The Misunderstood Art of Business Debt Collection

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ANN ARBOR, Mich. - eTradeWire -- Account Adjustment Bureau has been in the business debt collection industry for nearly four decades. Over that time, they have come across various misconceptions about what effective business debt collection looks like from the creditor's perspective. Some of the misconceptions include;

"We only use attorneys."

"How much would you be willing to purchase this debt from me for?"

"We received a purchase order from this new customer, shipped their product, and now they're not paying. Can you help us?"

These are the most common inquiries when someone requires business debt collection. Fortunately, many of these common issues are avoidable. The need for business debt collection services can be mitigated by taking proactive steps. However, if you want answers to the typical scenarios above, you are definitely not alone.

Would it be helpful to your business if you could avoid these typical situations? Business debt collection is not 100% unavoidable - even if you accept cash. Mistakes will inevitably happen. Understanding how effective business debt collection works will give your firm the best chance for recovery. AAB is always looking for ways to improve our processes.

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So, you might be wondering what characteristics of a successful business debt collection are. Wouldn't it be great if you could minimize the need for our services? Imagine the relaxed confidence you and your finance team would have if you had the full knowledge of business debt collections. You could proactively take precautions to minimize your risk.

What Can AAB Do to Help Realize This Outcome?
Having to call a collection professional is like calling the fire department because your house is on fire. AAB can be "on the scene" very quickly - but your house is still on fire. Not a pleasant experience. At AAB, they are interested in developing their client's internal credit process (from prospecting new customers to the successful receipt of the payment for your work). They examine what you did well and what areas require improvement. Their first goal is for you to experience success in business debt collections.

Learn more here: https://www.accountadjustment.us/learnmore/misunderstood-art-of-business-debt-collection-michigan

Trusted Business Debt Collection in Michigan
If your firm is experiencing issues with business debt collection or other issues getting paid, call AAB at 1-866-448-3936. Don't call an expensive law firm - let AAB check the probability of success of your business debt collection issue first. Remember, they only get paid if you do.

Source: Account Adjustment Bureau
Filed Under: Accounting

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