Our Collection Process

Collection agency services are one of our basic services. We work with forwarding-thinking companies, which is why we created The Proactive Receivable Solution™. This advanced process helps you build a proactive receivable system in your company to ensure you get paid in a timely and consistent manner. It also allows you to avoid The Reactive Bad Debt Trap™. 

We have two levels - basic and advanced. With basic, we provide you with our essential collection agency services. You can get the basic from many other companies, however, the advanced process we’ve developed, The Proactive Receivable Solution™, takes everything to a much higher level and is only available from AAB. Additionally, you don't have to hire us for collection agency services to get the advanced program – you can keep your existing collection agency services provider if you wish. 

Our Proactive Receivable Solution™ has four components:

1. AAB designs a blueprint for a more advanced receivable solutions for your business. 
2. You get the right people and train them properly. 
3. You use proactive credit-oriented marketing strategies to ensure that you work with only creditworthy customers and Prospects
4. You put in place a proactive and consistent credit application system. 

If you're interested in The Proactive Receivable Solution™, contact our office today for a free starter session. We’ll assess your current situation during this session and begin work on your customized Proactive Receivables Blueprint™. 

Collection Agency Services

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.

Our History as a Collection Agency

AAB has been providing collection agency services in Michigan since 1973. In the 1970s, collection agency services were simplistic. Our agents used file cards with paper documents attached to the back of the card. Back then, the telephone companies charged a lot of money for long-distance calls – a collection agency's second-largest expense was its telephone bill. Times certainly have changed! 

Today, collection agency services are easily performed from virtually anywhere in the world. While our firm provides collection agency services in Michigan, we also cover the rest of the United States, Canada, Mexico, and beyond. The most common areas we serve include landlords, building supply companies, fuel, equipment, rental companies, and professional service firms. 

Providing collection agency services has changed dramatically since the 1970s. In the 2000s, AAB began providing proactive credit consulting, early-stage collections, customers save campaigns, traditional third-party collections credit reporting, and litigation management. 

Collection Agency Services

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.

The Nuances of Business Debt Collection

Business owners, credit managers, and purchasing professionals need to know the expertise gained when retaining a business debt collection professional. Usually, when a business is owed money, the owner or finance professional will perform a Google search for “collection agencies near me” or similar terms. This search will bring up all collection agencies within a certain radius of their location. Suppose your company regularly extends credit to business customers across a broad geographic region. In that case, the above search will produce minimal options considering your actual business needs. 

Business debt collection encompasses much more than simple collection agency services. Companies extending credit to their business customers should also consider credit checks, accounts receivable management, and pre-legal assessments. Working with a vendor that can help you manage the order to cash cycle for optimal efficiency will provide better performance than attempting to manage the process and people independently. 

Business Debt Collection Michigan

Your business debt collection provider should assist you by managing your credit department for maximum efficacy in the local and broader market. Contact us today for a comprehensive discussion. AAB can help your company minimize risk while getting the best possible return on investment from your personnel and credit customers. 

Business Debt Collection Explained

Business debt collection refers to recovering past due accounts from a commercial customer. The phrase “business debt collection” is essential because it separates the thousands of collection vendors throughout North America that provide collection agency services. While there are thousands of debt collection firms, relatively few focus on business debt collection. 

This distinction may seem trivial until you experience the more detailed results from a vendor specializing in business debt collection. A qualified business debt collection agency will examine every option when recovering past-due accounts.

Business Debt Collection Michigan

Your business debt collection provider should assist you by managing your credit department for maximum efficacy in the local and broader market. Contact us today for a comprehensive discussion. AAB can help your company minimize risk while getting the best possible return on investment from your personnel and credit customers. 

Evolution of Debt Collection Agencies

Debt collection agencies are companies or individuals authorized to act as a third party to obtain past due payments on behalf of a creditor, but they have grown to serve many other purposes as well. These agencies can also be a data furnisher – they report all debtors assigned for recovery to the various credit bureaus. 

However, before reporting the data to the credit bureaus, the agency must be sure that all debts assigned for recovery are legitimate debts. A responsible debt collection agency will take every precaution to ensure that all data is accurate before reporting a debt to the credit bureau. Sometimes creditors make mistakes that the debt collection agency has no way of catching. If you see that a debt collection agency has made an error on your credit report, call them, and they will be pleased to investigate and make the necessary corrections.

Some debt collection agencies may also manage current debts for customers. Debt collection agency software is superior to most creditors' customer management systems because it focuses only on the contact management function.  When the debt collection agency can easily exchange data with its customer through an API, they can make calls under the creditors' name and help keep the client's receivables current and the customers paying within terms.

Debt Collection Agency Michigan

Account Adjustment Bureau has been collecting debts for nearly 50 years. If your firm is looking for a debt collection agency, contact us today and have a confidential discussion on how you might benefit from retaining our services.

What Exactly Is A Debt Collection Agency?

A debt collection agency is a company or individual authorized to act as a third party on behalf of a creditor to obtain payment from a past-due customer. The history of debt collection agencies is as old as commerce itself. As long as creditors allow customers time to repay debts there will be a need for debt collection agencies.

Typically, a debt collection agency gets paid a commission depending on how much money they recover for their customers. Historically, the commission debt collection agencies charge runs between 20% to 50%. They will usually charge a higher fee if the debt is older or if it’s expected to be more difficult to collect.

Debt Collection Agency Michigan

Account Adjustment Bureau has been collecting debts for nearly 50 years. If your firm is looking for a debt collection agency, contact us today and have a confidential discussion on how you might benefit from retaining our services.

Strategies for Small Business Credit Collection

Is your small business struggling with overdue accounts?

Running a small business can be difficult, but our small business collection agency can help you streamline your credit system. We help you reduce days outstanding and provide cost-effective credit tools that big companies use. Our small business services level the playing field.

For our clients, we are a source of information. Many of our small business clients call us with questions before deciding to do business and extend credit in a particular state. We know the debt collection landscape, we save our small business clients a lot of money, and we help prevent costly mistakes. We build long-term business relationships by going the extra mile, a mark of a successful small business collection agency.

Credit Collection Services Michigan
For the last 50 years, AAB has been helping creditors and debtors to resolve their outstanding accounts amicably. If your business needs credit collection 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.