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Don’t Wait Until You Have a Problem to Hire a Debt Collection Agency

A collection agency like Business Professional Collection Services, Inc., has one focus—maximizing your return on late accounts in the most expedient and compliant manner possible. Sending someone to collections will almost always be more effective than your endless phone calls, automated email reminders, and invoices. But while the question of timing is often a concern for businesses, here’s why you want to have an agency in place before you have a problem, plus our tips for finding one you can trust.

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4 Advantages of Professional Debt Collection for Your Small Business

Small business owners often wear many hats, and they’re used to taking on various tasks to keep their business running. That may include chasing down customers who owe the business money. But partnering with an experienced debt collection agency can be a savvy decision for a number of reasons. Here are threefour advantages of professional debt collection for your small business.

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Three Signs An Account Should be Turned Over to Collections

It’s not always easy for a business to know the right time to send an account to collections. But certain patterns can serve as indications that a past-due account likely will be not be resolved without outside help, and that can make it easier to decide when enough is enough. Here are three signs an account should be turned over to collections.

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Overdue bills

Three Tips for Writing Effective Request-for-Payment Letters to Late Customers

Asking for money can be uncomfortable, and that’s true even when it’s owed to your business for services rendered. But formal communication from your business to a customer who hasn’t paid is important, and so is understanding how best to approach that communication. Here are three tips for writing effective request-for-payment letters to your late customers.

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Overdue bills

How Should My Office Take Someone to Collections?

If your business or office has decided it’s time to work with a collection agency, and it’s not something you’ve done before, you’re likely wondering about next steps. How should your office actually take someone to collections?

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Overdue bills

4 Best Practices for Streamlining Payments on Overdue Accounts

Businesses dealing with overdue accounts often debate the best way to collect those unpaid debts. There are different approaches that work in different scenarios, but it’s a good idea to begin with a few key practices. Here are four best practices businesses can use to streamline payments on overdue accounts.

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What Does Compliance Mean for a Collection Agency?

Like just about every industry, the world of debt collection has rules and regulations that must be followed. Compliance is a sign of a collection agency’s professionalism and commitment to behaving in a responsible and ethical manner. It safeguards both the agency itself and the clients it represents. Here’s what compliance means for a collection agency like Business Professional Collection Services here in northern Nevada.

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Overdue bill

When is it the Right Time to Use a Debt Collection Agency?

Unfortunately, there’s no one-size-fits-all answer about the right time for a business to use use a debt collection agency. From industry to industry and business to business, even from one account to the next, it all varies. Still, if you’re looking for general guidance, Business Professional Collection Services, Inc., here in Nevada, has a few suggestions about the right time to use a debt collection agency.

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Why Google Reviews May Give a False Impression about Collection Agencies

It’s standard for people and businesses to research companies they’re considering by checking Google reviews. According to Inc.com, a full 84% of people trust online reviews as much as they do recommendations from their own friends. That’s great for hair salons, restaurants, and the orthodontist, but the debt collection industry doesn’t benefit in the same way — and it’s not really the fault of the collectors. Here’s why Google reviews often give a false impression about collection agencies.

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What Every Business Should Understand about Cash Flow

Large businesses and small rely on cash flow, no matter the industry. It’s truly the backbone of a business. Without it, a business runs into a number of problems, often faster than they can believe. Ensuring healthy cash flow for your business means maintaining an accounts receivable department that runs smoothly. Business & Professional Collection Services here in Reno works with many businesses who turn to debt collection when this department is having issues. Here’s what every business should understand about cash flow.

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Overdue bills

Six Reasons to Hire a Debt Collection Agency

Dealing with overdue accounts and customers or patients who are slow to pay may be common for many businesses, but that doesn’t mean it doesn’t have a huge negative impact. In fact, for many businesses, realizing the role overdue accounts have on their cash flow issues is the motivation to work with a professional. But there are other reasons to consider this approach. Here are six reasons to hire a debt collection agency.

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The Difference Between First and Third-Party Debt Collection

You may be generally familiar with the idea of debt collection, but it’s not until you need the services of a debt collection agency that you become really knowledgeable. Here’s what to understand about debt collection, including the difference between first and third-party debt collection.

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Professional Collection Services in Northern Nevada

For many companies in Reno and Sparks, partnering with a collection agency becomes an inevitable part of doing business. The challenge comes in finding the right agency. If you’re looking for professional collections services in northern Nevada, here’s why you should consider Business & Professional Collection Service, Inc.

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Benefits of Skip Tracing

A reputable collection agency has a number of tools, technology and tactics to collect unpaid debt. Skip tracing is one of them. This process involves finding someone who has “skipped,” or left town, without paying for goods or services rendered. Here’s what to understand about skip tracing, including its two biggest benefits.

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Late bills

Three Patient Collection Barriers Medical Practices Need to Understand

A professional debt collection agency can offer its clients so much more than a maximized return on outstanding debt. While that’s a motivating reason, so is the insight that an experienced, reputable agency can offer. With half a century of experience, Business and Professional Collection Service here in Reno, Nevada, has worked with countless businesses on collection strategies. In working closely with these clients, opportunities for internal and external billing modifications tend to become readily apparent. For medical practices in particular, here are three patient collection barriers to understand so your practice can better help patients navigate their bills.

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3 Reasons Small Businesses Benefit from Professional Debt Collection

Many people are familiar with debt collection agencies, particularly for big businesses like government entities, financial institutions, and healthcare companies. But even small businesses can struggle with customers who won’t pay, and an experienced, reputable collection agency has the tools and training to help businesses of all sizes. Here are three reasons small businesses benefit from professional debt collection.

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Four Reasons to Consider Turning Over Debt to a Collection Agency

Any business dealing with customers who won’t pay their bills eventually faces the same dilemma — do they continue with rounds of phone calls and emails and letters in the hopes of enticing a customer to pay what they owe, or do they turn over the unpaid debt to a collection agency? Keep in mind — a collection agency is in the business of recovering outstanding debt. They have the training, technology, and expertise to maximize a return because that’s what they do. If you’re facing this very dilemma, here are four reasons to consider turning over debt to a collection agency.

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What Your Business Really Loses When Customers Don’t Pay

Dealing with customers who don’t pay is a reality for many businesses. And while a customer’s reason for not paying will vary, it amounts to the same for your company. Here’s what your business really loses when customers don’t pay.

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Pros and Cons of Hiring a Professional Collection Agency

Running a business means managing multiple moving parts. But what happens when a customer won’t pay for a product or service? It’s a drain on a company’s resources and time, and turning over unpaid debt to a collection agency should be a consideration. Having all of the information is an important first step. To help, Business and Professional Collection Service is sharing the pros and cons of hiring a collection agency.

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3 Things a Business Should Do If a Customer Won’t Pay

Dealing with a customer who can’t or won’t pay your business for its products or services is an unfortunate experience. And depending on the size of your business and its cash flow, it can present big issues. If you’re debating your options here in Nevada, Business and Professional Collection Services can help. But first, here are three things a business should do if a customer won’t pay.

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When Should a Business Hire a Collection Agency?

For a business, making the decision to hire a collection agency can be difficult. But when you’re dealing with a customer who flat-out refuses to pay or one you simply can’t pin down, the most efficient way to collect that outstanding debt often involves bringing in a professional. And that begs the question — when should a business hire a collection agency? Business and Professional Collection Service shares these tips to help you decide.

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3 Tips for Finding a Reputable Collection Agency

The role of a collection agency is to help your business collect unpaid debt. It’s an unfortunate fact that many businesses are stuck with outstanding debt, and bringing in a collection agency is often the only way to recoup that money. But collection agencies are not all equal, and it’s important to work with a firm that can bring experience and expertise to the table. Business and Professional Collection Service here in Reno shares these three tips for finding a reputable collection agency.

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