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  2. Aug 13, 2021 · Consumer Financial Protection Bureau. Was this page helpful? When customers owe you money, a collection agency can help. Learn how collection agencies work and some tips for choosing the best one for you.

    • Does The Collection Agency Fit Your Needs?
    • Does The Agency Know Your Industry?
    • Is The Collection Agency Reputable?

    Focus on the agencies that meet your business’s unique needs. A collection agency that goes after B2B debt won’t work if your customers are consumers. Second, pinpoint what you want from the agency, and focus your search there. You may, for example, only want collections services, or you may be looking for billing, precollections, credit reporting,...

    With so many collection agencies vying for companies’ business, they have to find ways to stand out. One way to do this is to focus on specific niches, such as healthcare, insurance, utilities, credit cards or mortgages. For business owners in very specific industries, the experience the collection agency has in the industry should be the deciding ...

    Reputation is everything. That’s particularly true with collection agencies. They are reaching out to your clients on your behalf. If they are rude and unprofessional, it hurts your reputation. Following these tips can provide some assurance that you that you’re hiring a reputable and effective collection agency: 1. Poll your attorney, accountant o...

    • Donna Fuscaldo
    • Known to be one of the best options for commercial collections, The Kaplan Group boasts an 85% success rate, and businesses don’t incur any costs unless they collect.
    • With a focus on a simple, two-stage debt recovery system, Rocket Receivables is well renowned for their easy to use platform and one-fixed fee promise.
    • Atradius Collections is a collection agency for small business owners, but they are also known for their international reach and automated approach.
    • Prestige Services Inc. (PSI) has an excellent track record with pre-collection services, professional skip-tracing, accounts receivable management, and more.
  3. Working with a specialized small business collection agency is critical to protect yourself from mounting delinquencies, outstanding balances, and bad debt. American Collection Systems brings 40+ years of experience and proven results in increasing cash flows.

  4. Our agencys customizable, ethical, and consumer-friendly approach to debt collection helps you recover past-due income in a way that benefits both your customers and your small business. With IC System, you’ll have access to: Automatically send debts. Compile consumer data. Reduce inefficiencies.

  5. A debt collection solution for small businesses with 50 or fewer debts a month in need of help collecting on past-due accounts with integrity. View. Recovery Plus. A two-phased debt recovery service with letters-only and intensive collection treatments offered at a competitive flat rate.

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