The Problem with Debt Collection
So you have an outstanding account and need to collect, there has long been a problem with traditional Debt collection.
To most creditors, the thought of using a Debt Collector conjures up a negative image and just doesn’t sit well!
Debt collection means passing your account to a collection agency which means losing control of how the collection is managed and usually means payment of costs or a percentage of your money being lost in commission.
There is also the debtor to consider, it may be that they have previously been a good customer and you would like that to continue. When you are in control of the process, you decide how and when to escalate the collection process using the tools and partners provided by Debt Shelf.