7 Debt Collection Agency Hidden Traps

Looking for a debt collection agency? Controversial video reveals 7 hidden traps traditional debt collection agencies desperately want to keep quiet.

If you’re experiencing problems recovering your own debts in-house and are you’re looking at debt collection agencies to help you recover those debts my sincere advice is DON’T… at least not until you finish watching this video.

Because you see, traditional debt collection is like a mine field… if you don’t know what you’re doing you’re going to get hurt! You’re going to lose money, you’re going to lose customers and you’re not actually going to recover much money in the process.

So I’ve created this video to highlight the hidden traps of traditional debt collection to give you a very clear map and safe pathway through the debt collection agency minefield so that you can save money, save your customers and actually recover the maximum amount of your outstanding accounts with the minimum of fuss.

You see, traditional debt collection agencies a notoriously flawed.

Now traditionally the collection agency gets paid a commission on money they collect. And the upshot of that is if they don’t collect they don’t get paid. So this then leads them to adopt bully boy tactics from day 1. They really don’t care who gets maimed in the process… all they want is their commission.

Now you as a business owner — knowing that they’ll use these bully boy tactics — you’re worried that they’re going to potentially upset and ultimately lose your customers. So instead of going to a debt collection agent early, you hesitate and you think “Well no… I actually prefer to chase these debts myself and prevent risking upsetting my customers so that I don’t lose them. And besides, it’ll be much cheaper chasing them myself!”

But what actually ends up happening is that after months of hoping and praying that tomorrows mailbox is going to carry that cheque it finally dawns on you that you’re not going to recover that debt on your own. It’s at that point that you then go see Mr Collection-Man.

However, by then your debt is old. And because it’s old it’s inevitably become delinquent, its deteriorated, and it’s often disputed.

And because of this delinquency, this deterioration and this disputedness it makes your chances of extracting that money well… slimmer than posh spice.

So in effect the debt collection agencies aggressive method of recovery has now set-off a self-perpetuating downward spiral.

Their bully boy tactics cause you to delay referring your debts to them which in turn makes it more difficult to recover the debt which in turn reinforces the debt recovery agencies decision to employ very heavy handed tactics. They know they’ve got an uphill battle on their hands so they go in their all guns blazing and they’re going to do what ever they can to extract a commission.

However these bully boy tactics actually lessen your chances of collecting your money even further. Think about it, what’s your instinctive response when you’re threatened, when you’re intimidated, and when you’re bullied. Either walls go up and communications break down or backed in to a corner with nothing to lose you come out fighting. And it’s the same with your customers when they’re bullied by traditional collection agencies. They either go in to hiding, never to be seen or heard from again or they throw out a grenade… usually in the form of a bogus dispute to get the debt collectors off their back.

So as a result of this heavy handed approach along with the age of the debts themselves the actual amount of money traditional collection agencies recover on your behalf is very low as well as slow.

Now the debt collection agencies are in business to make money and there’s no shame in that. But if they’re making their money from commissions on the money they collect and they’re actually not collecting that much money well guess how the only way they can stay in business is… That’s right, they’re going to charge you high fees… which is exactly what they do.

And let’s not forget, there’s a third party in this triangle and that’s your debtor. Now as a result of all this bullying it goes without saying that you’re going to lose your customer in this whole process. They’ve been threatened and abused and they’re out of there… they’re not going to want to deal with you. And you might not think that’s such a bad thing, after all they’ve strung you out and they’ve effectively stolen from you. But as you’re about to discover there is another way… a better way… where you can recover your money early without upsetting your debtors and ultimately keep happy paying customers.

So the net result in traditional debt collection, is low collections, slow collections, hi fees and lost customers. In short you have a no win, no win no win position where every body loses.

But the way my team works, we take this problem and we literally turn it on its head. Because as you’re about to see we have an unmatched ability to collect your accounts without causing upset.

Now instead of shutting down communications with aggressive intimidation tactics, we actually create a window of opportunity whereby we work alongside your clients to open up those communication channels so that we can recover your debts quickly and amicably. And I can’t stress that enough. We do it in such a way that we don’t upset your debtors.

So as a result of the fact that we don’t upset your customers our clients refer their debts to us early and they generally do so after only 30 days of trying to recover their debts in-house but at a maximum of 60 days.

Now you might be thinking wow that’s just so fast. How can anyone refer their accounts to a debt collection agency so early in the piece?

But the reality is is because these accounts are fresh, they’re undisputed and that the client isn’t in deep financial difficulty our collections… the money that we collect through to you are amongst the highest in the industry. We give you high collections as well as fast collections. And because our collections rates are so high, well guess what.. the fees that we charge you are low.

And again, because we don’t upset your debtor, we get the money out of them early and in an amicable fashion you get to keep happy customers.

Now what’s more, using our premier service all collections that we make within an initial 30 day window… which we call our velvet glove phase… all collections made within this initial 30 day window will not cost you or your client a cent in commissions. We’re literally the only debt recovery agency in all of New Zealand who can quickly and amicably recover your accounts without charging a cent of commission. Now that is absolutely huge… both in terms of savings to you as well as saving customers for your business.

Now I know what you’re probably thinking, if we don’t charge commissions then surely we must charge outrageous fees to make up for it. Well I’m sorry to disappoint you but if that’s what you’re thinking… it’s actually wrong! Compared to the true value of your debt the upfront investment for our premiere service is ridiculously low and there are absolutely zero ongoing fees. You know your costs upfront and there are no nasty surprises.

And as if all this isn’t enough we also guarantee collection in this phase. Again, literally no other collection agency in all of New Zealand dares offer any guarantee on their collection process. But we do, which should tell you a lot about the power of our truly unique process.

So the net result, is rather than being a no-win, no-win, no-win as is the case with traditional collection agencies, with our recovery process you have winner, winner, winner. Every body wins.

So can you see the chalk and cheese differences here. Can you see how powerful this is and how powerful it’ll be for your business? And that’s why so many people are flocking to our model as a way of managing their debts and managing their cashflows as well as avoiding the problems associated with historical bad debt.

Now there’s one final fact that you need to understand. Now because traditional collection agencies only care about their commissions they really don’t care whether it’s you or your debtor who pays their commission. As such they have absolutely no interest in coming along side you and showing you how to collect your debts in house without being penalised by their fees and commissions. Their profits I’m afraid to say pretty much rely on your ignorance and hence it would be very counter productive for them to actually educate you and empower you how to recover your own debts in house. In effect they keep you caged and dependent on their services. In this way they can keep on milking you and your bad debts because they’ve done nothing to empower to reduce your need for their services. So that’s how traditional debt collection agencies operate.

However, we operate differently. We believe that you should not be penalised to recover money that’s rightfully yours. It’s your money so why should you pay anything to get it back. And what’s more we believe it’s better to prevent bad debts in the first place than having to chase them. As I’m sure you’ve heard before… an ounce of prevention is worth a pound of cure.

That’s why as part of our recovery process we actually work along side you and we add-on a system that empowers you to efficiently and effectively recover your own debts in house within 30 days. And we’ll also show you some high-power methods to prevent bad debts happening in the first place. So at the risk of sounding like a broken record, again we’re the only recovery agency in all of New Zealand who will empower you with these unique tools.

So I hope that’s given you a new insight in to how traditional collection agencies work as well as just how powerful our strategies are to your business. As you can see, it’s really a no-brainer when it comes to deciding which recovery service to go with.

So if you take your business and everything you work so hard to build seriously and you’d love to experience rapid and affordable debt recovery in your business, then simply click this orange button below, fill out the simple form, fax it back to me completed along with a copy of your terms of trade - of course if you have any - and I’ll take care of the rest. It really doesn’t get any easier than that.

I trust you’ll do the right thing for your business and your family.

Technorati Tags: bad debts, Debt Collection, debt collection agency, debt collection companies, debt collectors, Debt Recovery

Consumer Review Of Debt Collection Agencies

Not all debt collection agencies are created equal. Watch this video to see which debt collection agency will best serve your specific needs.

As you you can see, there’s a heap of debt recovery agencies out there and it’s easy to get overwhelmed and confused by it all. So in an effort to concisely summarise the key differences between my team and every other debt collection agency out there, I’ve created this video to give an apples-to-apples side-by-side comparison of what separates us from the rest.

Now because we work along side your debtors at a very early stage our recovery is fast.

Whereas with them, because they use bully boy tactics and because they get their debts referred to them late, their recovery is slow.

Again with us because we work along side your debtor at an early stage before there are any serious financial problems, we get very high recovery.

But with them, because it’s late in the piece, they’re often in deep financial trouble and there’s these bully boy tactics shutting down communication, well guess what, their recovery is low.

So with our high recovery we can pass on the savings to you. So our fees are very very low. In fact we’re the only debt collection agency in all of New Zealand that can offer you a commission free collection service. Again that represents huge huge savings for you.

Whereas with them, they have no alternative… because they have low recovery they have no choice other than to charge high fees. And of course they wouldn’t even dream of having a no commission collection service for you.

Because we work with your customers early and we do so in a respectful manner we enable you to keep happy customers.

But with their bully boy tactics they upset your customers and you actually end up losing them. So you actually have to go out and find new customers whereas with us we save you that enourmous expense and hassle.

With us, no one is penalised. So again, in our premiere service in our initial 30 day velvet glove period if you don’t have terms of trade that allow you to pass on collection costs you don’t get penalized. Conversely, if you do have the power to pass on collection costs on to your debtor well again in this thirty day period we don’t penalise them. So no one is penalised.

Whereas with them, because they’re using bully boy tactics from day one someone is always penalised… usually your debtors but often times you are as well.

Our fees are fixed. There’s no hidden surprises. there’s no nasty shocks. You know up front what our fees are going to be.

But with them, most of them have hidden costs. And there’s on in particular - now I’m not going to mention them by name but if you think of a debt collection agency in NZ their name will probably one of the first names that enters your mind.

Now with them they don’t usually have an upfront entry fee but they will charge you a fee for everything they do. So every time they ring a debtor, every time they send a letter, even if they’re ringing and they get an answer machine they will charge you spiraling fees.

So all the time, ching-ching… ching-ching your bill is skyrocketing out of control. And you have no power to control just how much you’re going to get stung. And what’s even more shocking is that if you for whatever reason decide to terminate the recovery process with that particular agency they’ll actually ping you with a substantial penalty fee.

So I’ve seen more times than i care to remember where clients that I’m seeing for the first time have gone to this collection agency and they’ve not had their debts recovered but they’ve actually been stung with a bill that’s almost as big as the original debt that they were chasing. And it’s no wonder they end up so bitter and twisted with that collection agency. I see it all the time.

And of course, we guarantee collections in the initial 30 day phase of our premiere service. We literally take away all your risk and actually guarantee that you will see a return on your investment with us.

Whereas they, they wouldn’t dream of putting any guarantee on any collection process. With them, the risk of un-recovered debts rests squarely on your shoulders. And that tells you just how powerful and effective our collection service is.

So I hope that’s given you a clear overview of the polar opposite ways our team can benefit your business as compared with traditional collection agencies. As you can see when it comes to choosing the best collection agency to go with it really is a no-brainer.

So if you take your business and everything you work so hard to build seriously and you’d love to experience rapid and affordable debt recovery in your business, then simply go to the bottom of this page, click this orange button, and you’ll see a form. Simply fill out that simple form, fax it back to me completed along with a copy of your terms of trade - of course if you have any - and I’ll take care of the rest. It really doesn’t get any easier than that.

This is the debt doctor wishing you every success.

Technorati Tags: bad debts, Debt Collection, debt collection agency, debt collection companies, debt collectors, Debt Recovery

How To Handle Disputed Debts Quickly And Painlessly

Got a debtor disputing their debt? Watch this video and discover what you should and shouldn’t do to ruthlessly avoid being ripped off.

Here’s another priceless video that may well save you an enourmous amount of cash and more importantly an enourmous amount of grief. After watching this you’ll never be made a fool of again.

With the current economic squeeze tightening its grip bankruptcy and company liquidation rates are skyrocketing. And with desperate times calling for desperate measures, more and more debtors are resorting to dirty underhanded tricks to get out of paying their bills.

And without doubt one of the dirtiest, most ruthless and most powerful of such tactics is falsely disputing a debt. Now if you’ve never had a debt falsely disputed in a desperate effort to get out of paying take it from me, few things in business can be so physically, emotionally and financially debilitating.

Now there’s a piece of insider knowledge that professional debtors are very familiar with that you probably aren’t and that’s the fact that almost without exception whenever a debt collection agency is presented with a disputed debt they’ll throw that live grenade right back in your lap faster than you can say “Holy cow Batman.”

It really doesn’t matter if the debtors claim is legitimate or clearly bogus, debt collection agencies don’t care. They’ll flat out refuse to pursue such debts. They know through experience just how expensive and time consuming it is to get in the middle of two parties disputing a debt.

Focusing on their own commissions over comprehensive customer care such collection agencies view disputed debts as economically un-viable. Hence rather than helping you crush an obviously bogus dispute they dispassionately leave you to sort it out for yourself. In your hour of greatest need, they abandon you, tossing you to the wolves.

But trying to sort out a dispute, even if its blatantly fraudulent, is as financially crippling as it is emotionally infuriating. The legal costs alone can very rapidly dwarf the size of the unpaid account.

So right about now you might be wondering, what can I do to protect myself being stung by bogus disputes.

Like most things in life, there’s a simple answer and there’s a more complicated answer.

Now I’m guessing you want to hear about the simple answer. Not being one to disappoint, let me tell you.

The first step to protecting yourself from falling victim to a bogus dispute is to NEVER refer your debts to a debt collection agency that does not have battle hardened systems to handle both genuine and bogus disputes.

That’s why it’s imperative that before you sign any agreement with a prospective debt collection agency you get them to verify exactly how they handle disputed debts. If they don’t laugh in your face they’ll tell you in a matter of fact tone that debt collection agencies don’t deal with such debts. They’ll tell you they are debt collection agencies, not disputes mediators. If this is the answer you hear, hang up the phone immediately. They clearly don’t have your best interests in mind.

Now despite the overwhelming majority of debt collection agencies having nothing to do with disputed debts, you’ll be glad to hear that there are a two or three that are geared to manage disputes on your behalf.

My team for instance, prides itself on its extremely cunning and sophisticated strategies for quickly and ruthlessly exposing bogus disputes for the shameless acts of deceit that they are and relentlessly hounding them to cough up what they owe you. Without going in to nitty gritty detail, as a routine course of action, we always screen a new debt for any grounds for dispute.

As part of this screening process we give the debtor 7 days to register with us a dispute in writing. If they register a debt within this period we then systematically liaise with both yourself and your debtor to quickly and fairly resolve the dispute. If necessary, we will go as far as mediation, a service in which we’re incredibly adept.

However, if the debtor does not register their dispute with us in writing within this 7 day window, from that moment on we regard the debt as undisputed and proceed to deal with the debtor for what they are… someone who owes you money without just cause to withhold it from you… even if they subsequently attempt to register a dispute after this 7 day window has closed.

So in summary then, the easiest way to protect yourself from being burnt by bogus disputes is to only ever engage the services of a debt collection agency that’s fully equipped and experienced in handling disputes on your behalf.

Now as effective as our disputes-management systems are, we can also arm you with an extremely powerful tool that cuts bogus disputers off at the knees. What’s so beautiful about this secret weapon is that it gives you bomb-proof protection before the debtor even defaults on payment, let alone even thinks about throwing out a bogus dispute. So if they have the audacity to try it on with a bogus dispute, you just pull out this piece of paper, rub their noses in it and proceed to recover your money in the knowledge that you have the full support of the law behind you.

So if you’ve ever had a debt disputed or you’ve got one on your hands now then the best thing you can do for your business, not to mention your mental health, is to print off a form below and fax it back to me complete along with a copy of your terms of trade if you have any. Once we’ve got you covered with our debt collection disputes management systems, I’ll be happy to discuss comprehensive prevention of bogus disputes in your business should this be something you’re interested to have working for you in your business.

Bottom line, if you’ve got any debts at the moment, what ever you do do not hand them over to a collection agency that can’t or won’t handle disputes on your behalf.

So I hope that’s been helpful and as always I look forward to talking with you again soon.

Technorati Tags: Debt Collection, debt collection agency, debt collection companies, debt collectors, Debt Recovery, dispute debt, dispute mediation, dispute resolution

3 Tips To Find Best Debt Collection Agencies In Auckland

Watch This Video To Discover 3 Tips To Find Best Debt Collection Agency In Auckland.

If you’re a Auckland business owner looking for a top notch Auckland debt collection agency to recover your bad debts quickly, painlessly and affordably before you do anything watch this video!

You see, the truth of the matter is that not all Auckland debt collection agencies are created equal. And if you get this wrong, if you pick the wrong collection agency chances are you’ll lose hundreds, thousands, and quiet easily tens of thousands of dollars both in lost collections as well as in predatory collection fees and commissions.

However, what you probably don’t know is there are 3 Insider Secrets to finding an Auckland debt collection agency that if you knew about would save you a ton of money as well as recover more of your debts faster… all without exposing you to the usual headaches and frustrations that so often go with debt collection.

Now while I could easily tell you which agencies to go with and which ones steer well clear of the fact of the matter is I’m biased.

So rather than expect you to take my word for it I’ve created this short video - along with an accompanying Debt Collection Agency Dog and Lemon Guide which covers finding the best debt collection agents in much greater detail - to empower you to quickly and accurately sort the diamonds from the dust.

Bottom line… only a fool would ring a debt collection agency without knowing these three questions.

Technorati Tags: auckland, Debt Collection, debt collection agency, Debt Recovery