When to Write-Off Debt

Are you struggling with debtors?

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!

The Importance of Monitoring Your Customers

Are you tentative about onboarding new customers?

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!

What Makes a Great Debt Collector?

Considering using a debt collector in Michigan?

Consider the following qualifications and credentials when choosing a collection service. Check to see whether the agency…

• is a member of a national trade association. Membership is an indication of professional integrity.
• has a good reputation in the community with merchants, local/state business associations and other credit groups.
• has complied with the state’s statutory requirements as to bond or license or both.
• charges fees that are clearly stated and seldom subject to misinterpretation. Rates and fees are usually on a contingency basis-no collection, no charge. If the collection agency requests a written contract, the agency will welcome your having it reviewed by an attorney.

Learn more qualifications of great debt collectors!

Choose RSD: A Certified Debt Collector in Michigan

Don’t stress yourself out chasing after debtors!

Ross, Stuart & Dawson is a commercial debt collector in Michigan that can help you collect quickly and with kindness, keeping the relationship between you and your debtor.

RSD is considered a “certified agency” by the Commercial Law League of America (CLLA) and is endorsed by the International Association of Commercial Collectors (IACC), proving their adherence to debt collection standards and practices.

Contact RSD today to start collecting!

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!

Property Management Debt is Consumer Debt

Are you a landlord or property manager trying to collect?

Things have been hard for landlords since the eviction moratorium was put into effect on September 4th, 2020. This moratorium was put into place during the pandemic to stop landlords from evicting tenants who couldn’t pay rent due to lost wages. While rent payments were allowed to pile up for tenants, they weren’t forgiven, and those payments are still owed to you. The moratorium ended in August 2021, but the struggles haven’t ended. Since then, landlords have been trying to collect payments from current tenants and even those who have moved out. 

Your Debt is Likely Consumer 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.

Ross, Stuart & Dawson collects only commercial debt.

Read more about the difference between consumer and commercial 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 28 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!

How to Protect your Cash Flow Until the Supply Chain Steadies

Are you a manufacturer?

Are your products taking longer to reach your customers?

Current supply chain issues could impact your production style and cash flow. If you use a “just-in-time” manufacturing style, you make your profit by selling, producing, and shipping your products in the shortest amount of time possible with little room for inventory. To respond to the supply chain disruptions and change in supply and demand, you might have started producing more products than necessary, leading to more inventory. This excess inventory can impact your production and is an additional cost you need to factor into your operations.

Learn more about cash flow and the supply chain.

RSD Can Help You Collect and Strengthen Your Risk Management System

Has your customer become a debtor?

If you’re having trouble being paid, a knowledgeable and professional debt collector in Michigan can help! 

Ross, Stuart & Dawson can make contact with your debtor and remind them of their promise of payment. Angry people don’t write checks, which is why RSD uses a kind approach to collection.

These supply chain hiccups are predicted to continue throughout 2022, so you may want to strengthen your credit risk management system. RSD can work with you to find gaps and weaknesses in your system and provide solutions.

Contact RSD today for debt collection in Michigan!

How is the Supply Chain Affecting Selling on Credit?

Have you been experiencing supply chain disruptions?

Are they affecting your production?

If you’re a manufacturer, you’ve likely noticed the backups in the supply chain. According to an article from Fast Company, a typical shipping container now spends 20% longer in transit than before the pandemic. From port disruptions to trucking challenges, getting your products to your customer can be difficult and can have ramifications when selling on credit.

Your customer typically doesn’t have to pay until they receive your products. Here are some situations that could affect your payment:

• If they receive the products later than expected, your cash flow could be impacted. 
• If your contracts detail a time period in which the customer will receive the products and that time period is missed, the customer could argue that it’s a breach of your contract and could stall their payment. 

Learn how the supply chain can affect cash flow.

RSD Can Help You Collect and Strengthen Your Risk Management System

Has your customer become a debtor?

If you’re having trouble being paid, a knowledgeable and professional debt collector in Michigan can help! 

Ross, Stuart & Dawson can make contact with your debtor and remind them of their promise of payment. Angry people don’t write checks, which is why RSD uses a kind approach to collection.

These supply chain hiccups are predicted to continue throughout 2022, so you may want to strengthen your credit risk management system. RSD can work with you to find gaps and weaknesses in your system and provide solutions.

Contact RSD today for debt collection in Michigan!

Insurance Industries We Serve

Are your policyholders not making payments on time?

Are you in need of a debt collector?

Our experience in insurance collection focuses the following areas:

• General Liability
• Property
• Business Interruption
• Professional Liability
• Workers' Compensation
• Data Breach or Cyber Insurance
• Commercial Auto

These areas all require unique knowledge and expertise, which our certified collection professionals have. When you hire a collection agency like Ross, Stuart & Dawson, we’ll implement a strategy that works best for your unique case. What’s most important to you is also important to us! Every one of our cases gets dedicated, personal attention, whether your claim is big or small.

Read more about commercial insurance collection on our website!

Get Paid from a Debt Collector in Michigan

As a carrier, agent, or broker, you should be spending your time doing what you do best: keeping businesses secure! Let RSD, the debt collector in Michigan, worry about your collections. Contact RSD today at (248) 370-8160 to get started.

Insurance Collections with RSD

Are you an insurance company struggling with nonpayment?

Are you looking for a debt collector in Michigan?

The professionals at Ross, Stuart & Dawson have years of experience in commercial insurance collections. We understand that insurance collections can be complicated, and we want to help settle your past due accounts. Our strategies emphasize professional and respectful debt collections, ensuring that you receive the money you’re owed in a practical manner. We specialize in settling claims with efficiency and skill and understand what needs to be done to serve our clients most effectively.

Learn more about commercial insurance debt collection.

Get Paid from a Debt Collector in Michigan

As a carrier, agent, or broker, you should be spending your time doing what you do best: keeping businesses secure! Let the experts at RSD worry about your collections. Contact RSD today at (248) 370-8160 to get started.