Accounts Receivable Swollen? Consider Hiring a Debt Collector
Running a small business is tough. Half of small businesses don’t last more than five years, and many never turn a profit before they fail. Sometimes this is because of poor business practices, but sometimes it’s because of customers failing to pay quickly enough, or at all. If you’re a business owner struggling with accounts receivable swelling and not enough operating revenue, it may be time to look at debt collection and recovery services.
Debt collection services are, of course, not free. They’re typically a percentage of the amount of debt collected, from 25% to 50%, but if your company is desperate for funds, something is better than nothing. In addition, there are several advantages to working with a debt collection agency for tough accounts.
Avoid accusations of harassment.
Excessive calls or a threatening tone can be used against you to claim harassment in court. Hiring a debt collection service puts phone calls in the hands of professionals, and take
