RSD Can Help Equipment Leasing Companies

 Your company provides benefits that customers can’t get by purchasing. These include:

• Save money – The cost of equipment is high and could destroy a customer’s balance sheet. Renting is more manageable and doesn’t require a loan. 
• Ability to upgrade – Rather than buy items that may become obsolete, your customers can upgrade to the next best equipment when it comes out. 
• Provide specialty equipment – Customers can find the perfect piece of equipment for their project, whether it be excavators, commercial vehicles, generators, or more!  

Learn more benefits on our website!

With all these benefits, you deserve to be paid on time!  

If your customer is dodging your emails and phone calls, it’s time to contact a debt collection agency serving Grand Rapids.

Debt Collection Agency Serving Grand Rapids

RSD can help you get the money you’re owed, as well as additional payment for damaged or missing equipment. 

Certified by the Commercial Law League of America (CLLA), RSD provides reputable collection practices and maximum dollar recovery!

Get the money you deserve! Contact RSD today!

Equipment Leasing Debt Collection

Are you an equipment leasing company struggling with debtors?

Equipment leasing is a necessity for many American companies and spans multiple industries such as agriculture, construction, landscaping, trucking, and more. Your company is certainly important, considering equipment rental revenue has been increasing since 2020, and is projected to reach $65.2 billion this year! 

Learn more about equipment leasing debt on our website!

If your customer is dodging your emails and phone calls, it’s time to contact a debt collection agency serving Grand Rapids.

Debt Collection Agency Serving Grand Rapids

RSD can help you get the money you’re owed, as well as additional payment for damaged or missing equipment. 

Worried collection will ruin your relationship with your debtor?

RSD uses a kind approach to collection that is fair but firm, meaning you’ll see results and maintain the relationship!

Get the money you deserve! Contact RSD today!

Is a Write-Off Necessary?

Are debtors dodging your emails and phone calls?

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!

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!

How to Set Yourself Up for a Successful Fiscal Year

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

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.

When to File a Claim

Are you considering using business debt collection services?

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!