Picking a Partner

Deciding who will manage your past due accounts is always a decision that requires a lot of thought. How will you know if they are the right company for you and your needs? Here are some questions to pose to any potential collection agencies you may consider using:

• What is their success rate?
• How long before they being to work on your case?
• Are there collectors experienced with your industry?
• What kind of bad debts are they able to handle?
• Can the collection agency collect in your state?
• Are they able to skip-trace your debtor?
• If the debt is uncollectable, will they be able to start litigation procedures?
• Does the agency charge a flat fee or work on a contingency basis?
• Does the agency make you sign any long term agreements?