that specializes in B2B account recovery. We do our best to recover what's owed to hard-working companies so they can retain working capital and continue their successful business ventures.

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Collections Collection Agencies Collections Agency Education 218

American Profit Recovery

JANUARY 9, 2024

That should include reminders either by mail or email, statements after a period of time and letters indicating possible collection activity for outstanding balances. If customers are not paying, your team must open those communication lines to the best of their ability. If your staff requires training, make that a goal quickly.

Collection Agencies 219

Collection Agencies Collections Agency Collections 219

American Profit Recovery

MARCH 1, 2023

Communication is your best strategy with debt collectors Never hesitate to pick up the phone when a collection agency calls. Communication is your best strategy with debt collectors Never hesitate to pick up the phone when a collection agency calls. Hello consumers, this one is for you. NOT “deal with.”

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Collection Agencies Collections Agency Debt collector Collections 202

American Profit Recovery

SEPTEMBER 6, 2023

Collecting debt is just something a business of any size will have to do. Not getting paid on time for many businesses can create an environment where that business makes mistakes in collecting that debt. At the very least, your business should understand the Fair Debt Collection Practices Act (FDCPA.)

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Collections Collection Agencies Collections Agency Fair Debt Collection 216

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. . However, hiring more than one collection agency will be very hard to manage.

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Collection Agencies Collections Agency Collections Debtor 130

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. We always advise the organizations we work with to have an internal debt collection strategy prior to issuing accounts to a collection agency.

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Collections Collection Agencies Collections Agency Debt collector 210

American Profit Recovery

JUNE 16, 2022

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. But at times, debt collections can challenge even the best employees and some calls can be stressful.

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Collection Agencies Collections Agency Collections 214

American Profit Recovery

MARCH 30, 2023

As a debt collection agency that works with small business and large organizations, we hear the disappointments regularly from people just like you we are consulting with. When we conduct our free consultations for debt collections , it’s one of the first things we hear. And you begin to wonder why.

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Collections Collection Agencies Collections Agency Fair Debt Collection 130

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. Getting paid quicker. Keeping your customers.

Collection Agencies 246

Collection Agencies Collections Agency Collections Original Creditor 246

Nexa Collect

MARCH 26, 2022

The first step in shortlisting a collection agency is to ask them to submit a Request-For-Proposal (RFP) so that you can pick the best collection agency at the best price. Is your collection agency nationally licensed or not? (If What is your average collection rate for our industry?

Collection Agencies 130

Collection Agencies Collections Agency Collections Debtor 130

American Profit Recovery

JANUARY 5, 2024

Building lasting and trusting relationships with consumers is one of the best ways to see continual growth in your organization. Choosing the right collection agency can save customer relationships Again, you heard that right. And that’s why you need to choose the collection agency for your business carefully.

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Collection Agencies Collections Agency Collections 201

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

JULY 19, 2022

Many businesses have the best of payment terms and expectations, but there are always circumstances that arise with certain customers that you’ll need to address when it comes to getting paid on time. Most people understand the basic concept of a collection agency. Cash flow is not just about the current circumstances.

Collection Agencies 183

Collection Agencies Collections Agency Collections Debt collector 183

Account Recovery

MAY 12, 2021

A hospital in Alabama should serve as an example to every type of collection operation, be it a third-party agency, creditor, or otherwise, that transitioning away from letters and phone calls and promoting digital engagement with patients and debtors is the best way to thrive in today’s economy. Jackson Hospital is a $1.2

Collections 214

Collections Debtor Creditors Healthcare 214

American Profit Recovery

JUNE 14, 2023

Deciding to use a debt collection agency can be a big step for a business. They want to know that they made the best decision possible for their organization. Here are some common concerns a business may have regarding using a debt collection agency and how a reputable agency can assist in these areas.

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Collection Agencies Collections Agency Collections Debt collector 130

Account Recovery

JANUARY 7, 2021

GETTING TO KNOW KIMBERLIE CLINE OF PRO COM SERVICES OF ILLINOIS Kimberlie Cline might have the best answer to describe a typical workday in the history of the “Getting to Know” series. Getting to Know Kimberlie Cline; How to Develop Consistency in Your Training Program appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections 246

American Profit Recovery

AUGUST 11, 2021

That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry. And that is definitely the case when it comes to debt collections. We have always wanted to do our part.

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Collections Collection Agencies Collections Agency Education 246

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. But it is an important step and getting paid on time and laying the groundwork for collection activity for non-payers.

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Collection Agencies Collections Agency Collections Debt collector 228

American Profit Recovery

JUNE 9, 2022

This means understanding why the consumer was actually sent to collections. You hire a collection agency that is credible, familiar with many industries and cares about not only their clients’ best interest but the consumer’s best interest. This is where we come in.

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Collections Debt collector Collection Agencies Collections Agency 221

PDC Flow

JANUARY 29, 2024

Debt settlement campaigns are initiatives where debt collection agencies offer a discount to consumers to boost collection on old or unresponsive accounts. Tax season is the best time to consider a debt settlement campaign within your debt collection agency. IS THE CONSUMER ON A PAYMENT PLAN?

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Debt settlement Collections Debtor Collection Agencies 88

American Profit Recovery

AUGUST 3, 2021

However, we find many companies both large and small businesses can make some critical mistakes when trying to implement collection activity for unpaid invoices. Here are just a few mistakes not to make when you need to collect money from customers. Waiting far too long to implement collection activity.

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Collections Collection Agencies Collections Agency Debt collector 216

American Profit Recovery

OCTOBER 11, 2022

Keeping track of the compliments that consumers have provided our debt collection team and others here on the staff has provided tremendous value and how we operate as a collection agency. There are several reasons why part of our collection team’s job is maintaining a record of the compliments received.

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Collection Agencies Collections Agency Collections Debt collector 209

Nexa Collect

JANUARY 24, 2022

The best time to assign an account to a collection agency is when the debt is right around 90 days past due. A collection agency will typically recover 75% of your money when the account is assigned at 90 days. Your internal staff is no match with a debt collector’s persistence and collection tactics.

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Collection Agencies Collections Agency Collections Debt collector 130

American Profit Recovery

MARCH 2, 2022

Before sending any customer to a debt collection agency, it’s important for a business of any size to conduct its due diligence to try and resolve that matter. Having an established relationship with a reputable collection agency is an important part of your overall accounts receivable program.

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Collections Collection Agencies Collections Agency 231

American Profit Recovery

JULY 30, 2021

We are often asked the question of whether working in the collection industry is a smart career choice. And there is no better evidence than earning a spot on the Best Collection Agencies to Work For list for 14 straight years now. The program is led by the independent InsideARM publication and the Best Companies Group.

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Collection Agencies Collections Agency Collections Manufacturing 161

American Profit Recovery

JUNE 28, 2023

There have been many shifts in the debt collection industry over the past several years. And the trends and updates that many in the collection industry have worked hard on, are moving the industry in a positive way. Check out the words that are becoming the “norm” in collections.

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Collections Debt collector 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. And one other thing we know.

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Collections Collection Agencies Collections Agency Debt collector 130

American Profit Recovery

SEPTEMBER 27, 2021

There are several reasons why organizations of all sizes would be looking for a debt collection agency. Whatever your reasons are, you will want to find the best agency that can understand your needs, be a great fit as well as treat your customers fairly. Maintain proper accounting records.

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Collections Collection Agencies Collections Agency Accounts Receivables Management 156

Nexa Collect

MAY 23, 2022

A debt collection agency will almost always allow you to make payments in installments. Installments result in more work for collection agencies. If you have cash available or can arrange it, then it is best to close the matter in one lump sum payment rather than dragging the matter. Peace of mind.

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Debt collector Collection Agencies Collections Agency Lawyers 130

PDC Flow

FEBRUARY 29, 2024

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? Lots of companies might want to establish a tax time collection campaign but don’t know how to prepare.

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Collections Debt settlement Collection Agencies Collections Agency 96

American Profit Recovery

APRIL 13, 2021

Sending a customer to collections can be a big step for a small business. Depending on the type of business you are operating you may have a regular need for debt collections, or you may just have a few accounts that have been lagging in payments. We have spoken with many business owners and others over the years about collections.

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Collections Collection Agencies Collections Agency 184

American Profit Recovery

JANUARY 3, 2024

From reviewing the processes and procedures your small business uses regularly, looking at cash flow, invoicing and how you use a debt collection agency, to just some basic goal setting, it’s important to review your small business goals annually.

Collection Agencies 205

Collection Agencies Collections Agency Collections Banks 205

American Profit Recovery

OCTOBER 25, 2020

Hiring a collection agency is a smart move as it provides an extension to your current accounts receivable program and your accounting department. However, hiring the right agency can also help you in several other areas of your business. 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

Nexa Collect

FEBRUARY 14, 2022

By law, all debt collection calls initiated by a collection agency must be recorded and preserved for three years after the date of the call. The primary objective is to check if there was a violation of debt collection laws (FDCPA laws), and those recordings can be reviewed if there is a need. .

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Collections Debt collector Debtor Collection Agencies 130

Nexa Collect

JUNE 28, 2022

Collection agencies offer two types of collection services to their clients. In the Fixed fee service a collection agency sends multiple written demands only. In the Contingency service one written debt validation notice is sent followed by collection calls from an experienced debt collector.

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Debt Recovery Collection Agencies Collections Agency Collections 100