Debt Collection -Recovery in December – Not the Most Wonderful Time of the Year to Collect Money
December brings the holidays and with it small business owners not only having to pay their suppliers, but also have the added pressure of having to buy presents for their friends and families. Our debt collection law firm has noticed a trend that many of the companies who we make collection calls to attempt to recover our clients’ past due account receivable overwhelmingly have the same outcome – “We really do not have the money to pay this invoice and/or open account.” Our collection attorneys have noticed that cash flow for most small businesses is on the decline making it harder for our clients to secure timely payments on their account receivable.
Our collection attorney law firm believes that in most cases it takes a collection lawsuit to get the attention of your customer. Until a lawsuit is brought to collect on your company’s open account receivable, your customer may be out buying holiday presents for their friends and family, rather than paying your company on past due invoices. When it comes to collection money, our collection lawyers believe that time is not on your side. The more legal pressure that is put on your customer to pay past due invoices, the greater are the chances to recover the money due and owing to your company. A collection agency is not always the best option to collect money.
We Are Not a Collection Agency
When you call our debt collection law firm, you will be able to speak to our collection attorney to devise a debt collection strategy that best fits the needs of your company and takes into account the financial position of the customer who owes your company money. Collection agencies are not licensed to practice law. A collection agency can only make debt collection calls and send collection letters demanding payment.
Collection Agencies Are One Dimensional – Call Our Collection Attorney
Ask us how our attorney debt collection law firm differs from a commercial collection agency. Yes, collection agencies have a purpose, but when in December collecting money is not the most wonderful time of the year, let our debt collection lawyers guide you in establishing the best strategy to help your company move into the new year with a debt collection strategy that is right for your company. Let our collection law firm help you recover ore money in the months and years ahead.