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What is a Collection Agency?

Chicago Collection Agency

AAB is a fully licensed, bonded and insured Chicago Collection Agency. We specialize in commercial debt collection and our agency services Chicago, Illinois and the rest of the US. AAB should be your Chicago Collection Agency.

A collection agency must be bonded and licensed in Illinois to legally offer the collection services of a Chicago Collection Agency. There is one minor exception, but from the view point of a client, why risk any liability when you can deal with a licensed Chicago Collection Agency.

Chicago and commercial debt collection

Chicago covers 237 square miles with a population near 3 million. Chicago has a wide range of manufacturers who produce communications equipment, musical instruments, machinery, earthmoving equipment, steel, metal products, engines, printing presses, office machines, auto accessories, chemicals, soap, paint and food products. Commercial debt collection in Chicago requires a collection agency that has extensive knowledge of different commercial industries and is a licensed Chicago Collection Agency.

The Chicago economy was hit hard in 2008. With one of the largest collection agency markets in the US, the economic downturn has produced a surge in demand for debt collection services in Chicago. New construction, high unemployment, new business licenses and house prices are on the decline in Chicago. In turn, weak companies are dying on a regular basis, which is why there is a steadily increasing demand for a Chicago Collection Agency.

With the declining economy in Chicago many commercial companies are in the process of winding down or liquidating. Unsecured creditors who see some of their customer’s purchases take dramatic declines, while payments are taking longer have a choice. They can hope for the best or retain a Chicago Collection Agency.

AAB is a commercial Collection Agency

AAB is primarily a commercial collection agency. We have an extensive technology and information infrastructure for handling commercial debt collection. Commercial accounts require far more expertise than consumer for a collection agency.

AAB also provides numerous other related collection services. Risk management, pre-collections and outsourcing are also just some of the services offer with our Chicago collection agency. An AAB professional is standing by to assist you with a comprehensive collection program or a single account. Either way, you will find AAB is a great source of collection knowledge

AAB is licensed all over the US, including Illinois, and we can put together the right combination of collection services to reduce your costs, while increasing recoveries. Give us a call or request a free Quote from our Chicago Collection Agency.
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