An estimated $150 billion worth of unpaid bills are given to US debt collectors every year. BillWarning.com gives holders of overdue invoices a powerful and free alternative to using debt collectors and lawyers to get their money.
Hollywood, CA. (PRWEB) August 04, 2014
Earlier today BillWarning.com publicly launched its unpaid bill registration platform that gives businesses the power to publicly reveal other businesses that are not paying their bills on time.
According to the Association of Credit & Collections Professionals, an estimated $55.9 billion worth of unpaid invoices are recovered by US debt collectors each year, a staggering number when you consider that this estimate only accounts for US companies that use professional recovery services.
BillWarning.com is currently free for businesses to use and gives holders of overdue invoices a powerful alternative to using debt collectors or lawyers to get their money. In a world where companies like Reputation.com boast more than 1.6 million clients who pay them to protect their online reputation, BillWarning.com gives businesses a potent tool that could cost the slow paying company far more than the face value of the unpaid bill.
Unlike many dispute resolution platforms that encourage their often anonymous users to viciously attack people or companies in order to later extract fees from those attacked under the guise of “reputation management fees”, BillWarning.com verifies each user using SMS and email verification and then passes those verified details along to the company that has been reported together with a copy of the report the user lodged. The company then has 14 days to settle the dispute before the report is published and indexable by Google. The BillWarning.com user can remove their report at any time and their details are never published on the site.
The platform is accepting reports from all over the world and is attracting strong interest from the accounting sector due to their insight into the accounts of millions of businesses, many of whom are carrying delinquent debt.