Unfortunately, dealing with bad debt is an issue that most businesses eventually face. Rather than just wringing your hands or writing off the debt, you may want to think about bringing in a collection agency.
Collection agencies specialize in collecting payment from overdue accounts and can work in two ways.
For larger debts, they will typically send letters and make phone calls to the delinquent account. Choosing a service Choosing a collection service requires a lot of careful consideration given the fact that this company will now be reaching your customers. Quick Tips Make sure to follow up with all overdue accounts. As accounts become late in paying, institute a series of overdue notices. You should schedule regular written and oral reminders before considering a collection agency.