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Debt collection agencies

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  • 30-06-2003 10:49am
    #1
    Our man in Havana
    Closed Accounts Posts: 29,476 ✭✭✭✭


    I run a small business and I have a number of slow payers. I wanted to know how effective debt collection people are and what methods they use? Do most then pay up?


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    #2
    Sposs
    Registered Users Posts: 2,472 ✭✭✭Sposs


    Hey i use to work for one.

    Very useful, most have a 80 - 90 % success rate.

    Its usually done by simply bombarding them with phone calls,then telling them you can have someone call to there door for a cheque,then threading them with legal action aldo many never get that far.


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    #3
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    Don't forget to give due consideration on the impact this will have on your relationship with the customer, if you wish to deal with them again in future.


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    #4
    Sposs
    Registered Users Posts: 2,472 ✭✭✭Sposs


    well most places understand that you wont want to harm your relationship with your customers,so dont go out aggressively at first anyway.

    Most debt collectors also offered credit control services,where they actually look after the collecting of all that is owed to you from all your customers,within the thirty days that most companys offer.


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