Debt collection

Debt collection  is the process of attempting to recover unpaid debts owed by customers or clients. When a customer fails to pay a debt, the business may take various steps to collect the debt, such as sending reminders, making phone calls, or sending demand letters.

Debt collection is an important process for businesses, as unpaid debts can significantly impact cash flow and profitability. However, businesses must ensure that they comply with applicable laws and regulations related to debt collection, such as the Fair Debt Collection Practices Act (FDCPA) in the United States, which regulates the conduct of debt collectors and prohibits certain practices, such as harassment or deception.

We know how to navigate the muddy waters of bad debt in a way to keep you out of trouble, while maximizing your profitability.