If you’re a business owner looking to recover your debts, finding an effective, affordable, and trustworthy Debt Collection Agency can be a daunting task. With countless collection agencies of varying size and experience out there picking the wrong one will cost you hundreds, thousands, and quite easily tens of thousands of dollars both in lost collections as well as in predatory collection fees and commissions.
However, there are 3 powerful secrets to finding the best debt collection agencies that when you put to work for you will save you a ton of money as well as recover more of your debts faster… all without exposing you to the usual headaches and frustrations that so often go with debt collection.
So revealing are these 3 insider questions that only a fool would pick a collection agency without first asking these three questions.
In order of increasing importance, here then are the 3 questions that empower you to quickly and accurately sort the diamonds from the dust.
Insider Question #1: “Do You Guarantee Collection Of My Debts?”
Most agencies will state that no collection means no commission. Don’t be fooled. This is NO guarantee of collection but rather a transparent ploy of deception.
In reality when you go with these agencies you’re the one risking everything. Irrespective of whether or not they collect your debt they’ll still charge you an upfront fee for pursuing the debt. So not only do you end up with no money recovered, you also have to pay for their inability to recover your money. So you end up losing twice while they come out with money in their pockets.
What you really want is a guarantee that the money you invest with the agency will actually bear a return in the form of a collected debt.
Bottom line: never deal with a collection agency that won’t guarantee collection of your debts.
Insider Question #2: “How Do You Handle Disputed Debts?”
Make no mistake.. this one’s a biggie.
In a ruthless effort to get out of pay their accounts more and more debtors falsely dispute their debt. And what makes this dirty tactic so powerful is the fact that almost without exception debt collection agencies will either refuse to have anything to do with disputed debts OR they’ll charge exorbitant fees.
But trying to sort out a dispute on your own, even if its blatantly fraudulent, is as financially crippling as it is emotionally infuriating. The legal costs alone can very rapidly dwarf the size of the unpaid account.
Fortunately there are a handful of collection agencies that are geared to manage disputes on your behalf at no additional charge. That’s why it’s imperative that before you sign any agreement with a prospective debt collection agency you get them to verify exactly how they handle disputed debts.