Delaware
Collection Agencies
Abundant
Solutions, LLC
Business
Debt Arbitration/Negotiation
and Settlement
PO Box 807, Wilmington,
Delaware 19899
Brian
Petrone Judgment Enforcement
& Collection Agency
If
we can't find 'em, St.
Peter's got 'em.
4735 Ogletown Stanton
Rd, Newark, Delaware 19701
Byron
& Davis Collection
Agency
No
Collection...No Fee!
246 Philadelphia Pike,
Wilmington, Delaware 19809
Collection
Agency Transworld Systems
Collect
the money owed to you
for $13.99 or less per
invoice or bill
3505 Silverside Rd, Plaza
Centre Bldg, Suite 205,
Wilmington, DE 19810
Hospital
Billing & Collection
118 Lukens Dr, New Castle,
Delaware 19720
Simm
Associates Inc.
200 Biddle Ave, Newark,
Delaware 19702
Stabler
& Associates, Inc.
We
collect accounts that
are 30 days and older.
We have over 30 years
experience. Improve your
bottom line today.
4142 Ogletown-Stanton
Rd, PO Box 253, Newark,
DE 19713
Stephens
& James, Inc.
We
are the Commercial Collections
and Accounts Receivable
Specialists
97 Maplehurst Drive, Smryna,
Delaware 19977
Kent
County
Andrews
& Scott Inc
We
are a professional full
service commercial collection
agency. Your Partner In
Collections.
195 Captain Davis Dr,
Camden-Wyoming, Delaware
19934
Commercial
Recovery Group, Inc.
Commercial
Debt Recovery
1012 State College Rd,
Suite 203, Dover, Delaware
19904
James
Stevens & Daniels
Inc.
One
of the fastest growing
privately owned commercial
collection agencies...
1283 College Park Dr,
Dover, Delaware 19904
Sussex
County
Adams
and Winters, P.A.
--›
Quick Tips
We're
the Watchdogs for YOUR
Money!
30747 W. Lagoon Rd. Suite
A, Dagsboro, Delaware
19939
Bunting
& Associates
Bunting
& Associates "Your
Partner in Collections"
We are a professional
full service collection
agency.
7349 Marshall St, Lincoln,
Delaware 19960
Hamilton
& Monroe
We
are a full-service commercial
collections agency.
P.O. Box 798, Seaford,
DE
Collections
Advice from the Experts
You
find that one company (or
usually more!) are not paying
their bills. They have received
your products or services
but you have not been paid
for them!
Most
companies have a bookkeeper
or an in-house collection
person in their credit department
make telephone calls, send
invoices (repeatedly!),
send demanding letters,
etc. This takes a lot of
that person’s valuable
time. If a threat is made
and is not carried through,
all credibility is lost.
This time could have been
better spent contacting
the customers who do pay
instead of chasing the debtors
who will not pay. A “debtor”
is definitely not a “customer.”
There
are some basic danger signals
that can tell a firm when
the customer has crossed
the line and has become
a debtor. First, the money
owed does not arrive by
the due date. Then the debtor
ignores or refuses to accept
phone calls. The debtor
may make promises to pay,
but fails to keep them.
The debtor has agreed to
make partial payments until
the bill(s) is paid - but
doesn’t. Then the
debtor refuses all contact,
including certified/registered
letters. The company finds
that he is no longer buying
their products/services
but that their competitor
is calling them for a credit
reference on him. He’s
buying from a competitor
but using their money to
do so! Some debtors will
falsely and unjustly claim
that the products/services
were defective and therefore,
do not have to pay for them.
The debtor may also say
that he simply can’t
pay because his debtor hasn’t
paid him. This situation
is not your problem. If
all companies did that,
you’d soon be seeing
a bankruptcy attorney!
If the account is 120+ days
old, it is a problem account.
When these things happen,
time becomes your biggest
enemy. The more time that
passes, the more likely
it is that you will never
get your money. According
to the Commercial Collection
Agency Association, the
chance of recovering a delinquent
account is about 90% at
1 month but only about 52%
at 6 months. If the account
gets to 12 months, the chance
of recovery is only about
22% and at 24 months, it
drops to about 9%. Time
is of the essence!
Some
debtors have been good customers
in the past and you feel
that they may become so
again, in the future. Customers
are not all that easy to
come by in this economy.
But, how do you get your
money without offending
him so that he’ll
consider doing business
with you when he is back
on his feet financially?
This is a tricky situation.
Few people know how to handle
it. If your in-house collector
gets “nasty”
(in his opinion), he’s
gone forever. If you send
the account to an attorney,
several negative events
will occur. You’ll
have to pay the attorney,
whether or not he ever collects
any money for you, to have
him or his secretary send
the same basic letters that
you’ve already sent.
If necessary, the attorney
can sue and obtain a judgment.
However, how often have
you ever actually received
cash from a judgment? Of
course, by now, your debtor
is really offended and will
most certainly never do
business with you again.
Meanwhile, more money has
been wasted by paying the
attorney and more precious
time has been lost.
If
you don’t ever want
to do business with this
debtor, the hard tactics
taken by your people will
simply make him even more
determined not to pay. He
won’t take your measures
seriously. The bottom line
when dealing with a serious
debtor, is that you probably
will never recover the money
owed to your firm.
About
the Author: Marie
Winters Sr V.P., Adams and
Winters, P.A., 20 yrs experience
in collection and recruiting
field.
Adams
& Winters, P.A. is a
national and international
commercial debt recovery
agency. What makes our firm
a bit different is the fact
that we are usually able
to take a soft or audit-type
approach, which enables
us to salvage our clients’
customers, if they wish.
If not, we are able to use
many hard or aggressive
techniques. We pride ourselves
on our communication with
our clients. We provide
an alternative option to
using litigation and no
money is ever charged if
the debts are not collected.
Web
site: http://www.adamsandwinters.com
Contact: mwinters [at] adamsandwinters.com
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