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St. Louis Collection Agency

Make An Appointment Today! Call Us at +1 (866) 558-3328

St. Louis Collection Agency

St. Louis Collection Agency

We’re a collection agency located in St. Louis that helps businesses collect money owed to them. Our collections services include medical collectionsutility collectionsretail collectionsapartment collections, and more.

Ever since the housing market collapsed in 2008—which directly caused the Great Recession—Americans throughout the country have experienced higher debt and lower credit scores. However, the average Missouri credit score remains considerably high, maintaining a steady average of 674. While the national average is now a bit higher, resting at 695, Missouri’s average credit score is still considered close to prime. However, nearly 15% of Missouri residents are seeing a steady decline in credit, meaning the average could change in the near future.

When it comes to debt, the average Missouri resident owes $5,431. While this seems fairly high, it’s actually better than over 70% of the country. The same goes for the average mortgage debt in Missouri; while the national average mortgage debt is $163,309, Missouri’s is only $134,760. However, many businesses suffer due to overdue accounts and unpaid debt—that’s where Southwest Recovery Services comes in.

Who Should Hire A Collection Agency in St. Louis?

If someone owes you debt, it’s highly recommended to hire a collection agency to collect for you. Unfortunately, individuals and businesses who attempt to collect debt themselves end up wasting time, money and valuable resources only to end up never collecting the money. Debt collection is a highly technical process that requires experience, skill and professionalism, and takes much more than repeated phone calls and emails.

When it comes to collecting debt, time sensitivity is by far the most important aspect for success. In fact, statistics prove that the more time goes by, the lower the chances of ever seeing your money. Based on our experience, most businesses hire a collection agency after about 90 to 120 days. However, we highly recommend hiring a collection agency after the first 30 days of an unpaid invoice. After 120 days, you’re much less likely to ever recover the debt.

The following circumstances reflect the need for a collection agency: 

  • Customers don’t respond to your first attempt to collect payment. This is especially true there isn’t a payment history with the customer.
  • After agreeing on a payment plan, the customer doesn’t follow through. Customers who don’t pay after an agreement are statistically shown to never pay.
  • The client denies responsibility for the debt. These cases hardly result in any payments, much less resolving the debt.
  • The customer makes complaints about your business as an excuse not to pay.
  • The customer has a history of financial irresponsibility.

If any of the above apply, the best option is to hire a debt collection agency. Professional collection agencies are trained in effective debt-collecting techniques and are able to utilize various tools in order to collect. Instead of wasting resources trying to accomplish a highly technical task, hiring a collection agency gives you peace of mind and a greater chance of seeing your money. Collection agencies are able to fully focus their time, energy and skills on collecting debt while using the required industrial knowledge and toolset.

Additionally, Southwest Recovery Services is a contingency-based agency. This means you don’t pay a dime unless we collect money on your behalf. You decide up front how much you’ll accept to settle an account, and you only pay a percentage of what we collect.

Get Your Money Back With Southwest Recovery

Southwest Recovery Services helps St. Louis businesses and organizations collect the money they are owed. For more information on how we can help you collect a debt, contact us today.

St. Louis Collection Agency Office

Southwest Recovery Services
12747 Olive Blvd., Suite 300
St. Louis, MO 63141

Phone: 314-370-6400

Why Work With A Collection Agency?

Southwest Recovery Services uses the latest technology and techniques when collecting debt, and abide by the Fair Debt Collection Practices Act. Whether you have a single invoice or thousands of past due accounts, we have the professional experience and skillset to help you collect your debt. 

Debt collection is a specialized skill. We are a dedicated collections team that is equipped, properly trained and compliant with federal, state and local collection laws. Above all, we prioritize integrity and reputation when collecting debt. 

Simply put: running collections operations in-house or on your own yields very poor results and drains resources. Outsourcing collections efforts saves you money, time and delivers superior results—as well as your money back.

What We Need

To boost your chances of recovering the debt, we need as much information as possible. Typically, the following information vastly increases your chance of collecting the debt and getting your money back: 

  • Name, address, and telephone number(s). These include any email addresses or mobile numbers.
  • Names of spouses, friends, relatives, and/or neighbors.
  • If applicable, any information about the debtor’s response to your collection efforts.
  • Details about the original transaction.
  • Paperwork related to the transaction. These include contracts and applications.
  • Bonus information: nicknames, maiden names or aliases.

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