Monday, August 15, 2022

How Debt Collectors Can Save You Time and Money

Two business people shaking hands | Collection agency Michigan

If you’re a business owner, you might be concerned about the cost of hiring a debt collection agency, but you also need to count the cost of handling collections yourself. If your staff must take time away from your business to track down debtors, you’re losing money. Yet, many businesses will try to collect on their own first, before contacting a debt collection agency. They view an agency as an unnecessary expense, or a last resort, but by the time they call an agency they’ve already wasted more time and money than they could afford to lose. 

Learn how partnering with a collection agency in Michigan can save you time and money!

Partner with Ross, Stuart & Dawson – A Collection Agency in Michigan

The bottom line is you’ll most likely save time, money, and business relationships by partnering with a debt collection agency rather than trying to handle collections in-house. Collections are more successful and more efficient when handled by an expert agency. Partnering with a debt collection agency in Michigan means you get efficient, expert handling of a sensitive topic and more money in your accounts while your employees can continue to do their jobs without interruption. 

Contact RSD today to start collecting!

Monday, August 1, 2022

Why Partner with a Debt Collector?

Two men shaking hands | Collection agency Michigan

 At some point, every business will have to address an unpaid invoice. When resending the invoice or invoking a late fee doesn’t prompt payment, what do you do? What if the debtor has moved, or just doesn’t want to be found? If you’re not in the business of debt collection, you might not have the best tools or processes at your disposal to track down the payment.

Read more about partnering with a collection agency in Michigan!

Partner with Ross, Stuart & Dawson – A Collection Agency in Michigan

The bottom line is you’ll most likely save time, money, and business relationships by partnering with a debt collection agency rather than trying to handle collections in-house. Collections are more successful and more efficient when handled by an expert agency. Partnering with a debt collection agency in Michigan means you get efficient, expert handling of a sensitive topic and more money in your accounts while your employees can continue to do their jobs without interruption. 

Contact RSD today to start collecting!

Friday, July 15, 2022

RSD Can Help Locate Your Debtor

What do you do when a customer doesn’t pay?

What if your invoices come back marked “return to sender?”

A plotting web | Business debt collection Michigan

And where do you start if they’ve just disappeared? 

Business debt collection in Michigan can be frustrating and time-consuming. Whether your efforts have been “returned to sender” or the recipient simply hasn’t responded to your contact attempts, it’s possible they haven’t received your letters or calls. They may have moved without a forwarding address, or the person receiving the mail hasn’t passed it along to the intended recipient. Or they could wish to stay “lost.” 

RSD conducts full investigations – including skip tracing for those hard-to-locate debtors. Learn more about skip tracing!

We collect with kindness and empathy, pursuing your resolution aggressively but professionally. We believe that fair and firm gets results. 

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

Contact RSD for Business Debt Collection in Michigan

If you need help with business debt collection in Michigan, Contact Us on our website or call us at (888) 701-8181. Our expert debt collectors can answer your questions and help you decide your next steps. No fees unless you win!

Friday, July 1, 2022

What Is Skip Tracing?

Skip-tracing is the process of finding debtors who have disappeared – skipped town. It’s a series of steps designed to verify and correct client information before searching a variety of sources for new information that may help find that debtor. Some possible resources include:

A man searching through documents | Business debt collection Michigan

  1. Court records
  2. Credit reports
  3. Criminal background checks
  4. Job applications
  5. Loan applications
  6. Public records databases
  7. Utility bills

Learn about more resources for skip tracing.

When it comes to business debt collection in Michigan, Ross, Stuart & Dawson conducts full investigations – which often includes skip tracing. We make the process as smooth and fast as possible because we know the longer that debt sits unpaid, the less likely it is to ever get paid.

Contact RSD for Business Debt Collection in Michigan

If you need help with business debt collection in Michigan, Contact Us on our website or call us at (888) 701-8181. Our expert debt collectors can answer your questions and help you decide your next steps. No fees unless you win!

Tuesday, June 14, 2022

Improve Cash Flow by Receiving Prompt Payments

Does money leave your business quickly but come in slowly?

Does your cash flow have a negative effect on your accounts receivable?

A man checking graphs on a tablet | Collection agency Michigan

Cash flow is the total amount of money transferred into and out of a business. Here are two ways to improve your cash flow:

Offer Discounts for Early Payments – Offering an incentive can encourage customers to pay promptly. Payment terms like 2/10 net 30 allow the customer to receive a 2% discount if they pay within 10 days.

Partner with a Collection Agency – When a customer becomes a debtor, it can be helpful to have someone to turn to for help. Partnering with a collection agency can help quickly resolve the issue and show your customers the consequences of nonpayment.

Learn more about improving cash flow.

Partner with RSD, a Collection Agency in Michigan

Ross, Stuart and Dawson is a collection agency in Michigan that cares about your business’ success. RSD can assist you in multiple areas, such as commercial collection, portfolio liquidation, credit report investigation, and more.

When you partner with RSD, you can file claims quickly and securely through our online portal and receive up to the minute updates on your claim 24/7. To start collecting, fill out our contact form today!

Wednesday, June 1, 2022

How to Improve Cash Flow

How can you improve your business’ cash flow? Here are our tips:

Stagger Payment Terms – Preferably, you want to receive payments from your customers before you pay your suppliers. To do this, have the customer pay you in net 30 terms, while you pay your supplier in net 60 or 90 terms. 

Consider Milestone or Upfront Payments – T o make sure you have money coming in, you can ask the client to pay before the job is complete. Milestone payments can take place when the good/service you’re providing the customer has hit an agreed upon milestone – for example, when the job is half completed, the customer pays half the total payment.  You can also require a payment before you begin the project. This can help demonstrate how serious the customer is regarding payment.

A person looking at a computer | Collection agency Michigan

See more ways to improve cash flow.

Partner with RSD, a Collection Agency in Michigan

Ross, Stuart and Dawson is a collection agency in Michigan that cares about your business’ success. RSD can assist you in multiple areas, such as commercial collection, portfolio liquidation, credit report investigation, and more.

When you partner with RSD, you can file claims quickly and securely through our online portal and receive up to the minute updates on your claim 24/7. To start collecting, fill out our contact form today!

Friday, May 13, 2022

Ross, Stuart & Dawson Collects Commercial Debt

Are you a landlord or property owner looking to collect?

We understand how frustrating your situation is and your eagerness to collect, but make sure you’re contacting the right people. Ross, Stuart & Dawson collects only commercial debt.

Commercial debt is debt owed by a business or commercial venture to another business. If you’re a business who has provided goods or services to another business and haven’t been paid, you have a commercial debt.

Our commercial debt collection services have helped companies in manufacturing, transportation & warehousing, wholesale trade, commercial insurance, and more!

In the case of property management, if a commercial property manager rents out office space to a business and this business doesn’t pay, this is more likely to be a commercial debt. Otherwise, your debt is most likely a consumer debt and you need to contact a consumer debt collection agency.

Learn more about the difference between commercial and consumer debt.

Your Certified Commercial Debt Collector in Michigan

If you’re in need of a commercial debt collector in Michigan, we can help!

RSD is 1 of 26 debt collectors certified by the Commercial Law League of America (CLLA) and is endorsed by the International Association of Commercial Collectors (IACC). 

To stay in the loop, you can check on the progress of your claim through RSD’s online portal and receive up to the minute updates.

Place a claim for commercial debt collection today!