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!
- Can you prove that the business owes you money?
- Do they have cash or assets to pay you?
- Has any complaint or quality issue been resolved?
- 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
When you open google maps it will probably open where you are. Move to step 2
Search For Location Of your Debtor
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
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
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.
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.
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).
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
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.
- 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.
- 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.
- 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.
- Take action as soon as possible. The law of delay always works against you.
- The LAW is how you understand it to be.
- 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.
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