How working with agencies in the accounts receivable management industry helps companies maintain relationships with clients and consumers.
4/21/2020 9:00
Debt collectors are taking extra care right now to work with their creditor clients and consumers to manage accounts and payments and understand challenges they may be experiencing related to COVID-19. ACA International’s members are here to help, and many have hardship programs in place as well as knowledge of resources on how to keep up with payments on a manageable level or delay payments temporarily if needed.
These are just some of the reasons it is helpful to communicate and work with collection agencies should you find yourself with a debt payment to manage.
In a recent article titled “Hiring a Debt Collection Agency is now Becoming a Common Practice for Every Organization” California Herald Founder Simon Hatfield reports on more benefits to working with debt collection agencies and how working with agencies that are small businesses can be mutually beneficial to companies and the economy.
“Debt collection agencies work on the basis of the needs of every business and they offer flexible solutions to organizations on a large scale. They have expert agents to complete the recovery work successfully in a limited time. Whereas it is not possible for business owners to execute this task effectively. The medical sector has been enjoying a huge demand for a debt collection agency,” Hatfield reports.
Remember, ACA and its members are here to help, and ACA has been focusing its advocacy efforts, especially in recent months, on ensuring regulators, legislators and consumers know this is our mission.
Hatfield also stresses that agencies can facilitate the recovery process knowing the legal rights for creditors and consumers alike.
Read his complete article here.