You are not alone, there is a common misconception that a local collection agency will be more effective, provide a better service or somehow recover more money from your debtors, verses the one located on the other coast of the country. Not True.
FACT: Location of a Collection Agency does not matter.
Hiring a collection agency is very different from hiring a plumber, cleaner or mover.
- You will never visit a Collection Agency’s office to submit accounts, instead you will submit accounts on their secure website right from your home or office.
- Similarly, a local Debt Collector will never personally go to your debtor’s house to collect money. Then why restrict yourself to hire a Collections Agency near your office?
- Have you ever cared to check if your own bills like utility or insurance bill were generated locally or from a different city. You don’t. Similarly debtors don’t care if demands to make payment originate from a local agency or from an agency located elsewhere.
Genuine Advice: Stop searching for a “Collection Agency Near Me“.
THUMB RULE: Go for a better collection agency, not the one closest to you.
Contact us and we will connect you to a good Collection Agency which has experience in you industry, higher recovery rates and fully licensed to collect money in your state.
If a collection agency covers all 50 states, its ideal. It really does not matter if a Collection Call or a Collection Letter to your debtor originates from your own city, verses from New York or San Francisco. Only the legal compliance, recovery rate and cost-effectiveness of those services matter.
How to select a Collections Agency for your Small Business?
Therefore, if you are searching for a “Collection Agency near me” then you may be making a mistake. You are not alone, in-fact many small businesses have this natural tendency. All that matters is whether or not a Debt Collection Agency is licenced to collect in your state or not.
Only time a local presence matters is when the accounts gets transferred for legal collections, because a legal suit against the debtor will be filed in the local court, depending on your jurisdiction or county. But, the good news is that almost all good Collection Agencies have a nationwide network of attorneys and their fee is usually the same if you were to go through a Collection Agency or approach them directly. In fact, since Collection Agencies regularly transfer their accounts to local lawyers near you, they are likely to act more seriously when a Collection Agency is involved because it impacts their future business as well.
Hope this article was helpful, regardless you are located in New Jersey or California 😊.
If you need a good Collection Agency, contact us, we can refer you to a few good ones based on our knowledge and experience at no cost to you.