You are not alone, there is a common misconception that a local collection agency will be able to provide a better service or magically recover more money on your accounts receivable, verses the one located on the other coast of the country.
FACT: You will never visit a Collection Agency’s office to submit accounts, instead you will submit accounts on their website right from your home or office.
Similarly, a local Debt Collector will not go to your debtor’s house to collect money. Then why restrict yourself to hire a Collections Agency near your office?
Go for a better collection agency, not the one closest to you. All that matters is whether or not a Debt Collection Agency is licenced to collect in your state or not. 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 city, verses from New York or San Francisco. Only the 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.
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.