The longer you wait...the less you collect!
Latest Industry Statistic
- Courtesy of Sanders and Douglas, Tucson Arizona
The results of the surveys clearly demonstrate the critical importance of taking positive action when an accounts receivable ages past its due date.
The chart graphically illustrates the critical importance of taking early action when an account receivable goes past due as, even after only three months, the probability of collection drops to 73.1%, and after six months to 50%. At one year past due, there is a 75% chance that the delinquent account will never be collected.
Latest Industry Statistic
- Courtesy of Sanders and Douglas, Tucson Arizona
The results of the surveys clearly demonstrate the critical importance of taking positive action when an accounts receivable ages past its due date.
The chart graphically illustrates the critical importance of taking early action when an account receivable goes past due as, even after only three months, the probability of collection drops to 73.1%, and after six months to 50%. At one year past due, there is a 75% chance that the delinquent account will never be collected.
Got customers who are turning into debtors and running over the hills with YOUR money? We recommend you take action today and use the services of Sanders and Douglas...
ASSET & LIABILITY INVESTIGATIONS
SANDERS & DOUGLAS realizes the financial status of a subject company is critical to the success of our collection effort. The ability to gather timely and useful information will enable us to recover your funds. The Asset & Liability Investigation accomplishes two-fold. First, the investigation provides a financial profile and the solvency of a debtors company. Second, it allows the client to determine the cost effectiveness of possible litigation prior to an initial suit. Determining the debtor company assets will assist our clients' legal counsel when judgments are sought.
PRIVATE INVESTIGATORS
SANDERS & DOUGLAS believes that placing someone at the debtors' place of business and informing the company of an ongoing investigation is the most powerful singular step in the direct collection process. The initial step builds the foundation of our involvement and the urgency that the debt be addressed. The strength of our involvement as a third party insures maximum motivation for the debt to be resolved.
AUDITING & ACCOUNT SERVICES
SANDERS & DOUGLAS provides collections that are geared specifically for client retention. With this unique approach we contact your slow paying customers as either your accounts receivable management company or as your accounting firm preparing for year-end audit. Our specially trained collectors determine if there is any problem with the product or service, a pricing issue, invoicing, etc. Debtors are asked to research the issue and provide us with a specific date to cut a check to clear the matter. We end the call with a specific date for payment or uncover the problem hindering pay.
CREDIT COUNSELING
At SANDERS & DOUGLAS, our goal is to provide our clients with all our resources and experience to maintain a long mutually beneficial relationship. Our understanding of the Fair Debt Collection Practices Act and its variations in a multitude of countries allows us to provide clients with a working knowledge of their rights as creditors. Credit Counseling, Credit Policies, Credit Reviews and Legal Aspects of Credit Collections reinforce our commitment to analyze and recover debt in the most efficient and cost effective manner.
ASSET & LIABILITY INVESTIGATIONS
SANDERS & DOUGLAS realizes the financial status of a subject company is critical to the success of our collection effort. The ability to gather timely and useful information will enable us to recover your funds. The Asset & Liability Investigation accomplishes two-fold. First, the investigation provides a financial profile and the solvency of a debtors company. Second, it allows the client to determine the cost effectiveness of possible litigation prior to an initial suit. Determining the debtor company assets will assist our clients' legal counsel when judgments are sought.
PRIVATE INVESTIGATORS
SANDERS & DOUGLAS believes that placing someone at the debtors' place of business and informing the company of an ongoing investigation is the most powerful singular step in the direct collection process. The initial step builds the foundation of our involvement and the urgency that the debt be addressed. The strength of our involvement as a third party insures maximum motivation for the debt to be resolved.
AUDITING & ACCOUNT SERVICES
SANDERS & DOUGLAS provides collections that are geared specifically for client retention. With this unique approach we contact your slow paying customers as either your accounts receivable management company or as your accounting firm preparing for year-end audit. Our specially trained collectors determine if there is any problem with the product or service, a pricing issue, invoicing, etc. Debtors are asked to research the issue and provide us with a specific date to cut a check to clear the matter. We end the call with a specific date for payment or uncover the problem hindering pay.
CREDIT COUNSELING
At SANDERS & DOUGLAS, our goal is to provide our clients with all our resources and experience to maintain a long mutually beneficial relationship. Our understanding of the Fair Debt Collection Practices Act and its variations in a multitude of countries allows us to provide clients with a working knowledge of their rights as creditors. Credit Counseling, Credit Policies, Credit Reviews and Legal Aspects of Credit Collections reinforce our commitment to analyze and recover debt in the most efficient and cost effective manner.
Sanders & Douglas
120 S. Houghton Rd Ste 138-257
120 S. Houghton Rd Ste 138-257
Tucson, Arizona USA 85748
Email: Collections@SandersDouglas.com
Phone: (520) 298-0861
- Tell them "Commercial Debt Collection Tips" sent you!
Email: Collections@SandersDouglas.com
Phone: (520) 298-0861
- Tell them "Commercial Debt Collection Tips" sent you!
1 comment:
Debt collection businesses generally work on a network system to ensure satisfactory service for the client. Debt collection businesses have to work according to the regulations of the Fair Debt Collection Practices Act.
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