What would you do if you own a business and you have customers who refuse to pay their bills that they owe you? 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.
One such collection agency is American Corporate Recovery. They have offices right here in Ohio and in California. That makes it even easier for them to contact customers who move around a lot. They understand that your business will not run properly if your customers do not pay. They also understand that businesses work best in thirty day revenue cycles.
They work with businesses of all kinds. Here is a sampling of some of the collections they have done: corporate accounts, educational facilities, telephone companies, utility companies, taxes, bad checks, repossessions and even bank cards. This list proves that they have experience. They also these services: credit bureau reporting, a state of the art skip tracing department and effective dunning notices.
They will even have different plans they can offer your past due customers. This will enable your customers to pay on a timely basis. In turn, you and the customer will be happy.
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 data base. An acknowledgement report will then be mailed to each customer.
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.
The company will then make telephone contact with each of your past due customers. During this conversation, the operator will try to get the customer to pay his/her bill in full. If he/she says that is not possible, then the operator will set up an easy payment plan of 2 to 3 installment payments. This will make it easier for the customer to pay and for you to get your money.
If necessary, than the credit bureau will be contacted about each past due account, if this is want the client wants. This will be discussed first.
If it warrants, a skip warrant will begin to try to find the customer. This can be done through phone and internet records.
To make it easier for your customers to pay American Corporate Recovery can accept payments for you through check by phone, credit card payments and debit payments.
When it warrants, each file will be updated each thirty days, especially when customers do not make the payments as promised.
American Corporate Recovery 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: 3570 Executive Drive, Uniontown, OH 44685 and by phone at 1-800-808-8557 or at their California offices at: 8121 Van Nuys Blvd., Panorama City, CA 91402 or by telephone at 1-800-478-6570. Their website address is: http://www.americanmedsystems.com/Self_pay_medical_billing.html.
Remember if your customers do not pay you, you won’t make any money. Consider contacting American Corporate Recovery today if you are having collection problems.