BLOG« Go BackWhy should I pay for outstanding debt to be collected??
This is one of the common questions we get asked when speaking to clients. They are owed money, and they are not getting the money that is owed to them.
A knee-jerk reaction is often to call the nearest legal firm and demand they “get the guy”. Dealing with these issues in this manner will get you into big trouble.
This is the kind of specialised service that requires a large amount of resources, funds, persistence and most importantly PATIENCE. Don’t get caught up in the revenge game
. It is easy to grow frustrated and get upset, but that will not get you the results you need.
So the question is “why do I have to pay for their unpaid accounts”
The real answer is: YOU DON’T HAVE TO PAY A CENT!
ECCM has an option where you can recover your lost funds, at a far higher than normal returns percentage, and not have to pay the debtor’s collection service fees.
A REALISTIC LOOK AT THE POSSIBLE RETURNS:
Looking at this in a logical manner. There are simply those people who will not be paying anything to anyone anytime soon. These no-payers are often professional debt makers, and they have the skills and knowledge to outplay the best of lawyers. Partly because they know the law and use it in their favour, and partly because they disregard your need to run a business.
This is why we have brought in our Credit Checks services. It is a helpful tool at making sure you have the best possible knowledge about a potential debtor before going into business with them.
JUST BECAUSE YOU HAVE HIT ROCK BOTTOM, DOESN’T MEAN YOU HAVE TO STAY THERE.
Because our services don’t require any upfront payments, you don’t need to make space in an already struggling budget to collect the money that is owed to you.
Anything that is collected, is the only thing charged service fees for (which you can charge to the debtor)
The lack of cashflow in schools, small to medium business and other financial establishments, usually have a direct impact on the functions of the company and the salaries of the staff usually suffer, regardless of whether they are doing a splendid job or not. There is no money in, which means no money can go out.
This is a sad fact, when good, hard working people have to suffer for others’ poor decision making.
But there is no need to carry on worrying about this.
What we have devised, is a winning plan for all parties involved.
Effectivity and efficiency is helped along by our work flow system and our team in the office working towards achieving a common goal.
DON’T WASTE TIME AND MONEY ON LEGAL-IT USUALLY ENDS UP COSTING DOUBLE WITH LITTLE AND SLOW RETURNS.
CUT THE RISKS
AND GET ECCM TO CARRY THE BURDEN AND IMPROVE YOUR CASHFLOW.