Debt Collection Agencies – Myths and Misconceptions

Debt Collection Agencies – Myths and Misconceptions

This is something that has been particularly true in the debt collection industry. The common misconception is that these agencies operate outside the law and use intimidation and threats to get your money back. This is simply not true of any reputable and regulated agency.

Myths and Misconceptions

There are some jobs and services that people have preconceived misconceptions about. Sometimes the myths have built up over the years to become fact and that can damage any brand or sector’s reputation.

Take used car salesmen for example, are they automatically distrusted due to poor practices in the past? Are they all seen as pushy salesmen who will inflate the real value of what they selling? They can’t be, and they aren’t, ALL like that. The same goes for people and running garages, the myths surrounding them are that ALL garages will tell you that you need costly repairs that aren’t necessary. Builders, traffic wardens, double-glazing companies, all of these industries or service providers can have a hard time because people do not fully understand what they do, how the business operates or the value of the service or goods they provide.

This is something that has been particularly true in the debt collection industry. The common misconception is that these agencies operate outside the law and use intimidation and threats to get your money back. This is simply not true of any reputable and regulated agency.

Any reputable agency understands that it is your reputation on the line when it comes to handling a collection. They will work with you to understand the existing relationships you have with your clients and do everything they can to protect those relationships. Successfully collecting a debt doesn’t mean losing a valued client if it is done correctly.

A good collection agency will seek to work in partnership with all parties. Having a discussion with someone who owes money and finding out the reasons why can often open up lines of discussion around how they can manage to repay what they owe. Embarrassment over cash flow issues can leave businesses ignoring debts and having a third party to talk to about a way forward to resolving these issues can bring huge benefits to all involved.

At Daniels Silverman we offer all of this and more. We won’t ask for large sums of money up front, we only expect to be paid on results. We pride ourselves on our personal approach to solving your debt issues, we seek to answer all queries straight away, resolving any disputes quickly in order to maximise returns. You will have a dedicated account manager, so you have one point of contact throughout the process, streamlining the experience and reducing stress for you. We understand that no two cases are the same and so we endeavour to create tailored debt recovery paths to ensure we are meeting your needs every step of the way.

It’s time some of the myths surrounding debt collection agencies were busted! Choose an experienced and established firm who will work hard for you and recover your money, without damaging your reputation. Give Daniels Silverman a call today, we’d be happy to chat and see how we can help.

http://www.danielssilverman.co.uk/contact

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