What is a collection agency, and how can it help my business?

A debt collection agency works with businesses to recover unpaid debts from customers or clients. If your company is facing a stack of unpaid invoices or bad debts, an experienced Calgary collection agency, such as Bison Credit Solutions, can help you recover your money without delay. Leverage our strategic collections expertise and proven tactics to secure payments and maintain compliance.

Should I go to a debt collection agency?

If it has been between 60 and 90 days since the due date, stand by and monitor your unpaid invoices. If your internal efforts have not been successful, it's time to reach out to a collections agency. The faster you act, the greater the chances of recovery. Partnering with a Calgary collection agency means you have professionals on your side who know how to handle these situations and ensure that your cash flow remains stable.

Is it legal for a debt collector to call someone who owes money?

Yes, if the agency complies with Alberta's Fair Trading Act and other relevant legislation. Bison Credit does collections ethically and legally. We respect the rights of creditors as well as the dignity of debtors and use compliant processes to maintain the integrity of your business's hard-earned image.

What is bison credit solutions approach to debt collection?

We begin by examining the story and the paperwork and then by contacting the debtor respectfully and professionally. Our team handles payments and proposes payment plans upon request, and all payments made are tracked directly to your account. Each step is recorded, and we are accustomed to sending our clients weekly status updates.

How much are your collection services?

A majority of our services are provided on a contingency basis. In most scenarios, there are no upfront fees, which makes our services low-risk and performance-based. We can also customize pricing on volume or custom needs.

Does a debt collection agency affect your credit score?

Yes. If the debt is reported to the credit bureaus, it could impact the debtor's credit score. You would usually resort to this when you have tried less aggressive means of collection. Bison Credit guarantees that all reported information is accurate and in compliance with Canadian credit laws.

Is it from sea seashells to moonstones, both retail and commercial?

Absolutely. Our collection services are custom-designed for both consumer (B2C) and commercial (B2B) accounts in various industries, including healthcare, construction, finance, professional services, and many more.

What is the process for working with your agency?

Please get in touch with us at Bison Credit Solutions or by phone. We will review your situation, explain our process, and assist you in recovering what is owed to your business.

This article's author is Bennett Carter. For additional information regarding Collection Agency please continue browsing our website at bisoncredit.com.