Bad debts are a risk that every business faces. Moreover, the smaller the business, the greater the risk. Companies can find themselves investing so much time chasing bad debts that they are not actually serving their own customers properly. That says nothing of the financial resources they put into debt collection.
How much time does your company spend chasing bad debts? We ask because, at least where judgments are concerned, we can help. We named our company Judgment Collectors so that there is no ambiguity about what we do. If your company is holding any unpaid judgments, we are here to help. We serve clients in the following six states:
We offer our debt collection service based on the belief that you should not have to pay if we don’t recover. So that’s how this works. We incur all of the costs of collecting on your judgment. We invest the time and money into research, tracking debtors down, and so forth. You do not pay anything until we make collection.
Getting back to the central question of how much time your company spends chasing bad debt, we would suggest that even one hour per week is too much. One hour spent tracking down debtors is an hour you cannot devote to what your company does best. And if you are not giving full attention to your core products and services, your customers are not getting the best from you.
We get it. Bad debts, especially unpaid judgments, are like a stain on the balance sheet. They are enough to make you want to scream at the top of your lungs. Nonetheless, there will always be people who don’t pay their bills. There are always going to be debtors who, despite having judgments entered against them in court, will not make any effort to pay.
You and your staff investing time and resources chasing debtors down doesn’t make a lot of sense. It certainly doesn’t help your bottom line as much as you might think. Remember that time is money. All the time your company spends trying to recover outstanding judgments is time you can never get back.
We also get the fact that you might think professional judgment collection is too expensive to utilize. You might be suspicious of how we can collect on your outstanding judgments and still stay in business despite incurring all the upfront costs on our own. Well, we cannot speak for any other debt collection agency, but we can say this about ourselves: chasing debtors is what we do.
We have the knowledge and experience to handle judgment collection quickly and efficiently. We have access to databases, tools, and a full catalog of information made available only to experts in our industry. Simply put, we know all of the secrets to chasing down debtors and encouraging them to pay.
People with outstanding judgments against them have a tendency to shield their assets. They are not always upfront about income, employment, etc. This is why chasing them down is often so time-consuming and frustrating. But here at Judgment Collectors, we are particularly good at what we do. We are so confident in our team that we are willing to forego getting paid until we actually collect.
If your company is spending time chasing bad debt, we encourage you to reconsider. It’s time for you to focus all of your energies on serving your customers. Let us put the time and effort into collecting outstanding judgments.
Published October 5, 2021