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Indications that its Time to Seek a Debt Collector’s Help

Many businesses hesitate to hire a collection agency, thinking that their debtor/patient will pay their bill sooner or later. The fact is that the more you wait, the chances of getting paid drop almost 10% each month.

Debt Recovery Chances

Indications that it’s time to seek help when you observe these situations or statements.

  • Abuse of your written policies and procedures.
  • Broken promises – “The check is in the mail”, but it never arrives.
  • Unable to reach by phone with typical responses (voicemail, in a meeting, consistent non-answered calls).
  • Disconnected phone number, the phone number has changed to unlisted, or they have blocked your number.
  • Missed payments, payments becoming smaller or less frequent.
  • Disputed balance, disputed the quality of service provided.
  • The patient says “You will get paid when I get paid”.
  • Admission of inability to pay.
  • A bounced check or no response.

Most non-paying debtors/patients have an inability to pay … or you are simply not their priority to pay.

Filed Under: Debt Recovery

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    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)