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Staffing Debt Collection Process in New York City
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Although there are many steps to the staffing and recruiting debt collection process, it is helpful understand the process before you pursue any legal action.
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There are many components involved in running a successful business, but the bottom line is that you provide services and products in exchange for payments, which you collect from your customers or clients. Clients can be individual customers or other businesses which your company may contract with to do business.
Many times, contract obligations are unfulfilled by one or both parties and an issue of non-payment arises. These unpaid business debts often put the future of a company at risk. As New York City staffing debt specialists, we strive to be a strong partner in the recruiting debt collection industry.
Staffing debt collection services allow you and your company to stay focused on your day to day operations without the distraction of legal disputes and contract breaches. Chasing unpaid invoices is an expense few companies can afford, especially when it disrupts the productivity of the business.
The steps of collecting a staffing agency debt in New York City is often complicated, and no two cases are exactly alike. But the details aside, here is a general guideline to our collection process and how we handle them.
Many times, contract obligations are unfulfilled by one or both parties and an issue of non-payment arises. These unpaid business debts often put the future of a company at risk. As New York City staffing debt specialists, we strive to be a strong partner in the recruiting debt collection industry.
Staffing debt collection services allow you and your company to stay focused on your day to day operations without the distraction of legal disputes and contract breaches. Chasing unpaid invoices is an expense few companies can afford, especially when it disrupts the productivity of the business.
The steps of collecting a staffing agency debt in New York City is often complicated, and no two cases are exactly alike. But the details aside, here is a general guideline to our collection process and how we handle them.
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Staffing Debt in New York City,
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Payment Demands
As with any debt, the collection efforts of staffing and recruiting debts begins with a carefully crafted demand letter. This initial written communication is vitally important and often results in full payment by the client. Some companies simply need that extra nudge to settle outstanding debts.
In other cases, you might have requested payment from the debtor multiple times without resolution. If the written demand letter comes from a dedicated staffing collections agency, they will often take it more seriously because they realize the potential consequences of legal action if they continue in their failure to pay.
In any case, a written demand letter should accomplish the following:
Inform the client that a credit collection agency is now pursuing the unpaid debt. This gives them time to respond with payment or deny the debt. In either case, we are prepared to move forward with further legal action if necessary. It is important to give the debtor an opportunity to discuss alternate arrangements to meet the debts, such as partial debt forgiveness, structured payment plans.
When the debtor does respond, whether positively or negatively, it opens the line of communication, which is a crucial component to the collections process.
In other cases, you might have requested payment from the debtor multiple times without resolution. If the written demand letter comes from a dedicated staffing collections agency, they will often take it more seriously because they realize the potential consequences of legal action if they continue in their failure to pay.
In any case, a written demand letter should accomplish the following:
Inform the client that a credit collection agency is now pursuing the unpaid debt. This gives them time to respond with payment or deny the debt. In either case, we are prepared to move forward with further legal action if necessary. It is important to give the debtor an opportunity to discuss alternate arrangements to meet the debts, such as partial debt forgiveness, structured payment plans.
When the debtor does respond, whether positively or negatively, it opens the line of communication, which is a crucial component to the collections process.
Investigation Tactics
Commercial debt collectors are not bound by the same laws as consumer debt collectors. The law allows us to use various investigative tactics in order to locate debtors and collect staffing and recruiting debt in New York City. We have the ability to uncover hidden assets, locate business accounts and identify fraudulent activity by your clients.
The processes involved in collecting staffing debt in New York City can vary greatly from case to case, but in the end, we will use whatever legal means necessary to make sure you are paid in full in the shortest time frame possible. Call us today to find out what we can do for you!
The processes involved in collecting staffing debt in New York City can vary greatly from case to case, but in the end, we will use whatever legal means necessary to make sure you are paid in full in the shortest time frame possible. Call us today to find out what we can do for you!