Texas wields much economic power. Despite the oil industry experiencing a recession, Texas still counts for about 17% of the entire country’s national income. Compared to the national average, Texans’ mortgage and student loan debt is low; when it comes to credit card debt and credit scores, however, Texas is high—far above the national average. In fact, Texas is among the top states with the highest credit card debt. However, the average individual debt rate varies depending on location and county. For instance, Southlake, University Park, and Colleyville have the lowest rate of debt throughout the state—Houston is among them.
Expert Debt Recovery Services in Houston
While there are definitely ways to go about collecting debt yourself, after a certain point hiring a professional is simply the smartest and most effective choice. This is especially true if you have a business to run; dealing with past-due accounts after a certain amount of time drains your energy, time, resources, and patience. These are all a valuable supply that should go towards your business—and not delinquent flakes.
Another vital reason why it’s important to use a collection agency is time-sensitivity. The more time that goes by, the less chance you have of actually seeing your money. Based on our experience, most businesses use a collection agency after about 90 to 120 days of a past-due account not making any payments. After 120 days, you’re much less likely to ever recover the debt.
When there’s no payment history with the customer, the chances of them refusing to pay is much higher.
Customers who still don’t pay after you’ve both agreed on a payment plan are least likely to pay.
In this case, your chance of recovering the debt is rare unless you hire a collection agency.
If the customer complains about your business, services, or products as an excuse not to pay, oftentimes these complaints are quite literally just an excuse not to pay.
It is more likely you will need a debt collection agency to intervene with a person who has historically made unwise financial decisions.
If any of the above apply or you find yourself out of options with a delinquent customer, any further attempts to collect the debt are best left to a professional bill collector who knows the appropriate way to collect debts. Best of all, as a contingency collections agency you don’t pay a dime unless we collect money on your behalf. You decide up front how much you are willing to accept to settle an account, and you only pay a percentage of what we are able to collect.
Benefits of Hiring a Professional Houston Bill Collector
Simply put: when you add up the cost and risk running collections operations in-house, it’s clear that outsourcing collections efforts saves money, time, and delivers superior results. Start Collecting Today!
Contact UsDebt collection is a specialized skill. To maximize results, you need a dedicated collections team that is focused, equipped, properly trained, and compliant with federal, state, and local collection laws.
Southwest Recovery Services utilizes a number of tools for collecting, such as technology, partnerships with agencies and attorneys, and highly trained and professional bill collectors.
We prioritize integrity and reputation among almost all else when collecting debt; any agency that uses shady methods to collect damages your reputation, costing you current—and future—customers.
Southwest Recovery Services uses the latest techniques and abides by the Fair Debt Collection Practices Act when collecting debt.
Whether you have a single invoice or thousands of past due invoices, we can help your company collect the money you are owed—fast.
Getting Started With Debt Collection Services
To boost your chances of recovering the money owed, we’ll need as much information about the debtors as possible, such as:
- Names, addresses, and telephone numbers (including cell and email address)
- Names of any spouses, friends, relatives, and neighbors
- Information on the debtor’s response to your efforts to collect—if any
- Details about the original transaction
- Any paperwork related to the transaction (contracts, applications, etc.)
- Nicknames, maiden names, aliases, etc.
