How to Begin the Debt Collection Process

Need help collecting commercial debt, but not sure where to start?

Don’t worry, it’s not too difficult! Here’s a quick rundown of how to start working with a commercial debt collection agency, as well as the benefits of working with one:

How to Start

1. Compile all relevant documentation (contracts, invoices, correspondence, proof of delivery)
2. Contact your chosen commercial collection agency
3. Sign an engagement agreement or contract
4. Place your claims (via portal, upload interface, or secure method)
5. Monitor progress via their reporting system
6. Receive remittance once claims are successfully resolved

Advantages of Hiring a Commercial Debt Collection Agency

• Higher recovery rates than in-house efforts
• Saves your time and resources so your team can focus on core operations
• Preserves business relationships
• Legal escalation and enforcement
• Better reporting and collection intelligence

Learn more in our latest article.

Looking for a Commercial Collection Agency? Look No Further!

You can count on the collection experts at RSD to follow through on all the steps of the collection process! If you'd like to talk about how we can help you and your business, feel free to contact us or submit a claim today.