Commercial Investigations, Inc.

A collection agency has many techniques and technologies at its disposal in order to provide an effective way of recovering past due accounts. Any or all of these services may be employed to insure the best results on your account.

Letters and Phone Notifications- Your debtor will be notified in and writing and over the phone that the debt has been sent to a collection agency. Both will explain the matter of the debt, the owed amount, and ways to pay off the debt in a way that suits both client and debtor.

Skip Tracing- This is a process of finding information about a debtor who has changed his or her contact information and is thus unreachable. They may have moved and/or changed phone numbers, sometimes as a way to avoid paying debts. A collection agency can use public records to help with this, and sometimes even local or federal databases in order to find the information on the missing debtor.

Credit Reports- A collection agency can pull credit reports if the information is pertinent to the current debt. This can help to understand more about the debtor and their circumstance, thus allowing the collect to choose an appropriate course of action. Each case is unique and requires its own course of action.

Credit Bureau Reporting- A collection agency can report the debtor’s past due account balance to the credit reporting bureaus. This negative information will stay on a credit report for up to seven years. This often spurs a debtor into paying the past due account off before it gets reported.

Judgment Collection- If you have a court judgment, there are many steps that can be taken if the debtor refuses to be such as tracking down assets and garnishments. There are cases where a debtor may try to hide their assets in order to avoid paying, but an experienced collection agency can locate these assets. There are also necessary steps that a collection agency can do for you in order to seize their assets or acquire garnishments or liens.

Attorney Forwarding- If a debtor does not respond or refuses to pay the debt, a collection agency can forward the case to an appropriate attorney. Most collection agencies, such as Commercial Investigations Inc., have a network of attorneys. A lawsuit can then be initiated, if it has been recommended.

Flexible Payment Options for Debtors- Collection agencies that are willing to work out a payment option with a debtor almost always increase the odds of a debt being paid.

All companies have past due accounts that negatively effect the process of doing business. Every company needs a way to lower the amount of debt owed to them, in order to be least affected by it. Some companies have their own departments in order to go after debt owed, but not all have the resources for this. Many more companies often write off past due accounts because they simply do not have the time or necessary skills to collect on them.

This is where collection agencies step in. When a company fails to collect on a debt, a collection agency will step in and attempt to collect on a debt on behalf of the company. The business saves time and avoids the frustration of dealing with a delinquent debtor. Hiring a collection company is a more cost effective way of seeing a past due account paid.

The definition of a collection agency is a company whose specialty is obtaining payments by a debtor, whether they are a person or company, on behalf of its clients. A collection agency will use phone calls, e-mails, or letters as a tool to help them with the recovery process. Skip traces or credit checks, along with other techniques, are often put to use when a debtor has changed contact information or tried other evasion tactics.

Collection agencies, such as Commercial Investigations Inc., work on a contingency basis, which means they are paid a percentage of the amount recovered. With Commercial Investigations Inc. this provides the client peace of mind- if no amount is collected, the client owes nothing.