Tag: credit reports

Professionals in the credit and collections business point to certain key elements that improve overall collectability of accounts once they reach the point when they are placed into collections. The factor that is nearly universally agreed upon is age of the account from date of last sale at the time when it’s placed into collections. There are, however, other important factors that should be considered, many of which begin before a sale ever takes place.

As a business owner, decision maker or even a day-to-day contact, how do you make use of your collection agency? Many full service agencies today offer a multitude of free or low-cost services all designed to make your job easier and help you make better, more informed decisions regarding which accounts to place for collections and when to place them.