Mar 04 2008
Review of American Profit Recovery
The following is a sponsored review:
In my past, I ran a thriving business and I was responsible for all of the finances. As a business, I know the pains involved in trying collect money that is owed to you. It can take time and energy besides the personal drain it takes on you as a person. That is why a good Debt Collection company is needed.
I did some checking on American Profit Recovery to see what they had to offer. This Debt Collection Company offers a two tier system of collections to help recover your money as cheaply as possible. The first tier is the first intervention to collect a past due account. The website states that this cost the company as low as $5.00 and most accounts are less than $10.00. This is much lower than the average collection agency which can charge from 35-50% of the debt.
The second tier is more intense and this is the next step for stubborn accounts which are older and just refuse to pay. Each account is given a personal collection specialist to handle the account no matter what size it is. The debt collectors work on a commission basis so that they are motivated to collect the debt. The cost of this tier is a bit higher and is based on a flat rate fee. They provide you reports to check on the status of the collections and offer all legal resources to collect the debt.
Debt collecting has always been looked on as a dirty job. However, if you look at it from a small business owner’s stand point, the people owe the money and the company needs the money to support the company and pay their employees.
American Profit Recovery seems to be a very good company and offers services to the business owners and managers at a rate far below the normal fees of other collection agencies. Their website has a client log in to check the status of your account, a company toll free phone number, and ways to contact them on the Internet. They have many endorsements listed on their website along with testimonies from real life businesses and they seem to be a very reputable company.
From my research, I would recommend checking American Profit Recovery first if your company needs to collect on past due accounts.
I have never seem an article on this side of collections. Thanks for the info.