debt recovery services company

Best Method To Find A Great Commercial Debt Collection Agency

Commercial Collection Agency

Commercial Debt Collection Agency

You have some outstanding debt and you need a commercial debt collection agency. Before you go guns a blazing looking for a commercial debt collector, you have to check a few factors. This ensures that you will get paid quickly or not at all!

  1. Can you prove that the business owes you money?
  2. Do they have cash or assets to pay you?
  3. Has any complaint or quality issue been resolved?
  4. Has a reminder and/or demand letter been sent and ignored

You have checked the above and you are ready to search for a commercial debt collection agency.

A quick search of Google will provide you with 120,000,000 results. Yes! One hundred and twenty million results. Now, you want to ensure that you will see companies that actually collect debts and not logistics companies. You need to use Google logically.

How to find a commercial collection agency

The Easy Way in 5 Minutes 5 minutes

Open Google Maps

catastrophic injury lawyer

When you open google maps it will probably open where you are. Move to step 2

Search For Location Of your Debtor

find best catastrophic injury lawyer

It makes sense to locate a debt collector where your debtor is. The debt agent will be able to pop round for a face to face if needed.

Enter The Service You Require

do you need a catastrophic injury lawyer

Search for the service that best suits your requirements. You might need an investigation or a repossession. You might need a debt litigator.

Choose And Review Potential Providers

do you need a choose a great catastrophic injury lawyer

Once you have given providers of the service you need. Give 3 of them a call. Have some prepared questions and ask all 3 the same questions. Make a decision and go for it

How To Use Google

To find the best commercial collection agency you need to at least mention debt somewhere. In addition to debt you ought to want a more defined search. This is where we can help you find the best debt collector. Or at the very least make your search easier. Try a standard Google search for a ridiculous amount of results.

how to use google to find a debt collector

If you copy and pastes the following into Google it will return just under 8,000 results.

allintitle: commercial collection agency

you can also use the next search term. It is remarkably similar and returns a tad under 4,000 results

allinurl: commercial collection agency

in addition to narrowing down the results you have to plough through. It will/should give the nearest one to your location. The location does not always work. That is more about Google than the search term.

Here Or There

Most people when looking for a commercial debt collection agency pick one that is near their location. From personal experience as debt collectors we are not great travelers. We enjoy collecting debt near us.

local debt collection agency

Your answer to that, is to locate a debt collector near where the debtors does business. Or should we say, the location from where the bills are paid. This allows the agent to pop over at short notice or on a regular basis.

You do not want the commercial debt being subcontracted to another collector. You have chosen this debt collector and that is the one you want nocking on the debtor’s door.

Many debt collecting businesses can deal with you via the phone, Skype or Zoom.

Debt Collection Agency Near Me

Here is how to use google more accurately, than adding the city or town to your search. Open google maps. This is where you can either locate your own city or the city where the debtor is. Type the location into the search box – this then shows the location you are looking for. Alternatively, you can use your mouse and the increase/decrease arrows to “search the world” (bottom right).

debt collection agency near me

Once you have located the area that you are looking for, type debt collection agency in the top left search box. The relevant businesses will appear as red dots on the map and a full description on the left.

You will find that this method of searching a debt collection agency near me or adding the location is far more effective. The reason for this, is that smart marketing people can add place names into their website meta data. Using the method described above, they would have to have a proper office. Or should we, they should have a proper office.

This method is good for any search: debt collector, international debt collector or commercial debt recovery. To be fair, it is good for any type of location based product or service you need.

Commercial Debt Recovery

debt collector investigating debtor

Is not always about cash. You might have an asset to repossess or a service that can be terminated. However, that is for other articles on our website. You can use our search facility at the top of this page.

If you are looking for the exceptional, then Resolute Collections has a few services that might fit your requirements. We have skills and experiences that help us to turn out to be your preferred supplier for commercial debt recovery.

Commercial Collection Agency Association

This USA association is for the benefit of debt collection agencies. If you were thinking of making a complaint to the commercial collection agencies of America about a debt collector think again. The CCAA is a resource for commercial debt collectors.

A similar organisation in the UK would be the Credit Services Association or the CSA. The CSA is set up by and for the interests of its members. Not for the interest of the public or people who need a debt collector

In Australia you have the Australian collectors and debt buyers association. The ACBA seems to have more information on its page. Their information would be good for anyone interested in debt collectors or debt purchasers.

If Europe is where you are looking to collect debt visiting Federation of European National Collection Associations.  However, this looks like a bureaucratic nightmare. A talking shop – probably not for you.

Some Common Questions

Why Do I Need A Commercial Debt Collector?

They know the law and have heard every excuse under the sun.

Can I Recover The Debt Myself

If you are reading this, the answer is no. Focus on how you make money.

Should I Use No Win No Fee

Only as a last resort. Agree a staged fee. This could avoid large commissions, and you retain some control of what is being done to recover your debt

Can I Sell The Debt

You certainly can. There are many individuals and institutions who will buy your debt. Have a reasoanble expectation on what you will recieve.

Commercial Debt Collection Laws

Bearing in mind that this blog is read all over the world. Different countires in the UK different states in the USA and Australia. Is there any debt collection laws that are universal? This is my own set of laws that I have garnered over 40 years in business debt collection from all sizes of companies.

  1. Make sure that the company has money. If you want to rage against the machine you can use our services for small business debt collection.
  2. Ensure that your own staff have not “mislaid” the payment. This happens more often that you think. Nor is it new staff. It can be long serving staff with new financial problems.
  3. Do not threaten anything you cannot do or will not do – that is not illegal. You have a gut feeling about what is within the law. Do not do it or look for excuses to circumvent the law.
  4. Take action as soon as possible. The law of delay always works against you.
  5. The LAW is how you understand it to be.
  6. Debt collection solicitors advise on the law, you make the decisions.

Commercial Debt Collecting Agency Comments

We are sure many of you have had some success and frustration with commercial debt collection agencies. We would love the opportunity to share these comments and ideas.

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors #debtfree #legaldebtrecovery #corporatedebtrecovery

personal debt recovery

Simple 4 Phase Surefire Roadmap For Personal Debt Recovery

Personal Debt Recovery

The first question is not how can I recover personal debt? You should be asking your self is personal debt recovery worth the time?

How did you become a creditor and who is your debtor? Is there value in trying to recover your debt? By that we men could you earn more money by doing what you do? Is it worth the candle?

Some Basic Information

Prevention

It is better to prevent a bill being unpaid to chasing it. Remind the debtor a week or so befire it is due. Text, email or a call. Doing this is absolutely acceptable as long as you use the correct wording

Demand Letter

Send a reminder or demand letter. Send by email and snail mail. What is far more impressive is to hand deliver it. However never allow a sales man to deliver.

Non Payment

Move quickly. If you are sure that the debtor can pay but will not pay. Either start court proceedings or engage a debt collector.

Never

Never stop action until fully paid. Never enter into a conversation if you have engaged a debt recovery company.

No Result?

Time to think about what we can offer. Consider carefully before you commit.

How Can I Recover Personal Debt – Possibilities

How to recover personal debt depends on what stage you are at. What you should never do is apologize or threaten. It is your money and you want it repaid. We have to assume that a repayment date was agree at the beginning.

Professional debt collectors will not or should never threaten violence towards a debtor. It does not work out in the long term. Do not do it or engage a personal debt collector who says he will.

You now have 2 options. Either you do it yourself or have somebody do it for you.

How To Recover Personal Debt | step 1

The best way to recover personal debt is to start the process before it is “not paid”. This step you can do yourself. Send a text or an email to your debtor one week or so before it is due to be paid. Something quite friendly and innocuous:

Dear Sam, just a reminder that the $300 that I lent you 4 weeks ago is due next Monday. I prefer payment to my bank account which is XXX XXX. IF bank transfer does not suit you, I can pick it up. Please let me know what you prefer

OR

Hi Sam, just a reminder that the $300 that I lent you 4 weeks ago is due next Monday. As agreed, I will pick up the cash. We can meet at your place at 6pm. Cheers

Anything similar will do fine. You must include date and amount plus payment options. The only option is the way it will be paid. The date and amount are not up for negotiation.

How To Recover Personal Debt | step 2

They do not pay you as agreed. Your next step to recover personal debt is tricky. After 5 minutes of reading this article about personal debt recovery.  You will know what the best path for your personal debt recovery strategy is.

Personal Debt Recovery Solicitors

Finding a suitable personal debt recovery solicitor can be a minefield. If you cannot get a suitable recommendation for a local personal debt solicitor, you will have to search Google. You are going to be bombarded by 2,950,000 page results! By simply searching for a debt solicitor using allinurl it reduces your choices to a very manageable 10. This is what you copy and paste into Google:

personal debt recovery solicitors

Allinurl: personal debt solicitor

Searching for personal debt recovery solicitor using allintitle gives you 63 firms to choose from. This is far easier than even trying to research through millions of pages. What you tend to do is pick a solicitor from the top 1 or 2 pages using a wide search. They might be great debt recovery solicitors, but what we know for a fact is that they are great at building noticeable websites.

Personal Debt Collection Agency

Provide professional services in dealing with personal debt. If you have lent money to family or friends, they will handle it firmly without emotion.

Now if you thought searching for a solicitor was difficult. Searching for a personal debt collection agency on Google is going to return a whopping 260,000,000 results. You need to narrow this down to find a suitable personal debt recovery agent.

[allintitle: personal debt collections agency] search gives you 9 results and allinurl: personal debt collections agency returns a mere 7 results. This might not be enough so here are some additional options

allinurl: debt collections agency
allintitle: debt collections agency

simply copy and paste these search terms in Google without [the brackets]

Lending To Family And Friends

Trying to recover personal debt from family and friends is always going to be stressful. It reminds you of the old saying. The best way to lose a friend is to lend them money.

lending to friends and family in happier times

You need an answer to how do I recover personal debt without upsetting all concerned. Sadly, the answer is not on the optimistic side. Friendships and family ties are going to be stretched to the limit. There is a likely hood that there is not contract. And there is no Judge Rinder or Judge Judy that you can go to.

What appears to be the easiest solution is to write it off and chalk it up to experience. You might lose a friend but its better than being stressed out for years.

Putting the debt into the hands of a professional debt collector takes the emotion out of the situation – for you. The debtor is not going to be best pleased.

What could be positive for everyone. Can you friend or family member use their skills and time to help you? It is then easy to clear the debt without the use of physical cash.

write off can be cheaper than burning cash

Pay me when you can, is a popular option. However, this usually means that the debt will never be repaid.

You might need to consider writing the debt off. Writing off debt can be cheaper than burning cash

You can make it public through a solution like Resolute Collections. This is certainly not going to create a harmonious bond between you and your friend or family member.

Conned or Scammed

They are not called con artists for nothing. They are skilled confidence tricksters and have gained their experience from many investors. There is no shame in owning up to a con scheme. This is an easier decision on how can I recover personal debt.

You want your money back or a pound of flesh. Using a debt collection attorney is going to be a dubious value. Scammers and con men hide their cash and assets. Or should we day your cash and assets. Often, they will take it offshore and you would require and expensive international debt collector.

Frequently Asked Questions

  • Will I get My Money Back?

    Personal debts which are unpaid, are the hardest to recover. It needs your commitment.

  • Should I Employ A Debt Collection Agent?

    Yes. They will be better than you – no matter what you believe your skills to be. They take the emotion out of negotiations. They have heard it all before.

  • How Much Will A Collection Agent Charge?

    This will depend on many variables. Call one and ask.

  • Should I Use A Lawyer?

    A lawyer will say yes. However, a professional debt collector might be quicker. Our suggestion is to discuss over the phone with a debt collection firm near your debtor.


Debt Recovery Strategies

As you can see there are various routes or strategies for personal debt recovery. If it has gotten to a stage where you are not talking, and you do not want to write off. You can review our demand letter suggestions. Should your debtor does not pay you can launch a Resolute Collections Campaign.

No Confusion

Personal debt recovery has zero to do with personal injury claims. Personal debt is when you have lent money or goods to someone with the reasonable expectation of payment. If you have had an accident or sustanied an injury and want reparation, what you need is a personal injury lawyer or attorney.

Find a lawyer or attorney who have made successful claims before. If they say 100% success – be wary.

Personal Debt Recovery Solicitors

If you are unable or unwilling to collect the debt by yourself you need personal debt recovery solicitors. Once they have started the action there will be repercussions. Be sure you can handle this. If you want to take it a stage further there are alternative debt collection solutions.

A solitors 1st letter is only the start of the process. Ask about all the lawyers fees and get them in writing. Remeber they survive on generating fees – not just collecting your money!

Comments

debt recovery solutions

We all have a story about personal debt recovery, and we would love to share any suggestions and ideas on how I can recover personal debt. There are many people who would be grateful for anything that worked for you. Or anything you feel did not work in getting your personal debt recovered.

You might be able to recommend a personal debt recovery solicitor or agent. Or you might have done something unusual to get your money back!

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors

debt collection attorney

How To Find The Best Debt Collection Attorney

debt collection attorney

Debt Collection Attorney

If you have used a google search to find a debt collection attorney and found our website, it is quite remarkable. These identical words appear in 1,280 URL’s, in the title of 3,490 website and in the content of 132,000,000 webpages.

At the bottom of the page you will find FAQ and HowTo section

The fact you found us means that we definitely stand out from the crowd. The question is why do we stand out from the crowd?

Many of the marketing people from legal firms and debt collection agencies insert debt collection attorney search terms into their website. So that you will find them, just like you found us (more about us later). Most or many of them do not specialise in debt collection but realise there is money to be made. They have clever marketing people.

debt collection attorney

On google and this website you will find attorneys who are out there looking for your custom. They will tempt you with no win no fee offers.

Resolute collections will give you information to decide if you need an attorney or not. You might even be able to collect debts owed to you, using your own knowledge and determination. At the very least you have something invested in this debt.

You might simply need a debt collector who is near you. Or near your debtor. They might be in the USA, United kingdom or Australia.

Why Do You Need An Attorney?

This seems like an obvious question. “I need a debt collection attorney because I need a debt collected”. The assumption is that you are unable to collect the debt by yourself. The first thing an attorney is going to do is ask for his fee upfront.

You will be asked full details of the debt and all communication you have had with the debtor. 

Now you are out of pocket a few hundred dollars and your valuable time yet nothing has happened.

The attorney will send out a demand letter, which you could and may have sent by yourself. However, an attorney’s letter will look more “legal”. But make no doubt this, it is a template and has been used 100’s of times before.

Specialized Debt Collection Attorney

Is the attorney specialised in this field or did they have a nice advert and website? If you are searching the web there are a few guidelines that might help you.

debt collection attorney

If you search using this phrase allintitle:Debt Collection Attorney (no full stop). It will reduce the number of options from 130,000,000 (yes one hundred and thirty million) to a manageable 4,000. Or make a standard google search with “near me” or “your city” added to the end of whatever term you have used. You can also use allinurl:debt collection attorney as a search term. Simply copy and paste either of these search terms highlighted in yellow into Google or Bing.

Is A Collection Attorney Essential

You can find almost any type of users’ guides on the internet. What cannot be found is the experience a debt collection attorney will provide you in court. If you are going to end up in court – get an attorney. Do you want a different approach? Then Resolute Collections could be your answer.

When you go to court, you are going to have to depend on the letter of the law and fact. There will be no escaping this and an attorney is the best way forward. Sometimes it is the best paid attorneys who get a successful verdict – sometimes.

Cost Of A Collection Attorney

Even the best priced collection attorney is going to set you back $125 per hour. For an experienced debt collection attorney, expect to pay $350 per hour or more. You will then have to estimate how long a defended case will take in working hours. We suggest you plan for a worst-case scenario.

If a case is undefended it might be because the debtor has no assets or dies not care. Needless to say, that neither of these is good for you.

Some debt collection agencies will offer a no win no fee. You might pay up to 40% or more in commission. Proper legal eagles will not offer this sort of deal. A proper attorney will value their time and experience. Consider your options.

If you are at all confident that your debtor has assets and will pay, opt for a set fee. On the other hand, if you are not confident find an no win no fee debt collection attorney. Resolute Collections are obviously a solution for a fixed fee.

Debt Settlement Negotiation

debt collection attorney

If you intend to settle your debt claim through negotiation, then we highly recommend that you engage a debt collection attorney. You are probably the worst person to negotiate a settlement if it is not a skill you use regularly. They have talents and skills which we mere mortals do not have.

Using an attorney will take all the emotion out of any negotiation. Remember to set your fee for their time. You might want to consider a set fee with performance commission.

How To Find A Great Debt Collection Attorney

Total Time: 30 minutes

Here or There

Do you need a lawyer near you or near your debtor. We suggest your debtor.

Google – Not Regular Search

Best Method To Find A Great Commercial Collection Agency

Location Of Debtor

Debt finder

Service You Require

resolute collections

Red Flags Are Good

4 Simple Steps on How to Find an International Debt Collector

Narrow Your Choice

Pick 3 that you like. Call them. NOT email or text. Call them and have a quick conversation

Final Choice

Make your choice and engage them. GOOD LUCK

Some Questions Answered

What Are The Fees

Generally not purchased. This is really up to you to find out. In our HowTo we suggest you call 3 and decide which is the best option

Should I Go For No Win No Fee

As with the above it is a decision on what will make the best deal for you. If there is a very good chance of winning – fixed fee. If you are unsure – No Win No Fee. Ensuring the commission is not too high.

How Do I Check On Attorney

This will depend on the value of the debt. If it is ultra important – some basic google searches including the words scam and reviews in the search. Bearing in mind that some reviews use review management software. This means that bad reviews are never published.

Can I Do It Myself

Yes. However, do you have the time?

Debt Collection Attorney Comments

We love to share your stories and tips. Keep your suggestions and reviews legal. If you have any experiences about a debt collection attorney, we would love to share them.

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors

debt recovery solutions

Insiders 10 Essential Tips For Easy Debt Recovery Solutions

local debt collection agency

Easy Debt Recovery Solutions

The absolute 1st action you must undertake before you look for any debt recovery solutions, is to find out if the debtor can pay. Even the best debt collector in the world cannot get blood out of a stone.

You can draft awesome debt letters and final demands, but if the other person has no cash nor assets, you have just wasted your valuable time. Nothing is ever what it seems. Your debtor might have nothing or has concealed something away for a rainy day.

debt recovery solutions

Your first action the is to get some investigation into their liquidity. There are firms who specialise in researching debtors. Search for companies who are financial investigation specialists. This is step 1 in researching debt recovery solutions. Having your file ready for the investigators will prove useful to all concerned.

After completing this 1st essential stage, you can then decide how your going to get your money back.

Debt Recovery Solutions Step 2

You believe that the debtor either has the ability to pay, zero assets or a reputation to maintain. What are the options available to get your money back or satisfaction?

  1. Do nothing. Do absolutely nothing and write the debt of to experience. If you have truly little capital or reputation invested – walk away. This is advice you will not hear from a debt collection attorney, agency, or a lawyer. You must not throw good cash after bad unless you have an ulterior motive.
  2. You can issue a reminder and demand letter. Referring back to your contract/agreement and demand payment. Keep in mind that you need to be wary of what you state is your next action, as you HAVE to take it. You must follow up on your promises to the debtor.
  3. Court action against the debtor. You must only do this if the debtor has cash reserves or a reputation to uphold.
    You would be surprised at how a court order could damage a business’s financial records and ability to borrow. Some businesses can lose licenses to trace because of court orders.
    Some businesses may work in industries that absolutely frown upon treating customers unfairly. Expect an expensive defence or a quick settlement.
  4. Outsourcing your debt collections is one of the easiest debt recovery solutions available. There are numerous businesses out there touting their debt collecting record. Complete extensive due diligence if your debt is substantial.
  5. Using Resolute Collections. We offer nontraditional methods of debt recovery that can be anonymous if need be. Intense | different | determined
  6. Repossession of an asset. You should ensure that it has value, can be sold quickly, and is easily repossessed. The assest must be worth more than the cost of repossession. 
  7. Never, ever threaten violence or employ anyone who would. It will come back and bite you. This is what organised crime does, not a creditor trying to get satisfaction.

Roadmap To Success

The only procedure to ensure that you are successful is to have a debt collection strategy and road map. One aspect of this roadmap that many creditors fail to follow is walk the talk. If you have stated that you will complete an action; you must do it. You absolutely must follow through on your promises.

A major element you must have, is a net figure expectation. Debt collection is often a negotiation. Have in you mind your fall back position. This win/win scenario might make it easier to collect your debt.

Have a deadline for 1 stage to the next. From plan A to plan B. It is called a deadline because it is ultimately an enormously significant part of the process. Cross this line and it will be detrimental to you. Deadlines are deadly serious.


Stages To Debt Recovery Solutions

debt recovery solutions steps to success

You should never go in with all guns blazing. Always have something up your sleeve that will persuade the debtor to pay. Take 1 step at a time. If the debtor does not respond to this stage go to the next stage in your plan.
You do not jump from stage 1 to stage 4 in one leap, no matter how tempted you are. Nor inform the target of your collection activity what is 2 or 3 stages away. Let them know if they fail this one then we will take it to the next stage.

How To Get Paid

debt recovery solutions cryptocurrency

It might sound a bit unusual to discuss how you will be paid. There are several options; there is one foolproof way of not being stiffed. Middlemen can take slices of your money. Debt collectors and repossession agents (as we know from personal experience) steal the cash or item they recovered.
You might want to consider cryptocurrency for your debt payment. It is easy for the debtor to obtain. Your payment cannot be bounced or stolen. You do have to consider the fluctuations in cryptocurrencies. If you were collecting an international debt there will be no currency exchange rate considerations.  This means you will have no difficulties moving currency from one jurisdiction to another.

What If Nothing Works

debt recovery solutions resolute collections

You have used all the debt recovery solutions available and the debtor will not pay you. Most people will give up. Using a Resolute Collections website will leave a lasting impression on your debtor. This might not get your money back, but at least you can have some sort of closure.
Your website can be made anonymous or can have your footprint on it – so that your debtor will understand who it was.

Seriously Difficult Debt Collection

If you have had an injury at work, in someone’s home or in a car accident. You are going to need a personal injury lawyer. This is not a DIY situation you can handle without professional help. Find the best attorney you can. It night cost you up to 40% of your claim; however it is worth.

Make your decision carfeully – you cannot change lawyers midsteam!

Debt Recovery Solutions Comments

If you have any comments or advice on debt collections, we are keen to share them. You might be able to help someone with your story.

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors #debtfree #legaldebtrecovery #corporatedebtrecovery

debt recovery services

How To Find the Best Debt Recovery Services

debt recovery services

Debt Recovery Services

You are going to find uncountable Debt Recovery Services providers on the internet. The good news is that finding one that suits your needs, is simple. As long as you know “your debt” and you have a clear and reasonable understanding of the solution you want.

When these are clear in your mind you can research the best debt collector to act on your behalf.

If you are looking for 100% recovery plus costs and for no win no fee, it might prove to be a bit more difficult. You might want to reconsider your expectations as the amount of time finding a service provider will prove difficult.

No Win No Fee

We are staring off with this offer from many companies. If you do not value your debt how can you expect Debt Recovery Services provider to value your debt.

A no win no fee company is going to cherry pick. Why will they invest in your debt and you are not? High commissions?

Debt Recovery Services – YOU

Many people and business try this with no plan. Collecting your own debt can be quite satisfying. However, you have to have a plan. Invest in a diary and lay down the steps you intend to take. From a simple debt collection letter to court action or something more inventive.

You have to be in control of the road to recovery. Keeping notes is imperative. You might have to hand the debt to someone else to handle and they will need meaningful information. A debtor rarely forgets what they have said or conveniently forgets what they have promised.

Debtor Promises
If the debtor breaks a promise do not dwell on it. Get back immediately to resolving the debt that they owe you. It is truly pointless talking about broken promises – utterly useless.

With a broken promise, always revert back to your original contract and create a new solution.

Do Nothing

debt recovery services

Write the debt off and get on with your life. It is pointless trying to get blood out of a stone. If it is simply a way to vent your frustration, Resolute Collections have solutions that could do that for you. Value for money, effective and satisfying.

A by the by, nonpaying debt on your balance sheet is not an asset. It is a growing liability. Now go and argue that with your accountant.

Debt Recovery Services – Outsourcing

debt recovery services

There are more companies out there offering debt recovery services than there are debts! Maybe that is an exaggeration. There are a few items to consider when choosing an outsource company to collect your debt.

One thing you must remember with any outsourced debt collector it is your reputation at stake. No matter the contract and service level agreement. You are the one responsible for your reputation.

Selling Your Debt

Another choice of debt recovery services is debt purchasers. This sounds like a no brainer. But you will soon realise to get the best price, a debt buyer will want full history and a real customer contract. Unless you have been set up from the get-go this can be onerous.

A professional debt buyer will complete quite rigorous due diligence. You are going to have to open up your credit process.

Timing is critical to a debt recovery company. The older the debt will result in a reduced price.

Moorcroft Debt Collection

If you are looking for a debt collection agency with a huge exposure to the UK market, Moorcroft Recovery is up there with the big boys. We are not recomending anyone, however, they understand debt collection in the UK.

Concluding Debt Recovery Services

The choice for you is simple. There are only 4 major options:

  1. Do it your self
  2. Do nothing and write off
  3. Outsource
  4. Sell your debt

Decide on which option you desire and plan B. it is all about how much or how little time you want to invest. And, as we all know time is money. Invest your time in your business or collecting debt.

Do not dwell; time is of the essence.  

Do It Today

Debt Recovery In 15 Minutes 15 minutes

Open Google Maps

Best Method To Find A Great Commercial Collection service

Now The Location You Need

Debt finder by resolute collections

Now The Debt Service You Require

5 Simple Steps on How to Find an International Debt Collector

Review and Choose

You must call them. An email is not enough. If you feel uncomfortable – do not proceed. Start over again. 30 minutes invested now is better than months of regret.

Increase Your Business

A final thought. Once you know how to handle nonpayers, it allows you to relook at your credit control. The PURPOSE of credit control is to allow you to create sales not to diminish them. As we have all heard, the credit control are also know as the sales cancellation department. Make sure you do not have one of those.

Comments About Debt Collection

If you have any comments or information about debt recovery services we would love to share it on your behalf. You might be able to help other creditors.

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors #debtfree #legaldebtrecovery #corporatedebtrecovery #consumerdebtrecovery #legalhelp #debtfreecommunity #debtfreegoals #debtfreejourney #latepayment

commercial debt collection

Guide To Finding A Great Commercial Debt Collection Firm

business debt collection

Commercial Debt Collection

Nearly every lawyer in the land is into Commercial Debt Collection, which says something about how easy or profitable debt collection is. You might be able to deal with yourself. It is not as difficult as it might seem. From a simple debt collection letter to a full blast campaign of debt recovery.

Data Protection And Commercial Debt Collection

Resolute collections asks the question. Is it right for one company to hide behind laws that are meant to give private individuals protection from large organisations? We are not suggesting that you immediately go out and make a banner. You can be more inventive than that.

What we are moving towards is an enlightened view of the restrictions imposed on you by bureaucrats. Who are paid with tax money and do not need to worry about their invoices being paid. 

No Win No Fee

When you see this, you should be thinking – no effort. You should be thinking cherry picking and large success fees. The success case pays for the unsuccessful Commercial Debt Collection failures. Like everything in life, you get what you pay for.

You are unable to put pressure on a debt collector to collect debt when you have not paid them. They will return it to you and now it is 2nd hand, which is not good.  

What we would like to see is a guarantee. No win and we will give you a percentage of your debt as a thank you! That would stop some of these debt collection agents trawling for business.

Can you imagine any other business that said to you, if we fail, we will not charge you? We will build you a bridge, but if it falls down, we will not charge you – ludicrous or what.

We are not free. You value your time and we value ours.

Commercial Debt Collection Laws

We strongly recommend that you should not break any laws when collecting commercial debt.  What we do suggest to you, is that you look at how the law helps and does not hinder you.

commercial debt collection

Compliance officers in most companies involved in commercial debt collection are there to say NO. Maybe we are being harsh on them, but they are more interested in their company’s reputation than your money.

Resolute collections works without borders and uses the law to your advantage. The return of your money is really our priority. Although we have charged you upfront, we need to earn the commission on collecting what is owed to you.

And not to forget, most commercial loans and trade debt is unregulated in some form or other.

International and Interstate

If you need commercial debt collection and your debtor is not in your jurisdiction. Your debt collector is going to have to increase their fees or commission. The debtor is not going to owe you anything extra.

The decision here for you is to invest more cash and energy or write off the debt. Alternatively, you could sell the debt or use one of Resolute Collections services. We do not buy debt, but you might find someone willing to take it off your hands and off your balance sheet.

Make sure you sell it to someone reputable. Becuase it is still your reputation at stake. You can sell the income stream but not the obligations. That is free legal advice often omitted by buyers of debt.

You And Your Team

Most people do not actually enjoy debt collection. It does not take much to NOT pay, but getting it back takes skill, determination, and attitude. Do not put anyone in charge of your commercial debt collection who does not want to do it. They will lose you money whilst they should be doing something, they are good at.

After 30 days overdue have a professional deal with it. That cold be someone in your company or an outside debt collection agent. So once your customer has got used to stop paying, they get used to it becuase it becomes a habit. A good debt collector will allow you to keep the customer in the long term.

Never use your sales team to collect seriously overdue accounts – they do not have the skills. They sell, they do not collect.

Debt On The Balance Sheet

You can argue this with your accountant. A debt on the balance sheet is not an asset. It is a cash hungry expense. Sitting looking at it month in and month out will not turn it into an asset. You need a commercial debt collection plan.

If the debt is more than 60 days overdue you need to be doing something proactive. At 120 days overdue you can say goodbye to your money and write it off.

Alternatively, you can opt for one of our debt recovery services. At the very least you can take satisfaction on seeing something being done. It is visible to all.

Business to Business Debt Collection

This information is for business to business debt collection in the UK. If a business owes you money or has not paid it’s invoice. A debt lawyer will be able to collect the debt without any cost to you. That is what all the legal eagles will say to you. And it is true; assuming you have been all legal and proper documentation.

There are 2 drawbacks. Most companies are not can pay but won’t pay. They normally default becise they have no cash. And you cannot get blood out of a stone. No matter what you threaten it with.

The other situation is when there is no enforecable agreement or invoice. Your only option assuming persuansion has not worked is to take unsual steps and think out of the box.

And the old saying still stands good – never throw good money after bad. Unless you want some other form of satisfaction.

Commercial Debt Recovery

If your commercial debt recovery has not had the result that you desire. Resolute Collections offers a different approach. We understand that this is not for everyone, however, you get the opportunity to vent your frustration.

Your Comments On Commercial Debt Collection

If you have any advice or opinion, others would like to see it. This is the only website that we know of that allows this. Please start your comments with commercial debt collection.

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Credit Collection Services

The Best Method To Deal With Credit Collection Services Effectively

credit collection services

Credit Collection Services

What we have to do here is separate the 2 faces of credit collection services. One is a US debt collection company but the others are debt collection agencies in general. Let us delve into both and see what we can do for you.

Debt Collection By Any Other Name

Make no bones about it, any company using the credit collection handle is in debt collection. They are companies chasing debtors for creditors.

On the other hand, you might be searching for a company because you have lent to someone so you need help to retrieve your money or asset. If you are looking for an unusual but tested way to get your money back. We are the collection company for you.

5* Credit Collection Services

You will notice one very strange thing. Almost without exception all the companies offering credit collection services had 5-star reviews. It is hard to imagine that debt collection has such a great reputation about it. Could the companies be using reputation management software, simply making the reviews up or ignoring bad reviews.

How To Handle Credit Collection Services

If you are being contacted by a debt collection company, ensure you visit their website. This gives you and idea about how to handle them. Know thy enemy! Please remember they are just doing a job.

Before you accept any liability of any sort or even identify yourself, ask for documentary evidence of the debt posted to you. Many debt collection services companies buy “your” debt for pennies. They hope that alleged debtors will just pay. They have no soul and are not interested in your circumstances. It does not matter what the law states or how they present themselves. Debt collectors make commission becuase they collect from you.

Emails and automated calls cost them very little. They will send them willy nilly. Simply block them. Do not respond, as it is tantamount to accepting that you are the debtor.

If they send a letter. Return it. Do not ignore it. Keep the snail mail going.

Many companies (UK and USA) will state they will take you to court. Inform them if they do, that you will want it to be heard in a court of your choice. Normally your hometown, as this will add unnecessary expense to them.

Phone Calls From Credit Collection Services

Credit Collection Services

You should refuse to use phone calls as a means on communicating. Although there is some awesome phone call analysis software available, but not every debt collection company uses it. You would be surprised at the reason. Collecting on regulated loans is full of rules for debt collectors. They would have to self-report if they were breaking the law.

Surely this software can record all calls and analyse what is being said? Yes, it can and that is why they do not like it. Not using analytical software allows the collection industry to “not record” what some debt collectors say to debtors.

Stay Calm

You should be calm at all times, never lose the plot or become an aggravating nuisance. It does not work. We know from personal experience of debt collection, if you annoy a debt collector, they will take pleasure in returning the same. The difference is that debt collection companies normally have unlimited funds and time to do so.

Who Can You Complain To?

When we worked in finance, the biggest reaction was when a director or shareholder received a letter. If your fist letter does not work, try and find out he name and addresses of directors or shareholders.

Online Reporting Of Credit Agreements

The first thing for you to do is get a copy of your credit file. Write to the finance companies and ask the credit collection services company to remove your details. It is far more difficult to have the credit bureaux remove it.

It is far easier to remove your details than you think. A company reporting finance agreement have to report monthly. All they do is code your file – remove. You want the agreement completely removed.

You might even find that the company is not reporting your details or reporting them incorrectly.

There is no such thing as a blacklist. If anyone say it to so, report them to a senior member of the company.

Last Option To Clean The Sheet

If the debt is yours and can be proved. You can negotiate to settle and have the debt removed from online reporting. As we have said what the finance company can do it can also undo. The credit collection services company can inform the credit bureaux to remove your debt. Then you are back to a clean sheet.

However, if the debt has a court order, this can only be marked as paid. Because it is difficult to have it removed, although it will disappear in time if paid.

Questions To Ask A Debt Collector

If you are called by CCS or any other debt collector and you are unsure about the callers legitmacy. You have every right to ask some questions. If they are unable to answer on the phone ask them to reply to the questions in a letter to the debtor at the address they have.

Never reveal personal details or accept any responsibility for any debt. They are on the phone to answer your questions.

NAP

Name, address and phone number of the company THEY are calling from. Any legitmate company will gladly hand this over. You can also ask the callers name. And are they calling from the registered address or their own home.

Debtors Details

Ask them the name and address of the person they are trying to contact. Be firm that you will not divulge your personal details. Nor do you accept that you owe any money or recognise anything they say.

Ask A Tricky Question

The debtors bank details or social security number. Under no circumstances should they reveal this if they are legitmate. And never give yours.

Write To Me

Without giving any of your details ask them to send you a letter quoting a reference you have made up. I want you (the caller) to use the reference “our unwelcome call today”.

Call Recording

Ask them if the call has been recorded. Ask them to send an email with audio, DO NOT give your email address. They can include a link in their letter to you.

Acceptance and Remorse

This is a general guide on how to deal with a debt collecter be it credit collection services or any other lender. Acceptance and remorse sound quite powerful, so what do we mean.

If the debt is your simply accept it as so. It allows you to deal with it in your own mind. If you have a dispute ensure it is not frivolous. Mube they have got the spelling of your name slightly wrong or made a simple spelling error. If it is your debt accept.

Even though you accept that the debt is your you can insist on delaing directly with you lender or supplier. They cannot transfer the obligations they have under any agreement.

Remorse is an unusual word to use, and to our knowledge we are the only advice site that does so. Let your lender or debt recovery agent know that you have real remorse and you are trying everything you can to resolve the situation to everyone’s satisfaction. You might have spent the money or used the product and no longer use it. However you did and you will have to resolve the issue.

You will gain the moral high ground by having true remorse and debt collectors will want to help you get out of your debt. An income and expenditure review will go a long way in getting a deal done. Be truthful and honest.

Many peole like yourself are in this situation through no fault of your own and CCS should hopeful recognise this.

We mention another situation other companies do not mention. Should you be in the siutation you are becise of an addiction. Seek professional help. You will be amazed at what help you can find.

Credit Collection Services Comments

If you have any experience of credit collection services companies, we want to know and share your comments.

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Debt Collection Services

How To Find The Best Debt Collection Services Quickly

commercial debt collection

Debt Collection Services

There are a huge number of debt collection services that you can use. We would love you to choose resolute collections as your preferred supplier. Our solutions are maybe not what you need.

You have a few options to choose on depending on:

Debt Collection Services
  1. What type of debt do you are owed?
    • Consumer to consumer
    • Business to business
    • Business to consumer and vice versa
  2. Is the debt regulated
  3. What jurisdiction are all the parties
  4. What is the value of the debt?
  5. How much have you invested in the debt? You might have sold something with negligible value and have little invested. Or you may have lent money – which on the face of it is 100%
  6. You may have purchased the debt and are actively looking for debt collection services

Outsourcing Debt Collection Services

On the face of it, this is often the best method for most lenders.

  1. At what stage to you outsource?
    • When you intially invoice you client – this is basically factoring
    • When your credit control team cannot handle the client or volumes
    • At write off stage
    •  Or at a given date and hand over the entire debt collection services to a third party
  2. Why outsource?
    • Potentially less hassle. You need only meet the debt collections provider weekly or monthly. Or at certain levels of performance. Performance that is both good and bad.
    • No fixed costs for staff, software of premises
    • Scalability.
    • Your choice of debt collection services provider will be far more experienced than you are – generally speaking.

What Debt Collection Service Do You Need?

You should give a thought to the type of debt collection service you require. Its really not acceptable to say I want you to collect the whole shebang.

Debt Collection Services
  1. Letter dunning cycles
  2. Telephone calls
  3. Face to face visits
  4. Skip tracing
  5. International or interstate collections

The debt collection provider will want to understand:

  • Your credit and risk criteria. They will want to know what steps did you take to offer credit to the debtor and how it was monitored?
  • What type of credit is it? Regulated, asset backed, mortgage etc.
  • What are your reporting requirements?
  • Your recovery expectations?
  • What are your reputational standards?
  • Performance timetables: i.e., if they have collected less than expected by a given timetable the debt will be taken back.
  • The process to return uncollectable debts.
  • Do you require daily, weekly, or monthly payments?
  • Is it a single assignment or ongoing?
  • Your current default rates?

Any creditor (you) might find themselves being rejected by a debt collection company if they fail to meet their criteria. The debt collection provider needs to make a profit.

How Much Will It Cost You?

This is a perennial question on outsourcing debt collection. We will repeat the question 2 ways

  • How much will it cost you if you continue what you do now?
  • How much will you net if you outsource to a debt collection services provider?

If you are unable to calculate these figures yourself, you can be assured of one thing. Your potential debt collector will calculate the financials for you. Most of the collection companies will have sophisticated software to analyze the numbers and behavioral demographics of your debtors.

Do It The Easy Way

How to easily find a debt collection agency or debt collection attorney. There is no easier way to find debt collection serives than what we will show you. and it will take less than 15 minutes to find your saviour.

Use Google Maps

Time to Find The Best Solution is 15 Minutes 15 minutes

Google Maps

catastrophic injury lawyer

Get the ball rolling by opening Google maps and move quickly to step 2

Location, Location, Location

find best catastrophic injury lawyer

There might be a debt collection service next door to you. However you need one that is very close to your debtor. Enter a town, city, country or street name.

What Do You Really Need

do you need a catastrophic injury lawyer

What do you need? Investigation or a debt collection agent or a debt recovery attorney? This is where do drill down and focus.

Make A Choice

do you need a choose a great catastrophic injury lawyer

You can narrow down your search to 2 or 3. And it has only taken minutes so far. Clicking on the red markers will give you details and a review of the firms. Call them and tell them your situation and requirements. Then make a choice.

Business Continuity

You have to ensure that the debt collection company is making enough profit to continue operating. If it is at all possible have them mirror their software and download you copies each night. If your chosen provider goes bust or has a difficulty forced upon them, you at least have the data.

A provider of debt collection services has to prove to you that they have business continuity. Losing your data is not a good thing for you, it is unbelievably bad.

Single Debts or International Debts

If you have a few debts or $5,000 to $100,000 or they are interstate/national, you might want to consider Resolute Collections.

Debt or Credit Confusion

This is more critical in the USA, as a company trading as Credit Collection Services is actually a debt collection agent. We have no idea why they would want to create this confusion. However we all realise that one persons credit is the counterparts debt.

Two Final Considerations

Move quickly. The first and second rule of debt collection is to be first in the line. Providers of debt collection services (including us) is to act as timely as possible. Or earn/save more money to pay your debts – they will not go away.

Do you have any comments or recomendations for debt collection services

Please use the area below with any any hints or suggestions. Your input is appreciated.

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Debt Recovery Solutions

How To Find The Best Debt Recovery Solutions For You

Debt Recovery Solutions

Debt Recovery Solutions.

There are many debt recovery solutions and it only takes a few minutes to decide which is best for you. Just gather all the information together and sit in a quiet room. Someone has to make a decision about collecting it – and it appears to be you. Once you have made your decision, it is them time to execute the process. Carpe diem.

Cost Versus Reward

This is often the stage that nonprofessional debt collectors simply omit. They look at the value of the debt and nothing else. There is a whole lot of “else” to be looking at in debt recovery solutions:

  1. Does the debtor have the ability to repay? Investigate their financial status.
  2. Is the debtor a can pay and will not pay? This is a professional nonpayer. They are difficult to get a result out of. Unless you know what you are doing.
  3. Is it worth investing your time trying to get this money back or focusing on making money?
  4. How long will a debt collector take you to get your money back?
  5. Do you simply want to spite the person or company?
  6. Has the debtor moved out of your jurisdiction?
  7. Could it be dangerous?
  8. Can you take your emotion of pursuing this debt? Anger rarely is successful.
  9. Could you prove the debt in court?
  10. Is the debt actually important to you?

If you omit the above considerations, you could end up choosing the wrong debt recovery solutions.

Let us delve into your options. From creating a list to finding the perfect debt recovery agent for you. Your debt solution might be very close to you or your debtor.

Not Worth Pursuing Debt Recovery

This does not mean that the debt has no value. It simply means that it not worth your time and expense to chase after a lost cause.

There are many companies out there who will purchase debt from you. Check the purchaser’s agreement documentation – receive what they believe it is worth. Move on.

Many of the debt purchase companies have been undertaking debt purchase for years and have tons of data. They will give you a realistic value of your debt. This may not be what you believe the debt to be worth – as you see it at face value. Generally, it is in single figure percentages. Work on 3% sale price to evaluate if you want to invest your time in researching this option. Assume 2 – 5 working days to complete research and offer. Time from start to completion 2 weeks – 3 months for a single debt.

For some strange reason some debt collection services go under the nomenclature of credit collection services.

Spiteful Debt Recovery Solutions

Debt Recovery Solutions

This should be done with considerable thought. It could involve costs that are literally money after bad.

  1. Write to people in your trade, neighbourhood, their customers etc.
  2. Revenge website
  3. Constant contact – not harassment.

Resolute collections does not offer this as one of their debt recovery solutions. However, by the nature of the services we offer, it incorporates these choices.

Outsourcing Debt Recovery

This is a global business with many players in the industry. Many will charge no fee no win. However, the amount retained in commission is likely to be 40%. On the face of it this is one of the most popular debt recovery solutions. Sadly (as we know from 40 years’ experience) the reporting is at best – dubious. We have an entire article and FAQs on this subject.

Where there is no upfront fee, the companies cherry pick. Launching a debt collection strategy against a debtor has costs. So, they pick the easiest cases to collect.

Demand Letter Strategy

Unless you careful or lucky, most credit control departments will merely set upon a course of letters. Letters take time and the process is costly. Many credit managers think this is a recovery solution – it is not. Sending a letter merely gives someone legitimacy when they actually talk to the debtor.

Going to repeat ourselves, credit control are generally not the best debt recovery solutions. A strongly worded letter followed by another then another, does not impress a debtor. You can buy simple software to automate this.  

If you have a Credit control department it can be expensive. Look for another recovery solution and have credit controllers do their job.

Resolute Collections Solution.

If you are looking for “unusual debt recovery solutions”, it could be Resolute Collections.

  1. Intense
  2. Different
  3. Determined
  4. Resolute

We have been collecting debt for over 40 years, working in large global organizations and on our own. We are the thinking man’s debt collector. Resolute Collectors are not credit control nor risk advisors – we are debt collectors.  All we collect payments.

There is no “no upfront fee” option. Like you, we value our time. 

UK’s Biggest Players

Moorcroft debt collection is definatley one of the biggest in the United Kingdon. However, constant monitoring is required with the big players.

Cabot Group is another magalith of UK collections if you need major debt collection in the UK or international debt collections.

Expect fees and commissions on the high side.

Google Search Results

If you use the standard Google search for Debt Recovery Solutions you end up 65 million search results. You need to reduce this to a manageable number or you end up picking any old one.

#1 method to find the best debt solution

4 Simple Steps 15 minutes

Open Google Maps

catastrophic injury lawyer

This is best done on a laptop or desk top

Enter the location required

find best catastrophic injury lawyer

It is far better if the debt agent is near your debtor. Easier to collect or go to the local court.

Enter the service required – debt recovery solutions

do you need a catastrophic injury lawyer

You might need a simple private debt recovery investigations or a full bodied repossession. Or it might involve handing over a final demand letter in person.

Choose a firm and research

do you need a choose a great catastrophic injury lawyer

Pick 2 or 3 to make some further research. Pick one and do some due diligence. It is then time to pass the debt – quickly. Time is of the essence.

Do you have any comments or recomendations for debt recovery solutions

Please tell your story in the area below. Your views are much appreciated.

Debt Collection Letter

How To Compose An Awesome Debt Collection Letter

debt collection letter

Debt Collection Letter

Making your debt collection letter appropriate for purpose – 1st time, is essential. It is from this letter that all future relationships with the debtor will be built on. Most people will have never sent a demand letter to a debtor and will probably get it wrong.

However, with a little advice and direction you will create a professional and meaningful image of yourself.

We do not offer or sell debt collection letter templates.

3 Basic principles of a debt collection letter

  1. Never, ever promise or threaten to do something that is either illegal, impossible, or impracticable.
  2. Always follow up on what you have said you will do in your debt collection letter.
  3. Stay calm and focused. Remain on the moral high ground at all times.

Facts On Your Demand Letter

It is absolutely imperative that you get the facts right: You must ensure these are correct on your debt letter template.

  1. Who the debtor is? Could be Jnr or Snr. Mrs., or Miss.
  2. What the debt is? Include any charges that are mentioned in the contract if you have one.
  3. Who you are? If you have moved address, ensure you use both addresses. Or you could be acting on someone’s behalf.
  4. If there is a contract, state what section has been broken. Do not simply refer to the terms of the agreement. Write the terms into the body of the debt collection letter. Eg:
    1. I refer to section 2 of our agreement which states that you will pay me in full on the [date] which you did not do.
    2. On the [date] we agreed that you would [do a certain task] on the [date] which you have not done.

Debt Letter Template

You will find various debt letter templates all over the web and as a rule most of them are not very good. Write your own or have a debt collection attorney write a letter for you. You can then use this as a template for future debt collection needs arise.

You can use our frequently asked questions to consider additions to your demand letter. Let your detor know what to expect without out and out threatening language.

Debt Collection Letter FAQ

  • Can I Send A Letter Anonymously

    Absolutely not. That sounds like you might be in the wrong or blackmailing. You have to use your details and make it as easy as possible for the recipient to reply.

  • Am I Oblidged To Send A Reminder Letter

    Not really, unless it is stipulated in your contract. However, as a 1st step in the debt collection process it is essential that you have something that you can refer to.

  • Where Do I Send Letter If Debtor Has Absconded

    Send the reminder or defauly letter to the last know address. It might be forwarded to the debtor. If you know for a fact they have left the address do not waste postage or paper in sending multiple letters. You can use a debt collection agent to locate your debtor and complete a financial check on them. And simply stop sending the letters.

  • Does The Remider Letter Have To Be Sent By A Lawyer

    You 1st letter to the debtor should be sent by yourself. This keeps the negotiation process open, quick and cheap. Try not to involve debt lawyers at this stage.

  • When Should I Send The Debt Reminder Letter

    From years of experience we suggest you send the default letter as soon after the payment date as possible. Remember if you allow the debtor to pay via a bank there might be additional clearing time for checks. You might want to wait 3-5 working days. If it is by direct debit, send the reminder as soon as the debit is returned.
    Nothwithstanding these suggestions, you can send the reminder letter the day after the payment was due and not made. in the afternoon to ensure all paymenst by post are accounted for.

  • Can I Write Anything On The Outside Of The Envelope

    The days of writing final demand or overdue payment on the outside of a letter are long gone. Do not do it; maintain the moral high ground. You should never embarrass or intimidate your debtor. You can of course add your name and address so that the debtor might be convinced to open your letter.

  • Can I Send Reminder By Email or SMS

    Yes, assuming you have specifically stated this in your agreement. You can do this if you are collecting your own debt. Do not be impressed by lawyers or debt coolection agents who only use this method becuase it is cheap.

  • What Is The Best Method To Deliver A Debt Collection Letter

    The absolute best method is to have the letter delivered, is to place in the debtors hand. This gives the default letter real urgency and legitimacy. The person delivering the letter will be able to report back to you the situation the debtor is in. Mainly attitude and living style.

  • How Do I Deliver A Demand Letter In A Foreign Country

    Although you have the likes of DHL and FedEx, we would suggest a 2 step approach. Firstly an email. Should that fail you need a professional. Locate an international debt collection company near where you think your debtor is. Have them deliver it for you.

Sample Of Debt Collection Letter

You are not going to find a sample letter that you can simply plug in your details. The reason for this, is that you have to understand what you are writing and therefore have to write it yourself. Sample debt letters refer to all sorts of things that are legal sounding, but mean nothing to you nor your debtor.

Filling these sample templates takes longer than making your own debt collection letter. We know – we have tried. If you want a legal letter, get the services of a debt collection lawyer.

If you can read this, then you can make your own debt collection letter. It does not need to be a literary masterpiece. Even if it has to go to court.

Make it Easy For The Debtor To Pay

Many years ago, the way to receive a payment was either in cash or a cheque. There are now a bucketful of ways that a debtor can pay you. It is imperative that you make it easy to accept payment. Wire transfer, PayPal, cryptocurrency, cash, Western Union, cheque, to name a few. In your debt collection letter make it abundantly clear that you will accept most types of payment. If you, wish you can send your debt letter sample to us to review free of charge.

By cash, we do not mean them handing you cash. They can deposit the cash into your bank account.

Cost and Risk Calculation

Writing a demand letter or a reminder letter has many costs involved. And a calculation of risk. So, how much will it cost to collect the debt versus the chance of a timely result. The cost to you includes your time, repayment time, outgoing expenses, and stress. Once you have written down these items and weighed them up, then you can decide to:

  1. Continue. Use a diary
  2. Outsource. Search the internet for a debt collection agency
  3. Write off to a bad experience. You might be able to obtain a tax deduction for this.
  4. Consider Resolute Collections.

Never throw good money after bad, unless you want to teach the debtor a lesson. Chasing after bad money will undoubtedly teach you a lesson. Can your debtor ever pay?

Stages in A Debt Collection Letter

You should have the ability to increase the pressure at each incremental stage. Do not go in with all guns blazing. If you do, you have nothing to fall back on.

Reminder, 2nd Reminder or Final Demand Letter

It makes for a great road map to send 3 letters unless you are already at the stage of a final demand letter. Each reminder in the process informs the debtor that you are good to your word. In the initial reminder you can give them a specified time to resolve the issue. If they fail to satisfy the debt in the time span given you immediately send the 2nd reminder. If that fails, you reveal your final demand and what actions might be appropriate. This gives you time to consider what “next stage” action could be.

This advice stands good for commercial debt collection and international debt collections .

Language Appropriate

Try to keep the letter language simple, so that the debtor will understand its content and purpose. Ensure that the content of the debt collection letter is in their native language and yours. This may mean you have to have your debt letter translated. Do not machine translate, have a real person translate the letter. Fiverr.com and many other can do this for you.

Debt Collection letter Promises

Never stop any action on a promise. If your debt collection letter has prompted action, NEVER stop your planned stages. You stop action when you are paid.

Additionally, never negotiate on the broken promise – you immediately go back to the demand you made in the final debt collection letter. A broken promise means a new negotiation.

Our experience has taught us that you all too often end up discussing the broken promise. The initial demand is often forgotten. The broken promise is dead in the water. Leave it there.

Concise

If at all possible, ensure that you can convey your demand on the debt collection letter to 1 page. It makes it easier to read, nor can the debtor say that they have lost a page. If your demand letter has be 2 or more pages through necessity, ensure they are numbered, bind them together with staples and tape. 

Where To Send Your Debt Collection Letter?

This sounds obvious – send it to the home address. However, you might wish to send it to an adds that you know the debtor uses frequently. Ensure that it is marked private and confidential, to be opened by address only. [debtor name] c/o [golf club] etc.

How To Send Your Demand Letter

Always send by recorded delivery and email – both if possible. This gives you legitimacy. They cannot say that they never got your demand letter. You may want to consider hand delivering the letter and have this filmed on a phone.

Reread and Reread Your Debt Collection Letter

It is essential that you or someone else rereads any letter before it is sent so that it is perfect. Grammar or spelling errors are jumped upon by debtors. Online companies like fiverr.com have copy writers who will review and edit your debt collection letter. Becuase, it is better to pay a small fee than be ignored.

What if Your Debt Collection Letter Strategy Does Not Work?

Re-evaluate if it is worth pursuing. Focusing on other aspects of life and business could be more worthwhile and profitable. Throwing good money after bad will does not work, even with the best debt collection letter in the world


If you have no luck with your final demand letter, what should you do?

You can use one of our solutions. Resolute collections has 3 options you can choose from. You might as well start today without delay.

Debt Letter Template

There are literally hundredes if not thousands of site offering templates to make it “easier” to compose a definitive reminder letter. I have yet to find one that was eaiser than writing my own. They all appear to be tempting you to use a solicitor.

If you cannot write your own letter – use a solicitor. However, they then have you on their hook.

Do you have any suggestions that make for a great debt collection letter

Please share your ideas. Your experiences will help us all! If you have a debt letter example we can share so that we can help other creditors. Especially those chasing personal debts.

Creditors and the Debt Collection Letter

The following is from a debt collection agency in the USA. It might repeat some of what we said. However it is always good to have our thoughts bolstered by debt recovery agent. It describes how debt collection is a 2 way street.

You may think that the debt collection letter that’s sitting in your mailbox is nothing but pain mailed directly to you. However, you have to keep in mind that for every debt collection letter that is sent, the pain goes both ways – the creditor is desperate for payment for an overdue account and the debtor is scrambling for money to meet the due date of the payment. So, just as much as the debtor feels pressure, so does the creditor. After all, every delinquent account means that the company will not be getting back some money.

So, what exactly does a debt collection letter contain? The debt collection letter is sometimes referred to as a letter of demand. This letter notifies the debtor of the outstanding balances or unpaid amounts on his account. In certain cases, the letter may also inform the debtor that unless he is able to make the payments on time, court action may be used against him.

In order to help the creditor grasp the full details of the debt, the debt collection letter must come with all the documents that are related to the account. These include copies of the contracts, invoices of past payments, and other letters of agreements made between the debtor and creditor. This way, the debtor will have the documentation that proves that he is responsible for the debt.

The debt collection letter lets the debtor know that the creditor is serious about getting his money back. And in the event that the matter goes to court, the creditor can use the letter as proof that the company did attempt to contact the debtor in an effort to settle the account.

Now that the debt collection letter has reached your mailbox, what do you do next? The first step is always to respond to the letter. You have to let the creditor know that you are not running away from your responsibilities. If you ignore the letter, you may put yourself in more trouble.

Before you respond, study the letter and the attached documents. If you need to dispute the debt, contact a lawyer who can help you. Once you and your lawyer have drafted a letter of dispute, mail it to the creditor immediately. If you agree that you do owe the debt, you should contact the creditor as well.

Once you have contacted your creditor and your responsibility for the debt has been duly established, you may begin to negotiate with the creditor. You can offer to pay several installments or you may offer to pay immediately but with a lesser amount. Since the creditor most likely wants to save on the costs of pursuing you for payment, he is bound to agree.

After you respond, the debt collection letter has done its job. It has opened a way for the creditor to reach you and inform you of your delinquencies. At the same time, the letter has made some options available to you, and you can select a payment scheme that is affordable to you.

Dealing with Debt Collection Letters

We have to thank those interested in fair debt practices in debt collection for this additional information.

If you have missed payments for any of your debts, there is a chance that you will have debt collection letters piling up on your desk. These letters will remind you of all the money you owe to certain people or certain companies. However, before you shove those debt collection letters into your desk drawer, try looking at them. Once you start acknowledging these letters, you’ll have less anxiety over your unpaid bills.

Get all your debt collection letters out. Try organizing them. Sort the letters according to the companies that sent them. After that, sort them according to the dates they were sent. Organizing the debt collection letters will help you track the status of your account.

If you’re getting confused, here’s a quick guide to help you understand the different types of debt collection letters you will receive.

Initial Collection Letter

– This letter is the first letter you will receive. It simply notifies you that you have missed a payment. It contains information about the amount you owe as well as the due date. It may also include information about penalties for late payments.

Follow-up Collection Letters

– These letters may form the bulk of your pile of debt collection letters. They carry no threats. They simply tell you things like the amount you owe, how long the payment has been overdue, and how you can settle the account immediately. These letters also state that the creditor is still willing to conduct business with you, and he still values you as a good customer. Since these letters are to notify you about your outstanding debt, your creditor will send a lot of them to you.

Final Demand Collection Letter

– This letter is the last letter you will receive. If you do not respond to this letter, expect a debt collector to contact you. Out of all the debt collection letters, this one is the most serious and imposing. It usually gives a deadline for you to make payment of the amount due. This letter also informs the debtor that if he does not make any response, the account will be turned over to a collection agency.

Debt collection letters help the debtor understand one thing – the creditor wants his money back. So, before you get into further trouble, grab the debt collection letters and contact your creditor immediately. However, try to initiate communication through writing. This ensures that you will have actual documents to use as evidence in case there is any disagreement between you and your credit in the future.

Once you have responded to a debt collection letter, just wait for offers from the creditor. Usually, debt collection letters are a sign that the creditor is frustrated. He is eager to get his money back. In order to make sure that you keep paying, the creditor will negotiate with you. He may lower the fees, give you more time or reduce the interests on your debt. For the creditor, it is better to receive a smaller amount than nothing at all.

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