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C2C Resources Releases Three Reasons to Use a Business Debt Collection Agency


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Leading Atlanta-based commercial debt collection agency, C2C Resources, releases the top reasons businesses should turn to a commercial debt collection agency when dealing with delinquent customers.

Atlanta, GA (PRWEB) August 20, 2014

C2C Resources, a leader in business debt collection agency throughout the United States, announced today that they have released three reasons businesses should turn to professionals when collecting their past due debt from customers.

According to the Collection Trends: Commercial Collection Agency Association of the Commercial Law League of America survey conducted by the Commercial Collection Agency Association, the probability of full collection of a delinquent customer account drops significantly with the length of time. After 90 days, the probability of payment drops to 69.9 percent; after six months the probability of payment drops to 52.1 percent; and after one year the probability of payment drops to 22.8 percent.

We advise companies that the best practice for going after a bad debt is 90 100 days, explained Todd Tinkler, President of C2C Resources. It is better to bring in an expert when you need it then wait until it is too late.

C2C Resources believe that when a business faces a delinquent customer, they should outsource to a third-party expert for these three reasons:

1.    The invoice becomes a priority

If a customer is stringing the company along with when they will pay, bringing in an expert can remind them that the company is serious about getting their assets back and maintaining their bottom line. When a third-party commercial debt collector approaches your customer, your invoice becomes a higher priority.

2.    Protect cash flow

At the end of the day, hiring a business debt collector is about protecting the businesss cash flow so that the delinquent debt does not negatively impact the businesss ability to pay their suppliers, utilities and employees. If a payment is not received from a customer, even after they promise that the check is in the mail or will arrive next week, Tinkler suggests companies should take further action.

3.    Expert knowledge

Unlike a staff member who may be completing the collection calling in addition to their regular job, third-party companies employ specialists who know the laws and know the best tactics to collect the debt. Throughout the collection process, C2C Resources will provide clear, up-to-date status reports in addition to 24/7 account access.

Tinkler realizes that debt collection is not the most positive topic in the business industry, but it is something that companies should not put off. We provide a variety of tools to help our clients collect the invoice on their own, but when your efforts are not effective, its important to go to a third-party specialist to protect your cash flow. It is not uncommon to go to a specialist when your car has problems, or you need a home repair; this is one in the same. Let us help repair a part of your business to maximize cash flow.

About C2C Resources:

C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 20,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.

C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/07/prweb12026510.htm

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