At Flathmann & Stern, we take pride in what we do and also have the confidence to follow through. We offer a guarantee on all of our services, meaning that you pay nothing unless we collect the debt. Try our debt collection services free today and take advantage of our new client discount.
At Flathmann & Stern, we take a scientific approach to the ordinary debt collection process. With each debtor, a profile is created and a plan of action utilizing proven collection techniques is put into place. What does this mean to you? Your debts get collected at a higher rate and quicker. The reason being, this instills in the debtor a sense of urgency in resolving the debt, ultimately getting you paid. Effective and persistent follow-up is key to our combined success. We have one of the highest rates of debt collection in the industry.
So here is the situation, you extended credit to a new customer for a large amount. You were excited to have the business, as any business would be, but you did not perform the due diligence. Now 30 to 60 days later, they have not payed and you are out the merchandise.
Commercial debt collection is a process, like all business is, and if this process is not perfected then the business has a greater chance of failing. We will look at some of the most common pitfalls in regards to collecting business debts, which are all easily avoidable. The goal is to help you and your business get paid on time and to profit for years to come.
Today we will talk about the importance of having a D-Day or decision day in regards to debt collection. This is the day that you move forward in the collection process and start actively collecting the debt. If you do not have a deadline for collecting your debt, then you are liable to get your company into some difficult financial situations.