Why Use A Debt Collector?
Keeping on top of your delinquent accounts is demanding. In operating and building a company, your accounts receivables are actually an asset to your business, but you still need to collect the money. So why use a debt collector instead of doing it yourself? Here’s why:
Quick action results in a higher recovery rate.
In my experience, an invoice that is 90 days overdue only has about a 50% chance of being collected in full. Wait a year and the recovery rate further drops to about 15%.So you can see the importance of acting quickly. This means having good, quick, internal procedures and processes in place and then outsourcing to a reputable collection agency sooner, rather than later.
When receivables age without a consistent and disciplined approach to collection, they begin to lose value.
This is why it is important to outsource to a collector as soon as you can. They are the experts in this field. You can concentrate on what you do best. If you are a credit manager, this will free your time to put systems in place and work on some risk management strategies to reduce future accounts receivables. You are qualified in your area of expertise, so when you have outstanding debts, it is best to assign that task to a debt collection expert.
Additionally, your company is freed from the concern, enabling you to focus on what you do best and accepting that a professional is now seeking to protect and recover your assets.
Debt Recoveries Australia is licensed to provide collection services in all Australian jurisdictions. Their ‘no win, no fee’ structure ensures you don’t have to pay anything unless they are successful.
So, if you would like any further help, you can contact me at Debt Recoveries Australia at 1300 799 511. You may also email me at firstname.lastname@example.org or Skype at debtrecoveries.
If you need assistance with you debt collection, you can contact us
Call Us: +61 1300 799 511