Tag Archives: debt collection company

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Are you performing proper credit checks?

Any accounts receivable department has an important job to do, and it’s not always a smooth process. Companies provide products and/or services to their vendors on a daily basis, but payment isn’t always made on time. If a company knew which vendors are reliable when it comes to payments, the amount of uncollected debts would decrease.

A credit check can be your savior. When engaging in business with a new vendor, there’s nothing wrong with performing a credit check to review its history in paying its debts. This is a perfect way to discover if a vendor if responsible when it comes to paying balances. If you spot any red flags in their payment history, you can develop a collection plan to increase your chances of being paid, or in some cases, choose not to do business with a customer if you have reason to believe you won’t be paid.

Let Rapid Recovery help you with your debt collection needs.  Get a FREE Quote today for collection agency services.