Monday, August 1, 2022

Understanding Business Debt Collection

Business Debt Collection
Our firm has been in the business debt collection industry for nearly four decades. Over that time, we come across various misconceptions about what effective business debt collection looks like from the creditor's perspective. Some of the misconceptions include; 

"We only use attorneys."

 

"How much would you be willing to purchase this debt from me for?"

 

"We received a purchase order from this new customer, shipped their product, and now they're not paying. Can you help us?"

 

These are the most common inquiries when someone requires business debt collection. Fortunately, many of these common issues are avoidable. The need for business debt collection services can be mitigated by taking proactive steps. However, if you want answers to the typical scenarios above, you are definitely not alone.

 

Would it be helpful to your business if you could avoid these typical situations? Business debt collection is not 100% unavoidable-even if you accept cash. Mistakes will inevitably happen. Understanding how effective business debt collection works will give your firm the best chance for recovery. At AAB, we are always looking for ways to improve our processes.

 

So you might be wondering what characteristics of a successful business debt collection are. Wouldn't it be great if you could minimize the need for our services? Imagine the relaxed confidence you and your finance team would have if you had the full knowledge of business debt collections. You could proactively take precautions to minimize your risk.

 

What Can AAB Do to Help Realize This Outcome?

Having to call a collection professional is like calling the fire department because your house is on fire. AAB can be "on the scene" very quickly-but your house is still on fire. Not a pleasant experience. At AAB, we are interested in developing our client's internal credit process (from prospecting new customers to the successful receipt of the payment for your work). We examine what you did well and what areas require improvement. Our first goal is for you to experience success in business debt collections.

 

We Make Business Debt Collection Painless

Business debt collection doesn't have to be rocket science. We require your firm to sign a simple two-page agreement that authorizes us to work on your behalf. Once we have received your written consent and the transaction details along with customer details, we can start the business debt collection process on your behalf.

 

Trusted Business Debt Collection in Michigan

If your firm is experiencing issues with business debt collection or other issues getting paid, call us at 1-866-448-3936 or fill out our Contact Form. Don't call an expensive law firm - let AAB check the probability of success of your business debt collection issue first. Remember, we only get paid if you do.

Friday, July 15, 2022

The Balanced Scorecard Process

Credit Collection Services Michigan
At AAB, we have developed a time and market-tested recovery process. We follow our Balanced Scorecard process consistently, enabling us to quickly determine the probability of recovery for dollars outstanding, if litigation is a financially viable option, or if the file is dead and should be written off. Our process is designed to make decisions quickly, usually no more than 90 days from the date you engage our services.

Credit collection services in Michigan can be a highly emotional experience for some creditors, usually resulting in poor subjective decisions. Our process removes the emotion and provides objective feedback so you can make the best business decision. 

Engaging our firm for collection credit collection services in Michigan is very easy. We have a basic two-page agreement the creditor needs to sign. This document permits us to act on your behalf. Return the signed document and all backup supporting the debt to be collected, and we will get started immediately.

Trusted Credit Collection Services in Michigan

If you think you might need credit collections services in Michigan, we'd love to hear from you. Contact us here or give us a phone call at 734-448- 3936 to arrange a time to get your questions answered. We will be happy to address your concerns and help you decide if AAB’s services are right for your small business.

Friday, July 1, 2022

How We Help Small Businesses with Credit Collection

Credit Collection Services Michigan
We work with numerous small and medium-sized businesses for their credit collection services in Michigan. When business owners reach out to us, there are typically four questions they want answered to ensure that credit collection services in Michigan or beyond are right for them.

Some questions and concerns include:

“What is your fee?” 

“How do you do your work?”

“We've never used a credit collection service in Michigan before and are somewhat nervous about how you treat our customers.”

“What is your success rate?”

Almost universally, these are the top questions we get asked, so rest assured you're not alone. Small business owners work their butts off to get customers, and it pains them immensely when they have to engage a credit collection service provider. No one likes to lose a customer, but let's face it, the only good customer is a paying customer.

Would you find it comforting that our conversion rate from prospect to customer exceeds 95%? Once prospective customers contacted us with their questions and concerns, 95 out of 100 decide to use our credit collection services in Michigan. We've been providing these services for almost four decades, and we understand your fears and concerns.

Of course, the best outcome for all parties concerned is the successful recovery of the amount owed. Unfortunately, we can never guarantee our results as they are 100% dependent on the solvency of your customers. Credit collection debts become increasingly tricky if creditors wait too long. Other successful outcomes can be confirmation of a write-off or location of assets to satisfy legal action. Engaging a credit collection service provider early in the aging process is best for maximum success.

Trusted Credit Collection Services in Michigan

If you think you might need credit collections services in Michigan, we'd love to hear from you. Contact us here or give us a phone call at 734-448- 3936 to arrange a time to get your questions answered. We will be happy to address your concerns and help you decide if AAB’s services are right for your small business.

Sunday, May 15, 2022

Searching By Industry

When searching for a specific business, most people either seek the advice of a trusted colleague or friend. Some of us use an Internet search engine to check the location of the business closest to our geographic area.

Debt Collection Agency Near Me
A "debt collection agency near me" is a general search when you may require the services of a professional collection agency. Nowadays, the location of a collection agency isn't nearly as important as it once was. Today searching for "debt collection services near me" brings up an almost overwhelming number of choices, and it's highly probable the business you may initially consider isn't your best overall choice.

 

Instead of searching the phrase "debt collection agencies near me," we suggest searching your primary industry. For example, if you are in landlord, search the phrase "landlord debt collection agencies" or "construction debt collection agency" and let the search engine's algorithms automatically give you the results closest to your geographic location.

 

As mentioned earlier in this article, searching for "debt collection agencies near me" will likely produce many results. To find the right fit for your industry, we suggest consulting members of your industry association and talking with your trade suppliers to see who they use. Then reach out to the shortlisted candidates to see who is the most responsive and answers your questions.

 

And finally, after completing your contacts with the shortlisted candidates of industry "debt collection agencies near me," give more serious consideration to the number of stars the collection agency has managed to accumulate. Select the agency that seems to keep both its clients (the creditor) and the debtors happy. After all, wouldn't you rather have a former poor credit quality customer come to you wanting to pay cash rather than going to your competitors?

 

Debt Collection Agency Near Me

For the last 50 years, AAB has been helping creditors and debtors to resolve their outstanding accounts amicably. If your business needs collection agency services in Michigan, contact us today for a confidential conversation about your specific situation. We will either be able to assist you or make an introduction to one of our strategic partners.

Sunday, May 1, 2022

Online Reviews for Debt Collection Agencies

Debt Collection Agency Near Me
A "debt collection agency near me" is a general search, when you may require the services of a professional collection agency. Nowadays, the location of a collection agency isn't nearly as important as it once was. Today searching for "debt collection services near me" brings up an almost overwhelming number of choices, and it's highly probable the business you may initially consider isn't your best overall choice.

The other option is to narrow your Internet search by selecting "debt collection agencies near me" based on their reviews. Typically, the higher the number of stars, the better the company, correct? Again, this measure may not be the best way to select a debt collection agency near me.

 

The Internet reviews largely missed the mark when selecting a debt collection agency near me because of the nature of the collection industry.

 

The collection industry is a lightning rod for bad reviews.

 

When was the last time you enjoyed being on the receiving end of a debt collection call? Our guess is close to never. So, it only makes sense that consumers would be highly likely to leave negative reviews of a debt collection agency. Yet, the agency could be very effective at its work and produce the best results for your business.

 

At Account Adjustment Bureau, you will find mixed reviews, and we are very proud of our star rating. When you take a closer look, you will see great reviews from people we have collected from! At AAB, our staff tries very hard to recover your accounts receivable while maintaining your company's goodwill in the marketplace. As you will see, some of the hardworking people with whom we come into contact are thrilled that we help them find a way to tackle their debts.

 

Debt Collection Agency Near Me

For the last 50 years, AAB has been helping creditors and debtors to resolve their outstanding accounts amicably. If your business needs collection agency services in Michigan, contact us today for a confidential conversation about your specific situation. We will either be able to assist you or make an introduction to one of our strategic partners.

Thursday, April 21, 2022

FAQs For Landlords

At AAB, we have developed a market-tested system to provide landlords and property management firms with the best debt collection services. When a new landlord or management company comes to us after leaving their current vendor, they tend to have a few questions. Some of these include:

As a landlord, what if I don't have all the minimum documentation AAB requires? That will undoubtedly create problems very early in the engagement. After almost 50 years of experience as a collection agency, we know what it will take for a mutually satisfactory outcome for all parties. Documentation is key to a successful outcome. 


I have multiple properties. How can AAB keep the funds collected separated by property for me? Our solution is to create a different client number for each property you have. This way, funds recovered get allocated to the client number belonging to a specific property. Suppose you have ten properties, and AAB collects funds for each building within the remittance period. In that case, we create ten statements and ten Clients Trust checks. 


Best Collection Agency for Landlords

If your firm is looking for the best collection agency for landlords, look no further than Account Adjustment Bureau, Inc. Call our office at 1-866-448-3936 and speak with one of our knowledgeable team members. If you want to send us an email, our address is info@accountadjustment.us, or use the Free Quote button at the top of this page. 

We'd be happy to discuss your concerns and help you decide if AAB is the right debt collection agency for you.

Monday, April 11, 2022

The Best Collection Agency for Landlords

Best Collection Agency for Landlords Michigan
"Will you commingle funds from more than one building?" 

"Do you charge extra to report to the credit bureaus?"

 

"Does your firm deduct your fee from one building to pay for your services owed on another property?"

 

"Does your agency remit each month or wait until there is a larger amount before sending us our money?"

 

We recently had a property management firm in Georgia ask us these questions when they were shopping for the best collection agency for landlords. It is still commonplace that many collection vendors don't consider how their accounting practices negatively impact the customers for whom they work. If this is happening to you, you are not alone.

 

At Account Adjustment Bureau, we go to great lengths to separate funds collected. This segregation ensures that our landlord and property management clients can easily track the flow of funds for each property. Suppose you are an individual landlord managing a single property or a large national property management company managing thousands of doors. In that case, you understand the value of collecting as much rent and expenses as possible. Properties are working capital intensive, requiring constant maintenance and upkeep. Engaging the best collection agency to collect from past-due tenants makes good business sense.

 

Best Collection Agency for Landlords

If your firm is looking for the best collection agency for landlords, look no further than Account Adjustment Bureau, Inc. Call our office at 1-866-448-3936 and speak with one of our knowledgeable team members. If you want to send us an email, our address is info@accountadjustment.us, or use the Free Quote button at the top of this page.

 

We'd be happy to discuss your concerns and help you decide if AAB is the right debt collection agency for you.


Understanding Business Debt Collection

Our firm has been in the business debt collection industry for nearly four decades. Over that time, we come across various misconceptions ab...