As a businessperson, you know the maddening frustration of this scenario: you’ve done a great job providing goods and services to a demanding client, extending yourself and your staff to make the client happy…and when the invoice is due for payment, there’s nothing coming from the client.
It’s a risk every business takes, that a customer won’t pay, can’t pay (uncollectible debt), or ignores the payment process (bad debt).
If you’re the principal in a small business, you know that a bad debt on a big project can mean the difference between being profitable and suffering a loss. If you bite the bullet and contact a collection agency, what do you get? Letters and phone calls to the customer? And maybe nothing at the end of your fee?
Have you thought about using an agency that provides debt settlement solutions…a firm that does research on a deadbeat customer to discover that company’s assets, then uses an attorney to lock those assets so they can be accessed by a collections firm?
Debt settlement solutions is a process that can succeed in getting you the money you’re owed through bad debt recovery and business debt recovery. These debt recovery solutions and debt collection solutions use a multifaceted approach to discover where a customer’s assets lie and how to get at them, all on your behalf.
You can try a do it yourself debt settlement process (and probably have). How’s that working for you? If you’ve made all reasonable efforts to collect a debt and have been unsuccessful, that’s the definition of a bad debt. And if your customer has filed for bankruptcy, you’re prevented from sending letters about the debt you’re owed.
Think about a debt settlement solutions agency. It gets you out of some really distasteful dealings with your deadbeat customer, and the debt settlement solutions process puts the retrieval of what you’re owed in professional hands. The debt settlement solutions firm will investigate, track and recover funds for you, and some debt settlement solutions agencies can also supply expertise on how to best use “found” money.
If you’re at a level of frustration approaching wit’s end, think about diving deep for what you’re owed with a professional debt settlement solutions agency that may well bring new ideas and hope for seeing your money. It is, after all, your money.