Use the following checklist to help decide if you are ready to hire
a debt collection agency.
[ ] Are your written contacts and phone calls failing to elicit
action from your debtors?
[ ] Is your business allocating more resources to debt retrieval
than it is managing to recover?
[ ] Are individuals that owe your company money no longer reachable
at their former places of residence or business?
[ ] Is the alternative of a third company buying your debt (even at
a reduced price) a more attractive option for your company than having to pursue debtors
independently?
[ ] Are you interested in finding a viable option that allows you to remove debtors from your
accounts receivable records?
[ ] Are you willing to pay a fee of ranging from 10%-50% for a
collection agency to retrieve bad debt from your debtors?
[ ] Is the retrieval of the money owed to your company by a specific
client a greater priority than maintaining that client’s business?
[ ] Is debt affecting your company's ability to be in business.
