Can A Debt Collector Really Help Me Get Paid?

Have you ever wondered how much difference a debt collector can really make? After all, you’ve been struggling to get payment out of your clients for a while, so why would a debt collector have any more luck?

Sometimes it’s as simple as a different voice asking the questions. Someone who’s been there, done that many times before to know which buttons to press or levers to pull to get the right result from a reluctant client. Knowing the ins and outs of how to recover a debt is something of a specialist subject, and it probably isn’t yours. You have your own business to run, and you don’t have time to make the phone calls, write the letters and emails, or generally put the man-hours in to successfully recover the money you’re rightfully owed.

Thankfully, a debt collection agency does. It’s kind of our whole job. No matter how old the debt is (if within 6 years) or how slippery the customer is, a team of experienced debt collectors can make all the difference when it comes to getting you paid.

Free up Your Time

Your time is valuable. And you probably have much more important things to do in the day-to-day running of your business than chasing clients all the time. So hiring an established, professional debt collection agency to recover any outstanding money on your behalf is always going to be the smart move. You can be confident that the debts are being handled in the best way, while you can spend your time, and your employee’s time, on more productive tasks. The experts are out there (and right here), so why not use them?

Build Your Brand

Recovering the money you’re owed is about more than improving your cash flow. Not only will this allow you to invest in marketing your business more effectively, but it will help you build a reputation in the marketplace. Believe it or not, customers and suppliers talk, and the way you handle overdue invoices and non-payments can follow you around the industry. By outsourcing it to a professional, you can build respect in your sector and ultimately grow stronger as a business.

Processes That Deliver Results

Professional debt collection agencies have their processes honed to perfection. Each one will do things slightly differently, but all will have a proven process that they will follow to recover your debt. The first step is almost always to assign you a dedicated account manager. This person will have experience and knowledge of your industry and will take time to get to know you, your processes and your efforts up until now. They’ll then start the debt collection process, responding to requests promptly, quickly getting up-to-speed and establishing a dialogue with your debtors. They’ll keep you up to date at all times, until a satisfactory conclusion is reached.

One-Off or Long-Term?

Every debt collection agency wants clients to come back to them for more work in the future. Ideally because of their service, not because they have no other choice. Many collectors won’t ask you to sign up for a fixed contract right away, or charge a joining fee to use their services. Especially if it’s a one-off collection. Instead, they will rely on their quality of service and results to win your loyalty. This means you can be confident that you’re not spending hundreds or even thousands on collecting one debt.

At Debtcol, we specialise in debt collection for businesses with one-off and multiple debt collection, as well as outsourced credit services. We work closely with our clients, ensuring they are informed of our progress at all times, and are happy with the approach we’re taking. We have a high success rate for recovery and a lot of testimonials from happy customers to back that up! If you’d like to find out more about what we do and how we work, just get in touch with one of the team today.