Debt Collection Solutions

Debt Collection Agency » Debt Collection Solutions

Almost every organization, no matter how modest or large will eventually be faced with the difficulty of uncollected debts. This may possibly start small, with a few unpaid invoices here and there, but as your enterprise grows over time the total account receivables could turn out to be a considerable amount. Ignored, this becomes a loss that can impact the bottom financial line of the enterprise. Keeping up with accounts receivables ensures the firm runs smoothly and all services are paid.
Conventional debt collection agencies function on a commission basis. This means, for every single debt they collect, they take a percentage for their commission. The commission can be up to 50%. Since the debt collection agencies works on commission, they naturally work harder to collect the bigger debts given that it increases their pay, and the smaller debts are often left stagnating. Debt collection becomes the lesser of two evils, writing off the whole debt as a loss, or collecting only a portion and claiming the rest as a loss.
Invoice Guard is a different sort of debt collection agency. They work at a low, flat rate fee of $100 per month. Up to 4 accounts can be submitted per month. Since the service is flat rate, all accounts are worked, no matter how little or significant. Businesses can now feel comfortable submitting their debts to collections in a timely manner considering that they do not have to pay such a steep percentage of money received. This helps make sure the debts are in fact collected, as the sooner the debtor is contacted, the much better the chance of payment. If your enterprise wants more accounts collected than four per month, there is a low flat rate charge of $15 per additional account. Invoice Guard will request the debtors to make the check directly to the company for the quickest resolution of the debt.
An additional advantage of utilizing Invoice Guard is that debtors who are slow to pay their invoices frequently will pay upon the first contact by a third-party debt collection agency such as Invoice Guard. Considering that Invoice Guard is contracted on a monthly basis, it is easy to submit invoices prior to they get too old to collect. There is no downside to submitting unpaid invoices to Invoice Guard. The rate of recovery of a debt considerably drops off following 90 days, so it is best to send invoices before they age 90 days. Invoice Guard gives an easy online interface to submit orders for collections and check the status of debts in collections.
Invoice Guard can simplify nearly any organizations collection activities, whether a modest business or a larger enterprise. Any business has the right to be compensated for services provided. Invoice Guard gives an innovative remedy to the growing account receivables issue that plagues so a lot of companies.

We recommend letting a professional National Collection Agency handle your outstanding debts for the most effective and efficient no-upfront cost way to collect on monies owed to you.

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