Frequently Asked Questions

Debt collection agencies have the experience, expertise, and resources to effectively recover past due debts. They use proven strategies and techniques to locate debtors, negotiate payment plans or settlements, and, if necessary, take legal action to recover the money owed. Other benefits include: time and resource savings, cost-effectiveness, increased cash flow, and protection of business reputation

Debt collection involves pursuing payments that are past due from individuals or businesses that owe money. A debt collection agency works to recover these unpaid debts on behalf of the original creditor. This can involve contacting debtors, negotiating payment plans or settlements, and taking legal action if necessary.

We understand that your business’s reputation is important to you, which is why we handle all debt collection efforts with the utmost professionalism and care. We follow strict ethical and legal guidelines and prioritize communication with debtors in a respectful and effective manner.

Our fees for debt collection services vary depending on the type of debt and the complexity of the case. We offer competitive rates and always strive to provide our clients with the best value for their investment. Contact us today for a customized quote for your business’s debt collection needs.

In some cases, debtors may be unable to pay their debt in full. In these situations, we work with the debtor to negotiate a payment plan or settlement that is feasible for both parties. Our goal is always to recover as much of the unpaid debt as possible while also preserving relationships between our clients and their customers.

You should consider turning over an account to a collection agency when the debt becomes past due and you have exhausted all other efforts to collect the debt. This may include sending multiple reminders, making phone calls, and sending demand letters. If these efforts have not been successful in recovering the debt, it may be time to turn the account over to a professional collection agency.

It is important to note that the longer you wait to turn over an account to a collection agency, the more difficult it may be to recover the debt. Debt collection agencies have greater success in recovering debts that are turned over to them sooner rather than later.

Ultimately, the decision to turn over an account to a collection agency should be based on a careful assessment of the situation and a consideration of the costs and benefits of pursuing debt collection efforts on your own versus using the services of a professional collection agency.

With over 20 years of professional experience in revenue and credit risk management, Steward Global Management is committed to helping you solve your accounts receivable issues to improve the cash flow of your business.