What I'm getting at is that using a debt collection agency is an exceptionally nasty way to recover money. There are other avenues to explore, one of which was suggested by boredguy8 and another by tjic.
What I'm getting at is that using a debt collection agency is an exceptionally nasty way to recover money. There are other avenues to explore, one of which was suggested by boredguy8 and another by tjic.
Note also: a good corporate collections agency might know tricks you wouldn't think of to spur repayment. For instance, you can ding people's D&B reports with collections issues (who knew?), which can cause problems for some companies with their other B2B transactions.
Some unrelated case-in-point: I'll pay parking tickets in jurisdictions where they're handled by collections. I won't bother paying parking tickets elsewhere, even when they have hard-and-fast "3 tickets and then we boot you" rules. The collections agency is just a bigger headache than getting a boot off.
"The delinquency letter you send out to deadbeat clients that says you work with XXX debt collection agency to recover fees is likely to get a better response rate than the one that says you'll "pursue all options"."