Why Large Businesses Should Partner with a Collection Agency

Have late payments been affecting your business?

Late payments or nonpayment affects businesses of all sizes! If you extend credit to your customers, you’ll likely need collection help at some point. Partnering with a debt collector can help businesses large and small get the money they deserve and stay on track. 

If you own a large business, you may not have time to try to collect. You might write-off debt because it’s easier than dealing with elusive debtors and your business can’t afford to wait for payment.

Your stress will melt away when you send a delinquent account to your partnered debt collector, who can promptly and reliably collect on your behalf. 

Learn how RSD can help with international collection!

Debt Collection Agency Serving Kentwood

Businesses of all sizes may try to collect the debt themselves. Leave it to the professionals! A third-party collector can help the debtor understand how serious you are about collecting while upholding your positive relationship with them.

Need help collecting in Michigan? Searching for a collection agency serving Kentwood? 

RSD can collect from anywhere in Michigan! Contact RSD for commercial debt collection today!

Why Small Businesses Should Utilize Debt Collectors

Are you a small business owner?

Have you been wondering if a debt collector is necessary for a business of your size?

According to LendingTree, nearly 20% of small businesses will fail within the first year. After five years, around 50% of small businesses will close. One of the top reasons small businesses close is poor cash flow. RSD can help by acting against late payments immediately. The longer you wait to collect, the less money you’re expected to receive. A debt collector, especially a Commercial Law League of America (CLLA) certified debt collector like RSD can provide maximum dollar recovery!

Small businesses may also fail due to poor operation decisions. Small mistakes such as not requiring credit applications for customers, not keeping a paper trail on debtors, using unconventional payment terms, or having a less than seamless billing system can cause payment issues. To fully address these issues, you’ll need a robust credit risk management system, which RSD can help you design.

Learn how RSD can help larger businesses on our website!

Debt Collection Agency Serving Kentwood Area

Need help collecting in Michigan? Searching for a collection agency serving Kentwood? 

RSD can collect from anywhere in Michigan!  Contact RSD for commercial debt collection today!

Assessing Creditworthiness

How do you know if a potential customer is creditworthy?

Before working with a customer, examine the company’s:

• History – How long have they been in business? Do they have a good reputation in your industry?
• Future – Does their future seem strong? How does the future of their industry look? 
• Financial Health – Balance sheets and income statements can illuminate potential problems.
  

How can you discover this information before the company becomes a client? RSD can help you receive an Experian business credit report to see their financial health. For more information, RSD can work with several investigative resources to provide background checks, asset searches, bank account verifications, and many other kinds of investigative data.

Learn best credit risk management practices on our website!

Credit Collection Services in and Around Wyoming, MI

Credit collection services can include more than just debt collection!

RSD provides credit collection services near Wyoming, MI that include credit investigations, portfolio liquidation, credit policy creation, and can act as your legal liaison for litigation or settlements.

Contact RSD today to get started!

Best Credit Risk Management Practices

Do too many of your customers become debtors?

Are you tired of late payments?

Strengthening your credit risk management system can help. This system helps you sell on credit while maintaining cash flow, promoting financial health, and reducing late or non-payments.

Don’t Extend Credit without a Credit Application

Regardless of a customer’s size or reputation, don’t take a risk! A credit application can help determine creditworthiness while also compiling the company’s data that you may need if they decide to not pay. Include your credit and payment terms in the application to ensure the customer knows your expectations.

Partner with a Debt Collector

At the first sign of non-payment, file a claim with your partnered debt collector. The debt collection professionals at Ross, Stuart & Dawson can do the work for you, so you can relax and continue growing your company!

Learn more best practices on our website!

Credit Collection Services in and Around Wyoming, MI

Credit collection services can include more than just debt collection!

RSD provides credit collection services near Wyoming, MI that include credit investigations, portfolio liquidation, credit policy creation, and can act as your legal liaison for litigation or settlements.

Contact RSD today to get started!

The Advantages of Visiting Your Debtor in Person

Is it time to pay your debtor an in-person visit? 

Visiting your debtor in person has a few more advantages than just getting back the money you are owed. 

The Advantages of an On-Site Visit 

By meeting with your debtor in person, you are giving them a chance to explain their behavior. Giving your debtor the chance to explain their situation shows a level of understanding and respect in the relationship.

Visiting your debtor in person also allows you to assess whether there are valid disputes or other issues that are preventing on-time payment.

Learn more about making an on-site visit!

Debt Collection Agency Serving Muskegon 

As a business owner, you shouldn’t have to chase debts. 

RSD, a debt collection agency serving Muskegon, can help get you the money you’re owed.  Contact us at (248)370-0816 for expert debt collection services. 

When to Visit a Delinquent Customer

Have your debt collection calls gone unanswered? 

Have you tried reaching out to your debtor, only to be ignored? 

Paying your debtor an on-site visit has more advantages than just getting the money you’re owed. 

When to Visit Your Delinquent Customer

Is your debtor regularly behind on payments? Do they continue to promise change, with no action? 

As a creditor, you should visit your debtor shortly after a late or missed payment. Sending letters and making phone calls to the debtor can help, but those methods of communication are easy to ignore. If you’ve attempted to reach out to a debtor with no response, it may be time for an on-site visit. 

Learn more about the advantages of visiting your debtor in person.

Best Practice Guaranteed Working with a Collection Agency Serving Muskegon

Don’t have time to visit a debtor in person?

Working with a collection agency serving Muskegon can save you the time and effort. RSD has 45 years of experience collecting every type of debt imaginable, domestic and international included. 

Contact us at (248)370-8160.

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!