Collection Agency & Bad Debt Collection for Alberta
Phone: 403-202-7336
Fax: 403-201-7236
# 1, 6304 Burbank Road SE
Calgary, AB T2H 2C2
- Receivable problems taking up too much of your time?
- Debtors not returning calls?
CALL US!
We get results.
403-202-7336
We set a high standard for collection service efficiency by using our knowledge and experience, in conjunction with a burning desire to succeed.
Articles
on Debt and Debt Collection
by Glen Hutchinson
published by EzineArticles.com
Collecting Money in Time
By Glen Hutchinson
July 27, 2009
In the bill collection industry , back in time, and still today, if a bill collector wants to sue an account the collector generally has to find assets or "targets" for a potential judgment and they take this information to a legal manager to review. If the account will be sued or not depends upon the information the collector has gathered and how much and how quickly the client will pay legal fees.And the collector sits there, being drilled by the legal manager about information that for the most part is of little or no value. By the time they make the decision to commence litigation a lot of time has passed by, in some cases the company has ceased operations and if a retail collection the debtor has quit their job ( or died of old age?). The constant passage of time.
This is the old time approach. The new approach, or mine anyway, is to sue quickly , at my expense initially and then look for assets after the fact. After the fact being when judgment has been obtained.This is an interesting way to be a bill collector. The only way it can cost the client money is when the account gets paid. Is this really a cost? From the agencies point of view, now there are not only commission monies at stake but also legal costs. Would one not think that a collection agency that has spent their own money to obtain judgment would not have a more vested interest in the collection of the file than an agency that has already made money by charging their client high initial legal fees?
If you have receivable problems, do you have the time?
Copyright 2009 T&S Collections Ltd.: Debt Recovery Agency. All Rights Reserved.
Times demand change and change requires time. The times are changing. Have you ever really thought about what time is? It is the only thing in the universe that is constant. Everything else fluctuates. But what is time? It is not alive, but it is always going forward. So it can not be a thing and it can not be measured itself, even though it measures other things. Like the Professor asked his students " Time passes, will you? "
