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Debt Collection
April 5th, 2008
The annual financial report of our company has been out lately, the figures are not really nice figure which we wish to see. Anyway, we noticed that the debt account which our customer owing us money has been increases. This account shouldn’t appear in our financial report as customer should settle all the outstanding payment before they collect their car from us. Anyway, don’t ask me why we still allow our customer to collect the car even they haven’t settle off the outstanding down payment for the car.
Some big organizations will have a Debt Recovery Department but for smaller companies, they can outsource the Debt Collection task to a collection agency such as the American Profit Recovery (APR). APR has developed an innovative Tier I – Flexible Recovery Solution that allows clients to outsource their collections early in the collection cycle for as little as $5.00 per account. There is also a proven Tier II – Firm Recovery Solution that helps clients capture funds from older accounts which normally results in higher recovery rates. Just click on the link above for more information on APR. It is best to leave the onerous job to the professionals sometimes.