DEBT COLLECTION TECHNIQUES PART ONE
Collection techniques can vary greatly from business to business, and can vary based on the type of debt being collected. With that being said however there are some basics in the techniques used by Debt Attorneys.
Business' of all types can follow these basic steps in the debt collection process. First send a pre-collection letter. A business can then choose to either decide whether they will attempt to collect the debt themselves, or hire an outside collection agency.
Most business' avoid collection practices internally as they don’t want to be considered “the bad guy”. Many feel that they will damage the relationship they have with their clients and prefer to pay a nominal fee to a collection attorney to send a notice asking for payment.
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