If you’ve ever had the bad luck of having outstanding bills that debtors wouldn’t pay, you know how much of a hassle it can be to contact them time and time again in the hopes of getting them to pay. If all your tries haven’t resulted in anything, it’s time to change your tactics. Hiring a collection agency (Dutch: incassobureau inschakelen) can help you out.
If you’re doubting whether or not to spend money on a collection agency, we’ll gladly give you three reasons why they’re worth every penny.
1. They allow you to focus on your company.
Trying to contact your debtors takes up a lot of time; especially when you call or email multiple times a week for a longer period of time. Furthermore, knowing that you’re dealing with outstanding debts, makes you stressed. It’s always in the back of your mind. If you work together with a debt collection agency (Dutch: incassobureau) you can let go of that stress and focus on the things that really matter for your company. You know someone experienced is working on your case, so that’s one less thing to worry about.
2. A collection agency knows the ins and the outs of debt collection.
Did you know that debt collection is very regulated? There are tons of laws and regulations around the subject. If you have no knowledge of these laws and regulations, it can take a lot of time until you’ve read up on all of them. And if you decide to forego reading up, you might accidentally break one … working together with a collection agency minimizes your legal risks since they know what can and can’t be done. Furthermore, they have years of experience dealing with debtors. They can also use certain tools normal civilians can’t access; e.g. databases in which they can check credit information. Because of these tools, they’re more likely to easily find your debtor’s current contact information.
3. They’re super dedicated to getting your money back.
If you have to track your debtor, that’s something you have to do on top of your daily tasks. A debt collection agency only has one focus: finding debtors and making sure they pay back what they owe. We recommend that you look for a “no cure, no pay”-agency, which means you don’t have to pay the agency in the rare case they’re not successful. If they want to earn their fee, they’ll have to do the utmost to get your debtor to pay.
Another recommendation we have, is to look up all the agencies in your area online. Look at their reviews and what people say of them. It might also be handy to choose a collection agency closeby so you can pop by to ask for an update if needed. If you for instance live in Rotterdam, look for an agency there, if you live in The Hague, look for a collection agency in or around the city (Dutch: incassobureau De Haag).
We hope you get your outstanding amounts back as soon as possible!