Ask Your Attorney About Debt CollectionWhen it comes to collection
of bad accounts, he will undoubtedly tell you, “turn them over to a reputable collection agency.”
To expect your attorney to act as a collection agency is to burden him with unprofitable work. And the ramifications
of each bad debt require time, special skills, as well as on-going training.
Furthermore...A reputable commercial
collection agency will:
...Collect your bad accounts on a contingency basis-no collection, no fee!
specialize in commercial collection work and have a proven record with references.
...Will acquire knowledge of your
business, your clients, your terms, etc., for his own effectiveness.
...Will be licensed and bonded with trust account
...Return capital to the business. (Note, if your
net profit is 6%, you must find in new business, more than 16 times the bad debt loss to replace it.)
or relieve salaried staff for other duties. (Outsourcing the collection function costs only upon results...and permits professional
collectors for better results.)
...One clear deductible cost (our contingent fee) instead of salaries and benefits
to house collection staff.
always works to the advantage of the debtor.
BCA's Collection Attorney Membership -
We have a vast network of experienced collection
attorneys covering every city in the United States. We call upon them to efficiently contact your debtor
in their backyard and, if necessary, recommend and handle litigation in the proper jurisdiction.