Using a collection agency to recover unpaid debts can be a highly-effective and cost-efficient way to manage your company’s finances and avoid serious financial losses.  Knowing when to use a collection agency can aid the recovery effort and greatly improve the chances of successfully collecting unpaid or delinquent debts owed to your company.

If a debt is allowed to go unpaid and uncollected for 90 days or longer, the chance of being able to successfully recover the money owed can be greatly diminished, as the longer a debtor goes without any pressure to pay, the more they will start to feel as though they have gotten away with not paying for the product or service you provided.

Read more here: When Should You Use a Collection Agency?