Friday, January 13, 2023

Is a Write-Off Necessary?

Are debtors dodging your emails and phone calls?

A man looking at a computer | Debt Collector Michigan

You may be considering writing off their debt. Here are a few situations when a write-off may be necessary:

A Debt Collector Can’t Help – When you need payment, reach out to a debt collector in Michigan first! No matter the age of the debt, RSD is willing to help! We can use skip tracing techniques to find your debtor, contact them, and help negotiate until they pay. If they still haven’t paid after our efforts, it may be time to write-off the debt.

The Debtor is Bankrupt – After a company has filed for bankruptcy, they’ll be liquidating their assets to their creditors. If they owe their creditors more than they’re worth, you may end up with nothing or waiting longer than you can afford to receive anything.  

Learn more about write-offs on our website!

Debt Collector in Michigan

Avoid write-offs with the help of a debt collector in Michigan!

Certified by the Commercial Law League of America and endorsed by the International Association of Commercial Collectors, Ross, Stuart & Dawson has the know-how to get you the money you deserve.

Contact RSD today at 888-701-8181 or fill out our contact form to get started!

Monday, January 2, 2023

When to Write-Off Debt

Are you struggling with debtors?

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You may be considering writing off their debt. A write-off occurs when a business removes the charge from a non-paying customer and adds it to their liabilities.

Here are a few situations when a write-off may be necessary:

Your Debtor has Gone out of Business – As a commercial business, you likely bill your clients as their company name. Once this company doesn’t exist anymore, it can be hard to track someone down to receive payment. The chances of collecting from an out-of-business company are low.

The Debt is Too Old – In a past article, we described why the age of the debt matters. After 6 months, the recovery rate of a debt decreases to 52.1%. After 2 years, it has a 9.3% chance of being collected. If the debt is even older, you may want to consider a write-off.

Learn more situations that may require a write-off on our website!

Debt Collector in Michigan

Don’t let your debtor win! Avoid write-offs with the help of a debt collector in Michigan!

Certified by the Commercial Law League of America and endorsed by the International Association of Commercial Collectors, Ross, Stuart & Dawson has the know-how to get you the money you deserve.

Our kind, professional-approach is empathetic yet firm and manufactured for success! Contact RSD today at 888-701-8181 or fill out our contact form to get started!

Wednesday, December 14, 2022

The Importance of Monitoring Your Customers

Are you tentative about onboarding new customers?

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Are you afraid they may become debtors?

If you’re concerned about a customer’s ability to pay, it’s integral to monitor and set controls for them.

Put new customers on a watch list so you can detect a slowdown in payments. Be ready to turn off credit or pause your services until you receive payment. Setting up an effective billing system can help too. 

Have the customer fill out a credit application, keep track of all purchase orders, send invoices promptly, keep copies of documents, and send a statement of their account if they haven’t paid.

Learn more ways to prevent collection headaches!

Debt Collection Services in Michigan 

When you work with a debt collection service in Michigan you don’t need to worry about conditions affecting your client's payments. 

Contact us or call (248)370-8160 to eliminate the stress of collecting commercial debt!


Thursday, December 1, 2022

How to Set Yourself Up for a Successful Fiscal Year

Do you find it challenging to get new customers to pay on time? 

People around a table looking at graphs | Debt collection services Michigan

Are you struggling to maintain a consistent cash flow?

Being a successful business owner takes more than just making ends meet. Here are a few steps you can take to elevate your business: 

  • Partner with a debt collector 
  • Improve cash flow
  • Review new customers
  • Establish an effective billing system 
  • Educate yourself 

For a more in-depth look at these steps, visit our website!

Debt Collection Services in Michigan

Working with a debt collection service in Michigan can help your business have a consistent cash flow and a successful fiscal year.

Don’t risk losing any more money to debtors. Fill out our contact form or call us at (248)-370-8160 for debt collection services.

Monday, November 14, 2022

When to File a Claim

Are you considering using business debt collection services?

A stack of descending coins | Business debt collection Michigan

The best time to contact a debt collector is within 60-90 days of the invoice due date. This will help you get the maximum recovery!

Here’s how the age of a debt can affect the collection rate:

  • At Due Date: 94.9% collection rate
  • After 30 Days: 89.9%
  • 60 Days: 81.3%
  • 90 Days: 69.6%
  • 6 Months: 52.1%
  • 9 Months: 39.1%
  • 1 Year: 22.8%
  • 2 Years: 9.3%

Learn more about debt collectability.

Business Debt Collection in Michigan

As a business owner, you shouldn’t have to chase debts. Let us do it for you.

If you need help with business debt collection in Michigan, contact us or call us at (248) 370-8160. Our expert debt collectors can answer your questions and help you decide your next steps. There’s no fee unless we collect!

Tuesday, November 1, 2022

Why the Age of the Debt Matters

Have slow paying customers become debtors?

A person holding multiple hundred dollar bills | Business debt collection Michigan

As a creditor, you’re bound to experience nonpayment. Sometimes the busy nature of your industry may put collection efforts on hold, or maybe you tried collecting by yourself and got overwhelmed. Your frustrations are valid! Debt collectors are here to take the stress off you and help you collect what you’re owed! 

The age of the debt does play a role in your potential return – its age is directly proportionate to its collectability. The older the debt is, the harder it is to collect.

Learn the best time to contact a debt collector on our website!

Business Debt Collection in Michigan

As a business owner, you shouldn’t have to chase debts. Let us do it for you.

If you need help with business debt collection in Michigan, contact us or call us at (248) 370-8160. Our expert debt collectors can answer your questions and help you decide your next steps. There’s no fee unless we collect!

Friday, October 14, 2022

Let RSD Handle Your Legal Collections

Looking for collection attorneys, but don’t know where to start?

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Collection agencies like RSD can coordinate with collection law firms on their law list and do the hard work for you! 

RSD can provide:

Proven Results – RSD’s legal department handles thousands of files each year, so they develop professional relationships with the attorneys they use. These relationships can lead to great communication and teamwork that can help your claim progress faster. The volume of work provided by RSD also makes collections profitable for these law firms, so they can commit resources to their collection practices, including superior technology, personnel, a dedicated legal collections staff, and prioritized partner time.

Learn more advantages to using a collection agency!

Collection Agency in Michigan

Why not make use of the advantages of RSD and its network of law firms to collect your legal accounts receivables? 

Choose a collection agency in Michigan first!

Contact RSD today!