How to Make Your Debt Collection Efforts More Successful

Rumson, Bolling & Associates wants to give some pointers on how businesses and individuals can make their collection efforts more successful. Our first piece of advice to creditors is to have information on your debtor. Rumson, Bolling & Associates can carry on the collection process with just a bounced check or something of the nature, but it’s best to have contact information. Many times our clients have debtors with common first and last names such Kevin Smith, John Williams, etc. common names like these need to be cross checked by skip-tracers, this is a long process that takes up man hours and resources, sometimes this process may happen more than once depending upon the circumstances. Rumson, Bolling & Associates highly suggests creditors to get information such as name, address, phone number(s) and SS # if possible. Information like this can expedite the collection process almost twice as fast, if not more. Once you obtain this information, make sure you keep current client/customer information. All of this will help speed up the collection process; cut costs down ultimately giving you the creditor an easier collected debt.