If you own a business, you probably recognize it: one of your customers doesn’t pay, even after several attempts to get in touch with them and remind them.
Unfortunately, if friendly reminders are not enough, you have to take other measures. There are several ways, but one of the most efficient ways is to hire a collection agency. In this article, we will give you 5 reasons to hire a collection agency so that you can finally recover the money owed to you by the customer(s).
We also give you some tips of good collection agencies.
#1 Expertise
Just as you have the expertise to run your business, collection agencies have the expertise and experience to collect unpaid debts as quickly and efficiently as possible. No wonder hiring a collection agency (Dutch: incassobureau) increases your chances of collecting your debts. Most collection agencies have years of experience in debt collection, so don’t be afraid to seek their help. Their expertise will help you collect the money owed to you.
#2 The right resources
Collection agencies have many more resources than you do. There are several tools and strategies that make debt collection a lot easier, and most collection agencies have access to many of these tools. For example, collection agencies have access to public records databases and credit reporting devices so they can find a customer who owes you money.
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#3 Documentation
Every form of contact the collection agency has with your debtor(s) is documented. These detailed records and documents provide ample evidence if you ever decide to sue the debtor. The documents show that extensive efforts were made to contact the debtor and collect the debt, but they were uncooperative. Having to do all this yourself takes a lot of time. For example, AGIN Otten, collection agency Heerlen (but they work nationwide) has a large debtor file with information you can’t access yourself. All this documentation will make your client pay faster.
#4 Legal protection
Another reason to use a collection agency is the legal protection they can offer you. There are many laws (Dutch: ondernemingsrecht advocaat) that govern how debts should be collected. Breaking any of these laws is the last thing you want, because you don’t want any legal trouble. There are debtors who know these laws very well and, of course, you don’t want the opposite to happen. If you hire a collection agency, you can minimize the legal risks of collecting your debts.
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#5 Get your focus back
As a business owner, there are many things that need your attention. If you have to do debt collection yourself, it takes a lot of time and effort. Your focus and the focus of your colleagues will no longer be on the most important business activities, which is the last thing you need. If a bailiff can do the debt collection for you, you can restore the focus