If you currently use an agency, take the time today to verify their credentials. It is never too late to get out of a bad business relationship.
Atlanta, GA (PRWEB) December 04, 2014
C2C Resources, a commercial debt collection agency, released a comment today on the importance of using a licensed debt collection agency for both commercial and consumer debt collection efforts. The comment comes following a recent debt collection scheme in Jacksonville, Florida, which affected 600 victims and equated to $6 million stolen from businesses.
According to an article in News 4 Jax titled “Small business owner reveals how he was scammed” (October 21, 2014), author Jodi Mohrmann reported that a local business owner was scammed by a fraudulent business debt collection service. The company promised, for a 30% fee, that they would collect the $16,000 debt owed to his company. The debt collection service instead took all of the money owed to the company. The scammer was later arrested and sentenced to eight years in prison.
Todd Tinkler, President of C2C Resources, believes businesses should always verify their third-party business services to protect their money and maintain a positive cash flow. Over 20 states require commercial debt collection agencies to be licensed to do business in their state. Whether the state requires licensing or not, Tinkler believes businesses should always check the Better Business Bureau listing of the company they are considering to use.
“It always hits us with a heavy heart when we hear of businesses being scammed out of their money,” said Tinkler. “If the collection agency you use isn’t licensed, you’re taking on a liability. If you currently use an agency, take the time today to verify their credentials. It is never too late to get out of a bad business relationship.”
About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 25,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.
C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.