1. Submitting your defaulted accounts to a professional collection agency can mean less work and less in-house costs for your company. Handling the phone calls, collection letters, and administrative duties to successfully recover your revenue can be exhausting. A collection agency that specializes in these tasks can save you a great deal of time and money.
2. Contacting consumers who have defaulted on their accounts can simply mean more income for your business. Allowing a collection agency to consistently contact consumers who are past due will provide a strong leveraging system to assist in tracking down what is owed to you.
3. Consumers are more likely to pay off their debt knowing that they will be reported a credit bureau. Having a past due account on your credit report can greatly affect a credit score in a negative way, which many consumers try to avoid.
4. Taking further action can prove to be worthwhile. When litigation may be necessary, a company such as Conrad Asset Team has the tools necessary to take more aggressive action.
5. Collection letters, collection calls, and an online pay portal are many times a standard package when utilizing a collection agency. With Conrad Credit Corporation, the Client has access to a secure online portal where they are able to run reports and view the status of their accounts.