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Is December the Best Time to Submit Accounts for Collections?

Although the best strategy to assign your accounts for collections is when they are 60-90 days past due, regardless of the time of year; however, December has several additional advantages.

This is because of 2 reasons.

1. Clients who use the flat fee service can claim the cost as a business expense in taxes.

2. Many debtors receive tax refunds in the next few months, and they will likely prioritize that money paying off their debt, especially if a collection agency is involved.

Nearly all collection agencies see better than average collection rates during the year’s first quarter.

Filed Under: Debt Recovery

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    Note: Nexa is an information portal that helps businesses and medical practices to find a good collection agency at no cost to them. We are not a collection agency. We do not perform any collection activity, nor take payments, nor do any credit reporting. Leads shared with shortlisted agencies with Low Contingency Fee and High Recovery rates.

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    Copyright: Nexa Collections | 2023
    All information on this website is for general information only and is not an experts advice. We do not own any responsibility for correctness or authenticity of the information, or any loss or injury resulting from it. Nexa is not a collection agency. Relevant inquiries are contacted by our shortlisted collection agency partner(s)
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