In order to keep your business running, you need to collect payment for the product or services that you offer to your customers. However, not all the clients pay in time and some of them may default onto their payments for various number of reasons. As a business owner, you might not have the opportunity to settle on incessant phone decisions or to write letters with an end goal to gather delinquent obligations. The more seasoned the obligation gets, the harder it is to gather. In the event that your requests for installment have been ineffective, recruiting commercial collection agency can be amazingly helpful for your business.
Many entrepreneurs have the idea of a debt collection agency – and for good reason. In the past, anyone could set up a debt collection agency without being registered or regulated in any way. Currently there are rules and regulations governing debt collection agencies. Hiring a debt collection agency is one of the easiest ways to refocus your business while someone else is in charge of the collection process. Here are some benefits of hiring Money Investigation, Inc. as your debt collection agency:
Higher Rate Of Recovery
Money Investigation, Inc. has a years of experience in collecting unpaid debts and have been able to achieve more than 90% success rate. Hiring MII increases your chances of collecting overdue accounts. Your primary focus is running your business however, the main focus of Money Investigation, Inc. is to collect debts. Our highly trained professional knows the best techniques to legally coerce debtors to pay and have a greater impact on debtors than you do. A collection account negatively affects a debtor’s credit score for up to seven years, and debtors often make arrangements to pay back their debts in order to avoid damage to their credit.
Get Legal Protection
Today, there are many laws that govern the debt collection industry and knowledgeable customers will not hesitate to sue if their rights are violated. Collection agencies like MII, knows this very well and therefore aware of this law. Money Investigation, Inc. is very familiar with the laws of the collection of different states and the laws of the countries under which the agency is licensed. Allowing us to pay back any outstanding debt on your behalf eliminates the legal risk associated with collecting debt yourself.
When we communicate with any debtor, we make a complete record of it. If you want to sue the debtor in the future, the MII has exhaustive records of debtor, each time we contact them for collection. This documentation exhibits to the court that you set forth broad exertion to recuperate the debt. Also, on the off chance that you claim bed debts as tax deduction, you’ll need to have this documentation for your assessment records. In case of a review, the IRS will need to see that you depleted each choice prior to discounting the obligation and guaranteeing it as an allowance.
Money Investigation, Inc. knows that every entrepreneur has an exceptional arrangement of requirements, and they offer an assortment of projects that fit with various plans of action. MII is flexible enough for you to provide you a solution that fits your requirements. Our solution will be customized depending upon your needs. Get in touch with us right now to know the solutions that we offer to our clients.
Recover Your Debt Faster
When you hire us, debtors tend to pay faster as our unique service accelerate the payment process enabling you to recover your debt faster compared to others. Just by hiring us, you don’t have to spend extra time and effort to run after your customers. Our process saves your time, money and energy, enabling you to focus on your business and recover your debts faster.
Since MII is specialized in commercial collections, we offer valuable tips and advice that helps you to strengthen your company’s financial position. We always help our clients to get their business out of debt and effectively strengthen the cash flow.
Letting a highly experience collection agency like MII, helps you to manage your outstanding account enables you to get numerous benefits. Your collection efforts will be more effective and efficient, helping you to reduce the legal risk and have access to valuable professional advice when it comes to professional debt recovery.