The other side
Much of the focus on debt collection portrays collectors in an unfair light. This needs to stop. Commercial entities who put large sums of money into the hands of their customers have every RIGHT to collect on the money that they’re owed. Think of it in terms of the way a person would think of loaning money to their own friends. You hand a friend a large sum of money. A month goes by with no word. A year goes by and they still haven’t made good on their debt. It makes sense for the person who LOANED money in that situation to be the one that is frustrated, not the borrower. This person took money that didn’t belong to them and spent it however they saw fit. When time came to collect, they didn’t have it to pay. Commercial loan entities and other people who extend credit aren’t the bad guys. They are trying to collect money that they freely gave to someone else.
Just like borrowers who run into credit trouble, lenders face the same uncertain future when they’re unable to get the money they need for their business. Don’t forget that you have every right to seek credit collection services that will help you recover the money you’ve generously loaned out to your customers. Don’t let another day go by before you enter the realm of Commercial Debt Collection agencies who can help you tastefully recover the money that your customers owe you. These professional services are sometimes the only way to recover your losses. The agents on the other end of the phone will treat your customers with respect while still treating the situation as seriously as they should. The results of these companies go beyond what you as a lender can do.