Pest Control is a very competitive industry. The market is huge, but so are the number of pest control companies. Overdue accounts receivable can erode profits for which you have worked so hard. The staff of a pest control company is not well trained to recover money from unpaid bills. Constant followups with defaulters can be a very frustrating activity.
Hiring a collection agency for your accounts receivable will enable you to focus on your business, recover more from past-due accounts and also protect your firm against lawsuits that you may run into.
The staff of collection agencies are well trained to follow the debt collection laws like the “Fair Debt Collection Practices Act (FDCPA)”. They protect you and your staff from breaking laws while trying to recover your own money. Moreover, most Collection Agencies do a “Litigious Individual” check. That allows them to take a different approach when collecting from these high-risk defaulters who look for excuses to file a counter lawsuit.
While the exterminators concentrate on eliminating roaches and rodents, the collection agency will eradicate your headaches related to the past due accounts. Collection agencies follow a diplomatic approach for collections. Therefore it is your best chance to protect your brand image without annoying customers.
| Collection Letters Service |
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| Collection Calls Service |
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Low-cost Collection Demands from Collection agencies is the best-starting step towards recovering your money. Five letters are sent out in about 45 days, starting with softer verbiage in letter one to a firm (yet diplomatic) verbiage in letter five. It indicates the debtor that you are serious about recovering your pending bills. Unpaid bills can be further transferred for “Collection Calls” or the “Legal Suit” service.
Pest control services which do not want to put money for buying collection letter accounts should definitely go for no-upfront cost Collection Calls service; this service is purely contingency-based and delivers in good recovery rates.
Check this: Cost of hiring a collection agency
Involvement of a collection agency is a game changer while collecting money. The debtor knows that this matter can not only be reported to Credit Bureaus, damaging his credit history but more importantly, a collection agency will go great lengths to recover the money.
Contact us if you are looking for a collection agency with experience in your industry.
Image Source:
Senior Airman Austin Harvill -commons.wikimedia.org/wiki/File:
Pestering_pests,_Entomology_sprays_down_threats_150323-F-XD389-010.jpg