Knowing how to utilize a commercial collector can help business owners avoid costly missteps that can lead to enormous financial losses, IRS complications, and legal liability.
The fact is, no matter what you do, many debtors will avoid paying your company what they owe. All business owners are faced with this dilemma.
The debtor's issue, whether it was caused by personal financial problems, family hardships, unemployment, injury, lack of motivation to pay, no intention or desire to be fiscally responsible, the idea of getting something without paying for it, or whatever the cause of non-payment happens to be, is now your company's problem and you will suffer the financial consequences for it, unless each unpaid account is addressed with vigor, determination and persistence.
Read more here: How to Utilize a Commercial Collector