When it comes to debt collection, no one should have to end up in an awkward situation. On a daily basis, businesses face the prospect of having to go down the route of debt collection, whether it’s an unpaid bill of goods sold, or services provided.
At some point in time, everyone has to deal with debt. This is when the right debt collection agency can help get you the results you want for your business.
As time passes, the chances of collecting a debt can diminish, so you have to be proactive. You might not have enough time, or ability to deal with the debtors; debt collectors are great resources in this situation.
However, when it comes to hiring a debt collector, many questions can come to mind. One of those not often answered questions is – if I am accessing a debt collector, when should I expect to see my money?
As one of the best debt collection agencies, working in all Australian states and territories, we would like to answer this question.
Well, there is no straight answer to this question, and it is essential to know this during a debt collection journey. Debt recovery requires constant increasing pressure and build in momentum until there is a breakthrough.
The timeline depends on various factors such as the quality of the line of communication with the debtor, the debtor’s capacity to pay and the motivation provided by your areas team or our debt collectors.
Another crucial factor is continuity with every increasing contact, demand and believable consequence for non-payment. Alleviating the pressure reduces your likelihood of ever seeing your money. By accepting a debtor’s delays and excuses, a creditor is communicating to the debtor that their invoice isn’t that important.
Even if you have hired a debtor collector, your accounts team still has some responsibility in the situation. When they do their part, the debt collection agency can then do theirs. If this does not work, we might even have to go legal.
When a debtor evaluates which of the invoices on their desk requires attention, our job is to make your invoice the most essential one. A debtor who has received extensions and made believable excuses has successfully deflated your attempts at escalation and are not concerned about your ability to act in a manner that has consequences for them or their business.
They do not think that of us, and it’s obvious from our tone, focus, momentum and available resources. There is a reason why we call our online debt assessment tool, Debt Terminator. It’s a characteristic that gets results.
We have to take several actions as a debt collection agency. The first thing to do is send a letter of demand. Then the recovery time depends on the number of days the debtors take to respond to the demand.
At eCollect, we offer fast debt collection by our experienced debt collectors and account managers. Our staff members are paid on results. The more they collect, the more they get paid. This provides an excellent incentive for hard work on your behalf.
We can help you with debt recovery anywhere in Australia. Next time you have a problem with debt collection, contact eCollect and get you money recovered.
