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.

How To Handle Disputed Debts Quickly And Painlessly