Commercial Debt Collection
Our commercial collections division is industry-renowned for its ability to recover commercial debt. Employing the most professional and effective commercial debt collection techniques and strategies, our team is unmatched at successfully recouping outstanding balances.
Our state-of-the-art B2B debt collection technology and skip-tracing tools give our team the added advantage in the recovery process, which is why established companies from around the world have continued to rely on us as a trusted commercial collection agency. Our clientele includes companies both large and small and in multiple business sectors.
As a final effort, our complimentary Demand Notice ServiceTM is designed to help clients engaged in commercial transactions avoid unnecessary debt collection proceedings with customers that merely need a little more than just an invoice or bill to pay their past due accounts.
Saving you the money and time involved in formally forwarding the account into collections, our Demand Notice ServiceTM reaches out to your customers by giving them a limited time to pay or resolve their outstanding balances.
If payment is sent within the allotted time frame, you pay nothing, and we'll send your customer an e-receipt for their payment for commercial debt collection. It's just another way Cedar Financial helps you get the money you're owed - fast, which makes us one of the top international commercial debt collection agencies across the globe.
Step 1:
A final notice is sent to the debtor via email and regular mail with your direct contact information inserted into our notice template allowing the debtor a limited time period to pay or resolve the outstanding balance due with you directly. The notice warns the debtor that unless the matter is resolved within the time given, the balance will be turned over to our agency for immediate collection.
Step 2:
Should the debtor make payment(s) within the time prescribed, there will be no fee or obligation to our agency for the notice service.
Step 3:
Should the debtor fail to pay by the final date expressed on the notice, the account will roll over into our database for immediate adjuster demand and standard contingency rates will apply. Our Demand Notice
ServiceTM avoids unnecessary collection proceedings and enables you to maintain your relationship with your customers. If the debtor pays within the time
Our Demand Notice ServiceTM avoids unnecessary collection proceedings and enables you to maintain your relationship with your customers. If the debtor pays within the time prescribed, you report the amount paid, and our agency will automatically send an e-receipt to the debtor for payment.
Sometimes all your customers need is a little "notice." Our Prepaid Notice Service TM is a final opportunity for customers who need a nudge to get their past-due accounts current.
A company's accounts receivable is usually its second, if not its first, most important asset. It's a far cry from just a debit figure on the balance sheet and reflects all the resources a company harnesses to manufacture, ship, and sell its products - all on a promise they will be paid at some point soon.
At Cedar Financial, we fully understand that when an accounts receivable is not paid, especially when it's significant, the impact can be devastating. Depending upon the time past due and the amount outstanding, not only may cash flow be severely hampered, but in some cases, a company's operation may come to a complete halt without timely debt collection.
Therefore, in view of supporting every company's credit risk management system, Cedar Financial's commercial debt collection services comprise the following goals, standards, and procedures:
Contact us regarding your domestic or international commercial B2B debt collection needs. We are confident that our services will surpass your standards and expectations.
Commercial debt collection involves the process of recovering unpaid debts owed by businesses to other businesses, also commonly known as B2B debt collection. It typically includes collecting overdue payments for goods or services provided on credit terms to other businesses.
Commercial debt collection involves several steps:
To hire a debt collection agency, consider the following steps:
The Fair Debt Collection Practices Act (FDCPA) primarily applies to consumer debts, not commercial debts. However, some states may have their own regulations governing commercial debt collection practices.
Commercial collection refers to the process of collecting overdue payments and outstanding debts owed by businesses to other businesses. Again, this kind of collection is also often called B2B debt collection.
To collect commercial debt effectively:
A commercial collection agency specializes in recovering outstanding debts owed by businesses to other businesses. These agencies employ professionals skilled in negotiation, communication, and legal processes related to commercial debt collection.
B2B commercial collections refer to the process of collecting overdue payments and outstanding debts between businesses, also known as business-to-business debt collections.
To find a commercial collection agency:
In-house Counsel - Should a claim require additional legal support, our in-house counsel is the next step in the commercial debt collection process, providing our clients with a one-stop collection shop. Without any change in our contingency collection rates, our in-house counsel will continue to professionally encourage your customers to fulfill their payment obligations.
Keeping You Informed - Every claim, whether domestic or international, is given personalized and customized attention from many perspectives. Status update reports, feedback, and advice towards the resolution of each claim are provided to you promptly.
Well Vetted Creditor's Rights Attorney Network - When your customer and claim is out of our jurisdiction, over the past twenty-five years we have forged the best legal representation around the nation and around the globe giving our clients continued worldwide support at no additional costs.
Our Network and Our Agency Are One in the Same - Our long-term network of vetted contingency-based creditors' rights attorneys is an extension of our company's core values and operating procedures. Every claim that is placed through our attorney network receives the same close monitoring and follow-up as in-house. The efficiency of our Case Management System enables you to deal with any other party in the collection of your claim. Again, we are your one-stop collection shop.
