Wednesday, December 3, 2008

Debt Collection Agency

By JR Rooney

As a business owner, what do you do if one of your customers does not pay you on time? If you hire an in-house person that will just cost you more money out of pocket. Your bottom line is at stake. What you need to do is hire a Debt Collection Agency

I am going to highlight one collection agency in particular Rapid Recovery Solution, Inc. Rapid Recovery is a Full Service, Attorney Based Debt Collection Agency servicing customers on a multinational level. RRS has 750 offices in 360 cities in 60 countries. Many locations allows for easy skip-tracing. RRS understands uncollected accounts directly affect your bottom line. Rapid Recovery Collection Agency knows this basic business fact. They also know that businesses work best in 30-day revenue cycles.

RRS works with companies of all kinds. A sampling of some of the types of business they have collected for: corporate accounts, educational facilities, telephone companies, utility companies, taxes, bad checks, repossessions and even bank cards. This list validates they have experience in many fields. A free service they provide: credit bureau reporting, skip-tracing and effective dunning notices.

They will even have different solutions to offer your past due customers. This will help your customers add cash flow to your bottom line. The end result being, a paying customer and a happy client.

Here are the steps they will usually take with your customers.

The first notice is sent to the debtor. They will attempt to contact for 30 days via phone, fax and email.

If RRS has been unsuccessfull in the previous attempts they send a 2nd notice. Phone call will continue.

If they have not paid yet it is time to report to the credit bureaus

No communication from the debtor means a final demand is going out via USPS certified mail.

RRS tries to simplify the payment process by offering payment via Check by phone and Paypal.

As a courtesy RRS will report progress to you every month. They also report weekly for clients with many placements.

Rapid Recovery Solution, Inc. strives to be the best at getting you paid. Feel free to contact them: 80 Orville Drive ste 100, Bohemia, NY 11716 and by phone at 631-776-8109

for more detailed information go to: http://www.RapidRecoverySolution.com

Remember if your customers do not pay you, you won't make any money. Consider contacting Rapid Recovery Solution, Inc. today if you are having collection problems. - 15246

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