Friday, November 28, 2008

Debt Collection Company

By JR Rooney

What would you do if you owned a business and you had customers who refuse to pay their bills on time? You know you need the money to succeed. You can't waste your own valuable time calling these customers and asking when you can expect payment. You probably don't want to hire a person to do this and your accountant is probably all ready too busy as it is. Where do you turn? You hire a Collection Agency to help you.

I am going to highlight one collection agency in particular Rapid Recovery Solution, Inc. Rapid Recovery is a Full Service, Attorney Based Debt Collection Agency servicing customers on a multinational level. RRS has 750 offices in 360 cities in 60 countries. Many locations allows for easy skip-tracing. RRS understands uncollected accounts directly affect your bottom line. Rapid Recovery Collection Agency knows this basic business fact. They also know that businesses work best in 30-day revenue cycles.

Not all businesses are the same. RRS has developed a system to handle many types of company debts. A few examples: B2B, Wholesalers, Manufacturers, Dr's Office. This is just a short list validating they are exports in many fields. as a bonus they also provide, free of charge: credit bureau reporting, skip-tracing and effective dunning notices.

They will offer a number of solutions to your non paying customers. Payment plans, settlements, refinance a home or consolidate debt. RRS will have a satisfied customer and possibly a happy debtor.

Here are the steps they will usually take with your customers.

First, they will enter all the information on your past due customers into their database. The dunning notices will now begin. The determination on the frequency and type of dun will depend on the circumstances involving each account. You may discuss this with a company representative.

A second letter will be sent after 30 days if a payment has not been secured. The calls will keep going out.

If they have not paid yet it is time to report to the credit bureaus

No communication from the debtor means a final demand is going out via USPS certified mail.

To make it easier for your customers to pay Rapid Recovery Solution, Inc. can accept payments for you through check by phone, credit card payments and debit payments.

As a courtesy RRS will report progress to you every month. They also report weekly for clients with many placements.

Rapid Recovery Solution, Inc. will do everything possible to see that their clients get their money. If you are interested in learning more about their operations you can reach them at: 80 Orville Drive suite 100, Bohemia, NY 11716 and by phone at 631-776-8109

Their website address is: http://www.RapidRecoverySolution.com

Rapid Recovery is so confident that they will collect your money they are willing to work for free to prove it. You have nothing to lose and everything to gain. Give RRS one shot to impress you by calling or emailing Rapid Recovery Solution, Inc. today. - 16089

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