Will an agency report my past-due tenants to the credit bureaus? Will an agency attempt to collect my debts before recommending suit? Many of my bad tenants never leave a forwarding address. How does an agency find them? Can an agency collect if a tenant moves out of state? You might find it surprising that sizeable multistate property managers in Indiana don't know the answers to the questio...Read More!
Our firm has been in the business debt collection industry for nearly four decades. Over that time, we have come across various misconceptions about what effective business debt collection looks like from the creditor's perspective. Some of the misconceptions include; "We only use attorneys." "How much would you be willing to purchase this debt from me for?" "We recei...Read More!
Some creditors have concerns about hiring a collection agency for their bad debts. “Does the collection agency understand my market?” “Will the collection agency give me a bad reputation?” “How can I believe the outlandish claims made by some collection agency services in Michigan?” “Besides the no collection-no fee pricing, what else can a collection age...Read More!
We work with numerous small and medium-sized businesses for their credit collection services in Michigan. When business owners reach out to us, there are typically four questions they want answered to ensure that credit collection services in Michigan or beyond are right for them. Some questions and concerns include: “What is your fee?” “How do you do your work?” “We...Read More!
Are you looking for a debt collection agency? Are there too many options online? When searching for a specific business, most people seek the advice of a trusted colleague or friend. Some of us use an Internet search engine to check the location of the business closest to our geographic area. A "debt collection agency near me" is a general search, when you may require the services of a ...Read More!
Our firm has worked with numerous landlords and property managers spanning five decades in the collection agency industry. When a new landlord or management company comes to us after leaving their current vendor, they tend to have a few questions. Some of these include: "Will you comingle funds from more than one building?" "Do you charge extra to report to the credit bureaus?"...Read More!
We've worked with a multitude of finance professionals and business owners at AAB over the years. Many people who had not considered a collection agency for their commercial collections listed concerns such as: "I worked so hard to get the customer. I'm afraid that by using a collection agency, I will lose them." "Using a collection agency for my commercial collections is t...Read More!
What exactly is a debt collection agency? How do debt collection agencies operate? A debt collection agency is a company or individual authorized to act as a third party on behalf of a creditor to obtain payment from a past-due customer. The history of debt collection agencies is as old as commerce itself. As long as creditors allow customers time to repay debts there will be a need for debt coll...Read More!
AAB has been providing collection agency services in Michigan since 1973. In the 1970s, collection agency services were simplistic. Our agents used file cards with paper documents attached to the back of the card. Back then, the telephone companies charged a lot of money for long-distance calls – a collection agency's second-largest expense was its telephone bill. Times certainly have c...Read More!
Does your business need help with debt collection? Don’t know where to start? Business debt collection refers to recovering past due accounts from a commercial customer. The phrase “business debt collection” is essential because it separates the thousands of collection vendors throughout North America that provide collection agency services. While there are thousands of debt col...Read More!
Does your business have unpaid accounts? Are you looking for credit collection services in Michigan? According to the U.S. Department of Small Business Administration, almost 900,000 small businesses operate in Michigan, representing 99.6% of all Michigan businesses. Over half of Michigan’s workforce – 2,000,000 people – is employed by these businesses. Many of these businesses ...Read More!
There are many choices when searching for debt collection agency services in Michigan. With so many options, how does one pick the right vendor for you and your business? Before this article considers the various points when searching for a suitable debt collection agency in Michigan, we should clarify that we are referencing business-to-business or b2b credit transactions only. Your business is ...Read More!