The longer a delinquent account is held by the creditor, the lower its chances of being collected at all. If you are dealing with a solid business that hasn't paid, you have a fair chance of collecting once the agency sets to work. But, if the debtor-business is financially shaky or irresponsible, recognize that the agency will have tough going. Using professionals can increase the odds of collecting, but there are no guarantees. However, if an issue goes to court and the creditor receives a favorable judgment, most courts do allow post-judgment interest.
Litigation is a slow process.
While in some instances filing a suit may prompt the debtor to allow a default judgment in the creditor's favor or to settle the case, crowded court dockets and delaying tactics of the debtor may delay a judgment for many months or even years. It is necessary for the creditor to determine whether the likelihood and amount of recovery justify the time and expense of litigation. If you authorize a suit, a professional collection agency will inform you of the court costs and suit fee requested by the receiving attorney. These are in addition to the contingent collection fees. The merchandise was delivered or the service provided.