RSD is here to walk you through it!
The debt collection process typically follows a structured approach, progressing from friendly reminders to more formal actions:
- Initial Reminder. The process begins with a courteous reminder via phone, email, or letter shortly after a payment becomes overdue. The goal is to prompt the customer to pay without damaging the relationship.
- Follow-Up Communications. If the debtor does not respond, follow up with additional emails, calls, and letters, emphasizing the urgency of resolving the outstanding balance. At this stage, reinforcing the importance of payment deadlines can be effective.
- Final Notice. A more formal notification is sent, warning the debtor of potential consequences such as late fees, interest accrual, or escalation to external collection agencies.
- Formal Collections. If the debt remains unpaid, you may need to escalate the matter through legal demand letters, debt collection agencies, or litigation as a last resort.
Take the Pressure Off with Commercial Debt Collection
When it’s time to call in a third-party collector, RSD has you covered. When you work with our commercial debt collection experts, you’ll get the money you’re owed within 90 days. To get started, call (248) 370-8160 or submit a contact form. If you’re ready to submit a claim, you can skip straight to our claim form.