Saturday, October 15, 2022

Common Questions About Landlord Collections

Best Collection Agency for Landlords Indiana
Does the collection agency report my past-due tenants to the credit bureaus? Unlike a collection attorney, a reputable debt collection agency should report your debts to Equifax, Experian, and TransUnion. If you retain a collection attorney directly, they are qualified to do the work but do not report to the credit bureaus. If your tenant moves out of state for work, the chances that your local collection attorney will be successful are meager. 

Will the collection agency attempt to collect my claims before recommending the lawsuit? The short answer at AAB is 100% yes. We would much rather collect the outstanding debt voluntarily from your former tenant. It's faster, less costly to you and the tenant, and helps the tenant re-establish their credit faster.

 

My bad tenants never leave a forwarding address. How does the collection agency find them? At AAB, we subscribe to many information databases and credit bureaus. If your tenant seeks credit elsewhere in the country, they will pop up. If your tenant is not applying for credit, we roll up our sleeves and perform some old-fashioned skip tracing to locate them.

 

Can a collection agency collect if my tenant moves out of state? Unlike most collection attorneys, AAB can perform its work in almost all of the continental United States. If your tenant moves to a state where AAB is not licensed, we can still report to the credit bureaus and perform skip tracing tasks. If your tenant is gainfully employed and their credit rating warrants it, AAB will seek your permission to retain a collection attorney in that state.

 

Your Collection Agency for Indiana Landlord Debts

If you feel AAB will be the best collection agency for your Indiana landlord debts, call us at 1- 866-448-3936. If e-mail is more your speed, send us a note to info@accountadjustment.us or go to our contact us page at HTTPS://www.accountadjustment.us/quote. We'd be happy to discuss your concerns and help you decide if AAB is the right debt collection agency for you.

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