Getting what you’re owed: How hiring a collection agency can make life easier
Every self-employed person anywhere in the world has experienced the impossible situation of having a debtor who just won’t pay. It’s not only unfair and annoying, given all the hard work you did, it’s also a hassle trying to contact them time and time again to try and get them to pay. Many people think that’s all they can do if they want to see their money, but in fact you don’t have to spend an awful lot of time on this – you can hire a collection agency to track down your debtor for you. Here’s why working with a collection agency will be worth every penny.
Regain your focus and time
People choose to hire a collection agency simply so that they won’t have to deal with the issue anymore. It’s very freeing to know you can get back to focusing on your work and the good things in life without the worry of checking your mailbox daily to see if your debtor has answered your email or paid you. Putting the matter in expert hands allows you to spend your time on your business – your collection agency has it covered.
Choose a partner with deep knowledge and experience
Did you know there’s a thick book of rules on debt collection? You can’t just knock on someone’s door when you feel like it! So that you comply with all the laws and regulations, it might be a good idea to hire a collection agency that knows what you can and can’t do. You certainly don’t want to accidentally break the law and be sued by your debtor – and it happens! By working with professional debt collectors you minimise your legal risks. Moreover, these agencies have an array of tools that won’t be available to you if you try to solve the problem on your own, for instance access to databases with old contact or credit information.
They have one focus: getting your money back
Contacting your debtor time and time again will eat away at your focus on your real job. It’s time consuming and it’s tiresome –often, you get to the point where you’re just not in the mood anymore, you’ve tried it all and you’re ready to give up. If you offload all the effort to a collection agency, they won’t stop until they’ve made your debtor pay, especially if you choose a “no cure, no pay” agency. These kinds of agencies only receive their fee if they are successful in getting the debtor to pay. In other words: if you don’t get the money you’re owed, you don’t have to pay your collector. Super handy! You’ll probably find an agency that offers this in your area. Don’t forget to check out their Google reviews to make sure they’re trustworthy and good at what they do.
Good luck, we hope you get your outstanding amounts back as soon as possible!
The editorial unit
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