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Thread: Collection Companies...
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05-24-2003, 09:43 AM #1Web Hosting Master
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Collection Companies...
If you have people who haven't paid... are they really worth it?
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05-24-2003, 10:00 AM #2Disabled
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Not for $5 bucks a month or $50 bucks. But when it involves say $100 +, than I'd send them to collection agencies.
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05-24-2003, 10:30 AM #3Web Hosting Master
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Ahh.. but are there downsides? Can something go wrong?
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05-24-2003, 10:41 AM #4Disabled
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You tell the collection agency how much they owe you, somtimes the collection agency will give you the money and than go after the person and get their money back or they will go after the person and when they get the money, give you it and take a % away. It depends on the amount of money involved.
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05-24-2003, 12:23 PM #5Disabled
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How long do collection agencies take usually?
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05-24-2003, 01:14 PM #6Web Hosting Master
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Originally posted by intricate
How long do collection agencies take usually?
Most debt collection companies won't accept small accounts like $5 just because it's basically unprofitable for them to even try to collect on accounts like that. Even accounts like 20 dollars, they may reject.