Los Angeles Collection Service
Category
General Information
Locality: Los Angeles, California
Phone: +1 310-474-0175
Address: 2140 Westwood Blvd 90025 Los Angeles, CA, US
Website: www.lacollectionservice.com
Likes: 5
Reviews
Facebook Blog
Many collection agencies work with collection attorneys who may recommend filing suit. Collection agencies can help you make an informed decision on when to file suit against a debtor by searching public records and outstanding judgments.
Unfortunately, getting a judgment against someone in court doesn’t necessarily mean you’ll get your money in an expedient manner. When you need a little help collecting on the judgments you’ve won, we may be able to help.
If you’ve had to take another party to court over money they own your business, you may walk away with a judgment against them and little else to show for your time. Let us take over the collection of the account so that you can get something to take to the bank.
Since banks review balance sheets when deciding to make loans or extend lines of credit, it's important to have the least amount of receivables as possible. Be relying on a collection agency, companies keep their customer relationships and their books healthy while improving their credit worthiness.
When a collections agency is trying to collect on a debt, their image and brand is involved, not yours. This allows them to use more aggressive collection tactics than a company would use, resulting in an vastly improve collection rate.
If the routine duties involved with running your business are already keeping you busy each day, it’s easy to let collecting on the most overdue accounts slide. Let’s talk about how sending these accounts to a collection agency can help you to collect on debts without forcing you to work longer hours.
Why use a collection agency? There comes a time when it isn’t profitable to keep up your own efforts on delinquent accounts. It is better to focus on debts that aren’t as old, and let the collection agency worry about recovery of old debts.
The squeaky wheel often gets the grease. That's a saying that definitely applies to debt collection. A customer with several bills will generally pay off the ones that are closest to entering a legal situation.
Sometimes, a debt will have a skip, where a debtor makes frequent changes of address or jobs without informing creditors or leaving a forwarding address. Collection agencies can provide skip-tracing to track down these debtors so you can get paid.
As a business owner, you know how important it is to be able to access ready credit from banks, which means having a low amount of outstanding receivables. Collections agencies help make sure this number is as low as possible to help protect your credit.
Did you know that in 2013, collection agencies recovered approximately $55.2 billion in total debt? They earned close to $10.4 billion in commissions and fees. Removing these agency earnings from the total debt recovered leaves nearly $44.9 billion in debt that agencies returned to creditors.
We are conscientious and professional in our dealings with your debtors. This is because when we contract with you, we are representatives of your company. Our behavior reflects on you, and we want you to maintain the reputation you have spent years creating.
If you’ve recently lost your accounts receivable person, you may discover that no one else is familiar with the system for collections. Rather than taking the time to figure it out and train someone new, you could always send those tasks over to us.
Popular Listings
Edumetrix
+1 410-935-0936
Business service, Educational consultant, Management Service
The Bowladium
73768 Gorgonio Dr 92277-2640 Twentynine Palms, CA, US
+1 760-367-9502
Bowling alley, Business service
Advantage Resourcing
11440 Ventura Blvd. 104 91604 Studio City, CA, US
+1 818-487-6700
Business service, Employment agency, Recruiter