It means that you never move backward or repeat a step in the hope of salvaging an account. When to Hire a Professional Collector As an account ages, the chances of collecting on it decrease dramatically. It's expensive to carry accounts that you will not be able to collect using the methods at your disposal. It's often a better use of your company's time and resources to concentrate on other aspects of your business. A Profesional collection service can assist you in collecting accounts that remain delinquent.
Collectors have a vast knowledge of collection techniques, technology and compliance issues.
Using a professional collection service will save time and likely yield better results. For some unknown reason, the consumer will not or cannot pay. Potential losses could be kept to a minimum by prompt referral to a collection service. Payment terms fail. In some cases irresponsible consumers pay when and if they want to.