Business relationships have been strained by the Coronavirus. Unfortunately, revenue for many companies has plummeted and long-standing agreements have been altered. This fact of life in 2020 is among the many difficult changes we’ve had to adapt to. Unfortunately, not all have been able to make a seamless transition. Companies who have dutifully continued to supply their goods and services to clients still expect to be paid; the recipients of goods and service that may not have the funds to make good on their debts have largely gone into hiding. If you’re facing this situation, a commercial collection agency may be the best way to rectify it. HF Holdings has the staff, skills and experience required to track down debtors and recover past-due payments. This mission is what commercial collections is all about and if your business is starting to suffer due to inactions by others, it’s time for you to act.
Hitting a wall: If you’ve already made your own attempts to collect your business to business debt and haven’t had any luck, it is high time you hired a commercial collection agency like HF Holdings. Customers who owe you funds most likely have that amount available in their savings – they’ve just opted to avoid your invoices. Amicable collection efforts aren’t always enough and that’s why legal action is an option when you choose to work HF Holdings. What’s more, we always confirm this step with our own clients before proceeding. Often, legal action is a last resort and there are fees associated with legal filings, so we want our customers to be aware of that cost upfront so they can make an informed business decision.
Opening up the books: Amassing debt isn’t a good business practice, but it’s occurring with businesses all across America. According to the U.S. Census Bureau Small Business Pulse Survey, just under 80 percent of U.S. small- to medium-sized businesses have been pinched by the Coronavirus. In a recent magazine article, one franchise store owner in California discusses not having any debt, but he still isn’t sure how to pay the bills while the pandemic rages on. This is a prime example for companies considering a firm that offers commercial collection services. A thorough investigation of a debtor’s finances, conducted by commercial collection experts, will “open up the books” and find the money you’re owed.
The other side of the coin: If your business is struggling financially due to lack of payments from debtors, that’s simply unfair. The upshot of services from a commercial collection agency is that the amount you are owed – which will be put to good use once received – is recoverable. Whether it involves tracking down corporate officers, locating company assets or using skip-tracing to get the job done, commercial collection agency like HF Holdings won’t rest until the job is done.