Debt Collection Procedure
Companies lose billions of dollars every year as a result of delinquent accounts. On most circumstances, a third party collection agency might be brought in to recuperate some of the lost sales and profits.
When a client, service provider or patient fails to pay or defaults on installments, the ability to collect your funds lowers drastically as time goes.
This is named 'Payable Depreciation Accounts.' Effective debt collection starts as quickly as possible.
It's never a matter of waiting more than 90 days to start the review process.
A collection agency will help reduce the annoyance of debt collection by seeking your debtors while focusing on your main business. The collection agency may be factual in the collection process, which mostly leads in quicker and greater collections. The collection agency usually begins by writing letters of request to debtor, almost always moves on to strong phone calls and may escalate to the judicial system if the circumstance so justifies.
Not all debt collection agencies operate in the same way. Each collection agency provides additional services at various rates.
Please use the free collection agency blog and debt collection law resources on this site to research and find the best collection agency for your business, practice or facility.
As a commercial collection agency we know we are measured by the results we provide, and that each time we do business, their entire reputation is at stake. At Intercol, we treat each client as if it was our only client. We know that our staff and our technology separates them from our competition. We are honored to have you as our client. Please take a moment and explore our website and see the difference for yourself.
Our mission is a simple one. To build a world-class company based on customer service. We realize that you are their greatest asset and deserve to be treated as such. We are dedicated to your success. Intercol provides financial and management solutions for accounts receivable managers on domestic and international debt recovery worldwide. We welcome the opportunity to earn your business. Please feel free to contact us if you have any questions or concerns.
Shaping the Future of Debt Collections
We are pleased to welcome you into the new millennium. With over a century of credit and collection industry experience, they have combined their old time values and work ethic with today's cutting edge technology. Intercol offers a full range of collection services to meet the specific needs of any credit grantors, they collect all types of debt but specialize in businesses and professional, medical organizations.
We will show you everything
Intercol has spent countless hours and untold financial recourses to develop an Internet collection software platform that suits all of your commercial collection agency activity and monitoring requirements. Our software client access feature provides you with the knowledge that you can audit or place accounts form any location that has the internet as your schedule allows.
All reporting features are at your finger tips, no more relying on a call back from someone for a status update when the boss wants to have a progress report on a large placement or even the entire portfolio.
Our Software offers the following functionality:
- On-Line placement appending directly to your client file.
- Real-Time claim status, projection, statements and remit reports
- Append notes directly to the Collectors screen that is handling your claim so that they can take immediate action on your point of concern.
- Search capabilities on existing collection claims
Document imaging means that you will never again be forced to send your back-up three or four times during the collection process which happens from time to time with other agencies.
Or state of the art technology means that your document s are scanned into their server as they are received, then attached to the corresponding debtor file so that your images will always be safe and secure.
We pride ourselves in showing you their work. At most collection agencies, you feel as if you have dropped your accounts into a big black hole. The difference is here for you to see.
Choosing the right collection agency for your company is an important decision. The agency and their representation of your company can often affect your bottom line.
Intercol, with over a 20 year's experience in this field offers the most diverse set of collection programs available and gives your leverage no other agency can.