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Top Four Benefits of Hiring A Collections Agency
From:
Elinor Stutz  --   Top One Percent Influencer and Sales Performance Guru Elinor Stutz -- Top One Percent Influencer and Sales Performance Guru
For Immediate Release:
Dateline: Washington, DC
Thursday, June 16, 2022

 

Photo by Geralt via Pixabay

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Top Four Benefits of Hiring A Collections Agency

Our collaborative blog offers the ‘Top four benefits of hiring a collections agency.’ While the topic may sound appropriate for large companies only, small businesses occasionally need collection help, too. Due to varying circumstances, the advice below is a worthwhile read.

If you’re a business owner trying to take good care of your customers, that’s excellent news. However, it can sometimes be too difficult to watch and help customers, primarily if you, specifically your business, are owed money. So, how do these work? 

Collections agencies are a type of debt collection agency that helps companies and individuals collect debts. The process is similar to how banks and landlords use a collection agency to obtain their outstanding debt. Other businesses can do this, too.

The collection agencies can help businesses recover money from their customers while assisting individuals in getting rid of their debts. While there is this idea that they’re intimidating, they don’t usually need to be (and aren’t). Instead, they try to talk with you and work out a deal to get you the money your customer owes you. Below you will find the many benefits when you hire a collection agency.

Goodwill Encourages Business Growth

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Benefit #1: A Collection Agency Can Help You Reduce the Risk of Non-Payment

A collection agency is not a debt collector who will only take your money and leave you with nothing. They are in this business for the long haul, so they’ll work with you to find a fair solution for both parties. A collection agency can help you reduce the risk of non-payment. They have a dedicated team that will work with you to resolve problematic situations and collect on your behalf.

Benefit #2: A Collection Agency Can Redirect Customers to Send Their Payment to a Company

Collection agencies have a wide range of benefits for both companies and consumers. Companies benefit because they can collect debts more quickly and efficiently than if they were to do it themselves. Consumers benefit because they can pay their old debts without paying any fees or interest. It is a business model that has been around for decades but is becoming more popular. People are now using it more often to avoid hefty fees and penalties. Even better, it can work out in favor of customers too.

Benefit #3: A Collection Agency Can Offer Debt Relief for Consumers as Well as Businesses

For a long time, Collection agencies were considered the enemy of debtors. Most notably, they were seen as the ones who would harass and threaten people to collect money. While they have a nasty reputation, the previous practices are now in the past. These days, consumers use collection agencies more often to get out of debt. 

The agency will work with a client to negotiate with creditors on their behalf and make sure that they get out of debt without any additional fees or penalties. Collection agencies offer an alternative to bankruptcy that is much less expensive than it would be otherwise and also less stressful than bankruptcy would be.

Benefit #4: Your Collections Agent Could Thwart Identity Theft by Reporting Suspicious Activity on Your Credit Report

With the increasing number of identity theft cases, it is more important than ever to be aware of your credit score. Knowing what is going on with your credit report and how you can protect yourself from identity theft is vital. If you have a collections agent who has access to your credit report, they can flag any suspicious activity that might have happened in the last six months. The system would then notify the collection agency so they can investigate further.

If your business uses a business credit card, then consideration of a similar plan can be a significant benefit for you and your business. Protecting yourself from identity theft can be challenging for businesses, especially small businesses. Unfortunately, the smaller companies are the most prominent targets out there. 

In Conclusion:

Being in business requires a diligent review of all processes, including monetary, debt, credit score, and hacking prevention. Protecting yourself and your business will help you grow and achieve your ultimate goal.

For More Insights:  Visit Elinor’s Amazon Author Page

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As the CEO of Smooth Sale, after her near-death experience, Stutz adapted the motto, 
“Believe, Become, Empower.
Nice Girls DO Get the Sale is an International Best-Selling and Evergreen Book – among the classics;
HIRED! Helped many to secure the job they desired. 

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Sales Tips: Top Four Benefits of Hiring A Collections Agency

  1. A company does best by avoiding heated arguments over debt to consider the benefits of hiring a collections agency instead.
  2. The excellent reputation of a business regarding all matters is essential for business growth.
  3. Research and conduct interviews before hiring a collections agency.
  4. During the interview process, determine the communications tactics and style to verify you are on board.
  5. Attempt one last time to encourage the client to pay before sending an agency out to help.
  6. Diligently monitor passwords, email, and credit card accounts for possible hacking.
  7. Consider using a password manager for frequently used accounts.
  8. Closely monitor all investments vs. your income.
  9. Ensure your credit score is at a reasonable level.
  10. Celebrate Success!

Today’s insights are provided to help you achieve the Smooth Sale!

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GetCiara  Make remote your unfair advantage.

Greg Jenkins Consulting LLC  – Helping organizations realize the value of diversity to build inclusive, evolving, high-performing cultures.

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Lotus Solution LLC Helps organizations create diversity and inclusion to ensure a fair and a just workplace through customized consulting, training, and keynote speeches.

SalesPop!   Purveyors of Prosperity; how to compete against yourself to excel in your career.

Simma Lieberman “The Inclusionist” helps develop inclusive leaders from the inside out to champion diversity and build equitable, inclusive cultures at every level.

Vengreso Provides easy-to-follow on-demand sales training for LinkedIn.

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Women’s Information Network (WIN) An education-and-event-based Global Community of Women Helping Women Worldwide Live Their Best Lives through Celebration, Self-Improvement, and Service.

 

Elinor Stutz, CEO of Smooth Sale, delivers inspirational keynotes at conferences and authored: The International Best-Selling Book, Nice Girls DO Get the Sale: Relationship Building That Gets Results.” In addition to being translated into four languages, it reached the remarkable and unique level of being hailed Evergreen. Stutz’ commitment to community service led to the writing of her second best-selling book, HIRED! How to Use Sales Techniques to Sell Yourself On Interviews.”

Kred proclaimed Stutz as a “Top 1% Influencer for Social Media,.  CEO World Magazine named Stutz as one of “The brightest sales minds to follow on Twitter”.  Bizzhum and NowISeeIt both named the Smooth Sale Blog as one of the “Top 100 Most Innovative Sales Bloggers.”  Stutz consults and speaks worldwide.

Connect with Stutz:

Twitter: @smoothsale  
LinkedIn: Elinor Stutz

Youtube:  Elinor Stutz

Elinor Stutz (she/her/hers)
International Bestselling Author, Top 1% Influencer, Inspirational Speaker
Smooth Sale 
https://smoothsale.net 
https://ElinorStutz.kred


 

 

News Media Interview Contact
Name: Elinor Stutz
Title: CEO, Speaker, Author
Group: Smooth Sale
Dateline: Ashburn, VA United States
Direct Phone: 408-209-0550
Main Phone: 408-209-0550
Cell Phone: 408-209-0550
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