When most people think of collection agencies, they usually think of intimidating call centres and big businesses. But what happens when local businesses are struggling with unpaid debts? Since 1982, locally-owned Credit Bureau Collections – Algoma District has been helping businesses of all sizes deal with outstanding bills and invoices.
Providing an Important Service to Businesses
According to Reno, owner of Credit Bureau Collections – Algoma District, agencies like his provide an important service that helps businesses turn their stale accounts receivable into working capital. In these lean economic times, every dollar counts and those unpaid debts can cause serious problems for local businesses. “Our clients often lack the resources needed to deal with aging accounts receivables,” he says.
Kat, the office manager at Credit Bureau Collections, really loves to work with other local companies. She and her team are proud that they offer a personal approach to their work. “We help small businesses by collecting any sized receivables and we don’t use automated calls,” she explains. “We have developed great relationships with our clients over the years.”
Not only do they help to recover unpaid debts, but Credit Bureau Collections also help businesses with preparing court documents for small claims court. “We are a no-fee agency which means that if we are not successful in recovering the debt then there is no bill for our client, other than the court costs,” explains Reno.
Helping People Resolve Outstanding Debt as Easily as Possible
In addition to helping local businesses, the team at Credit Bureau Collections is also helping those who owe money. Oftentimes, debts become unresolved and further communication with the business becomes uncomfortable as interest and late fees add up.
“Our services allow the debtor the opportunity to resolve unpaid debt without interactions with the listing company, should there be conflicts,” says Reno. “By working with our agency, the debtor can satisfy the claim from the listing company and move on. We can also facilitate negotiations and settlement on behalf of both parties.”
Kat offers some helpful advice for anyone who might have to deal with an agency like hers in the future. “If you get a call from a collection agency, don’t ignore it because it won’t go away. Work with the agency to clear the debt. We truly are here to work with you,” says Kat. “Anyone who is struggling with small debts should make regular payments because interest can really pile up, which makes it almost impossible to pay off.”
For more information about the services that Credit Bureau Collections – Algoma District provides, give their friendly team at call at (705) 254-7525, send them an email, or visit them on Facebook.