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Debt Recovery Collection Service
If you are a business owner with an aging bad debt or
accounts receivable book, you might want to think about
using a debt recovery collection service. Debt recovery
collection will help turn your business' bad debt into
much-needed cash flow that is vital for your business to
survive.
By using an attorney debt recovery collection service, such
as the Proy Law Firm, you have the advantage of working
one-on-one with an attorney who initializes contact with the
debtor and follows up with a civil suit if necessary.
One way we can differentiate ourselves from other debt
recovery collection services is that we do not waste time
with unnecessary communications: a credit collection letter is sent to the
debtor and if the amount remains unpaid we file a civil suit
(if you want to file suit - it is completely up to the
client). By handling our debt collections in this
manner, we are able to provide a quicker turnaround time to
our clients, hopefully turning bad debts into cash for your
business.
Common
Debt Recovery Collection Mistakes:
(1) Many small business owners want to
"save face" and avoid debt collection until a long period of
time has elapsed, hoping to be paid in the meantime.
This is problematic for two reasons: (1) There is a
statute of limitations in which you must act to collect
on the debt and (2) Studies have shown that the longer a
business waits to collect on a debt the less likely they
will be to recover money from the debtor
(2) Some individuals want to avoid
conflict with their past and present customers.
While this is completely understandable, a business
owner must realize that debt recovery collection is
inevitable and (s)he must be prepared to act when the
time is right. Enough unpaid bills can easily put
a business out of business.
The Proy Law Firm can help you with debt recovery collection
services:
- No fees up front - Every debt
collection we handle is on a contingency basis.
This means that the Proy Law Firm has a reason to be an
aggressive debt collector: the more we collect for you
the more we are paid.
- No wasted time - Debtors are mailed a
credit collection letter threatening legal action and a
civil suit is filed if the debt remains unpaid. We do
not waste time with unnecessary communications.
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