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What is a Collection Agency?

Business Collection Agency

AAB is primarily a business collection agency. Account Adjustment Bureau or AAB commercial business services streamline debt recovery to increase cash flow. Our commercial agency handles small and large consumer and commercial portfolio collections. We also reduce bad debt risk and our collection business systems make us a technologically advanced collection agency.

Finding a new commercial or business collection agency must be done with caution. This is especially true if it is the first time looking for a debt collection agency. The biggest question to ask a prospective agency is what they can do to increase cash flow, while reducing business costs. An efficient agency will have a variety of answers or solutions and what results you can expect, should you chose them as your business collection agency.

What to look for in a Business Collection Agency

There are several things to look for when choosing or switching to a new business collection agency. Doing simple due diligence on the agency can prevent big problems down the road. Collection agency regulations vary from state to state, with states like California where no agency license is required for business collection. In many instances a collection agency that is not licensed probably doesn't carry errors and omissions and/or liability insurance. An insured collection agency shows respect for their clients and is more likely to be a full service business collection agency.

AAB carries $1,000,000.00 in agency errors and omissions insurance and $1,000,000.00 in Liability insurance for clients of our business collection agency.

Once you know the collection agency is legal and insured then the next indicator to ask about, are the agency business systems behind their business collection agency. A shoddy outdated web site can be warning sign of an agency that is out of touch with newer collection agency information technology. How the agency handles your business is just as important as how they legally make the business collection.

AAB has the latest information technology and sources that are critical for a fast successful business collection. Knowledge is negotiation power and we utilize the latest technology to reduce bad debt and create faster recoveries for the clients of our collection agency.

The first step in selecting a Business Collection Agency

The first step is to call or contact the potential business collection agency. It is fairly easy to tell if the agency representative actually knows business collections or is just spewing collection buzz words. Just because a salesman is selling commercial business collections doesn't mean they have actual collection experience. If you ask a lot of questions and the collection salesman can’t answer your questions or understand them, then it is time to move on to another business collection agency.

When you inquire to AAB about our commercial business services, you will be dealing with a collection professional who has a minimum of 20 years’ of real world experience working in a business collection agency.For additional info see our FAQS page for answers about our services for business collection.

Give us a call or use one of the other contact methods on our site. Let an AAB professional answer your collection questions with one of our free consultations on services offered by our business collection agency.
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