Best Debt Collection Agency Practices That Bring Results
If you’re managing overdue accounts, partnering with a collection agency that takes the right approach and brings results is a smart business decision. For net-positive collection agencies, there’s a comprehensive list of practices they follow that bring results, including practical experience, respectful communication and data-driven systems that reduce pressure on cashflow while preserving the business […]
What Can I Learn from My Unpaid Accounts to Prevent Future Delinquency?
We know it’s frustrating when customers don’t pay their invoices – it’s a stressor that keeps a lot of business owners up at night – especially small businesses. It could be a handful of late payments or a pattern of accounts that are constantly going into collections, but whatever it is, unpaid bills can chip […]
Strategies and Techniques Used by Collection Agencies
Debt recovery poses a significant challenge for many businesses in Canada and affects their cash flow and overall financial health. Working with a collection agency that offers a strategic advantage, with specialized techniques that are designed to enhance the probability of recovering outstanding debts is a good business choice. With that said, this article dives […]
Why Opt In For a Collection Agency To Recover Monies
If you’ve ever wondered if you should start using a collection agency to recover money owed to your business, we explain why you should. When businesses face challenges in recovering outstanding debts, turning to a professional collection agency can be a strategic move that produces great results. Collection agencies specialize in debt recovery, employing systematic […]
How Skip Tracing Works in Collections
Skip tracing is an investigative technique predominantly used in the field of debt collection to locate individuals who have become untraceable or elusive in their whereabouts. This method of finding a debtor is critical in the collections industry, especially when debtors disappear without settling their accounts. In one of our last articles, we covered Why Opt […]
The Benefits of a Long-Term Partnership with a Collection Agency
There are numerous benefits to partnering with a collection agency to recover money. Partnering with a professional firm offers more than just improved cash flow. It introduces a strategic component to managing your accounts receivable that can transform the financial health of your business. In the economic world, the ability of a business to maintain […]
How to Check Your Credit Score and Fix Inaccuracies
Sometimes consumers want to check their credit score or clear up an item on their credit report. We would like to remind consumers of the importance regularly checking their credit bureau. A report with discrepancies can affect your credit score and hinder your ability to obtain credit. The credit bureaus listed below provide this service […]
The Importance of Credit and a Good Credit Score
When a collection agency — like NRC — calls you, although it may feel like pressure or an inconvenience, the end result is that you pay your debt and your credit starts to get better. These days people have become increasingly dependent on personal credit because it influences numerous aspects of everyday life. It’s needed from […]
I Have Received a Call or Letter From a Collection Agency
I’ve received a call/notice in error. It’s addressed to John Smith, but it’s not the right John Smith? We recommend that you contact our office to confirm the identity of the account that we have listed. Proving your date of birth and any other information as requested will often clear up any confusion. I’ve received […]
10 Questions Prior to Hiring Canadian Collection Agency
It is important to ask the right questions when trying to find a collection agency to partner with. Below is a list of questions to consider with selecting an agency. 1. Is the agency licensed and bonded? a. Yes. National Recovery Corp is a licensed and bonded agency. In addition, we also hold $2,000,000 in […]
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