When to Submit an Account

Especially in these rough economic times, many businesses have past due accounts that adversely affect their performance. You may wonder, “When is it time to hand your past due account to a collector to handle?” Ask yourself these questions, and if you answer yes to any of them, it may just be time to seek help from a professional.

Does your debtor ignore your phone calls or letters?
Has your debtor moved without notifying you?
Are you unable to get in touch with the debtor in any way?
Has your debtor written or continues to write bad checks?
Does your debtor continually stop payments?
Is your debtor becoming increasingly harder to work with?
Is a lot of time being spent attempting to retrieve the debt?
Does your debtor debate the amount owed?
Does your debtor continually give excuses or try to talk their way out of paying for the debt?
Does your debtor continually make unfounded complaints about your product or service in order to get out of paying?

Past due accounts with an uncooperative debtor takes time and effort to see the debt paid off. A collection agency can employ investigative measures and corporate veil punctures (in case your debtor is a business) in order to determine the best way to collecting on the unpaid debt. A collection agency specializes in these areas, leaving you to sit back and let the professionals take care of your troublesome accounts for you.