Michigan Business Debt Collector Demystifies the Beginning of the Collection Process
Michimich.com/10268782

CLAWSON, Mich. - Michimich -- Do you know when it's time to reach out to a debt collector for help?

How does the debt collection process start?

For people who haven't enlisted the help of a debt collector before, beginning the process can seem intimidating. The process isn't exactly common knowledge, which makes it even scarier. In reality, filing for collection is actually very easy and painless! Here is a brief breakdown of beginning the process.

The age of a delinquent account is one of the biggest factors in determining whether or not a debt gets paid. The older the debt, the harder it is to collect. A rule of thumb to remember is that after three months, the probability is that you will only collect $0.73 of each dollar delinquent… after six months, only about $0.54 of every dollar... and after one year, the best expectation is that only about $0.26 of every delinquent dollar will be collected. The best time to enlist the services of a commercial debt collection agency is 60-90 days of the invoice due date. Incorporating this strategy will help ensure maximum recoveries with the least cost to your company.

More on Michimich.com

• Assent Unveils Extended Producer Responsibility Packaging Solution to Simplify Compliance with Expanding Packaging Laws
• KatalisCoin: "Too Secure" for Bad Actors - Platform Embraces "Excessive Compliance" Criticism
• Keyanb Exchange Implements Enhanced Security Protocols Amid Industry-Wide Trust Challenges
• TSWHZC Platform Combines Automated Portfolio Management with Proof of Reserves for Brazil Market Entry
• AureaVault Positions Digital Asset Infrastructure for Shifting Monetary Policy Environment

To get started:

• Review your aging report to determine which accounts are getting close to 60-90 days past-due with no communication
• Gather your supporting documents which substantiate the balance owed (Signed agreements, terms and conditions, invoices, statement of account, proof of delivery, etc.)
• Complete an RSD Claim Placement Form
• Email the claim to claims@rsdcollects.com or upload your claims securely on our client web portal
• RSD will do the rest!

Read the full article on the RSD website: https://www.rsdcollects.com/debtcollection/commercial/when-to-place-account-for-business-debt-collection

Learn More About Business Debt Collection with the Experts!

The expert business debt collectors at RSD are here to demystify the debt collection process and give you the courage to pursue money owed! With an agency certified by the Commercial Law League of America and endorsed by the International Association of Commercial Collectors, you are guaranteed competence and peace of mind. If you're ready to place a claim, or just have additional questions, call (248) 370-8160 or submit a contact form here: https://www.rsdcollects.com/contact

More on Michimich.com

• JQRBT Unveils High-Speed Trading Infrastructure Designed for Growing Institutional Crypto Market
• New Leadership and Renovations Usher in Next Chapter for Sunrise Manor
• Who Will Win the 2025 WNBA Finals? OddsTrader Shares Live Betting Odds and Projections
• Geeks5g Creative Marketing: The Powerhouse Behind Business Growth
• Two new inductees selected to the Trenton Educational Foundation's Wall of Fame

About Ross, Stuart & Dawson, Inc: Located in Clawson, Michigan, RSD is a commercial debt collection agency that focuses on professionalism, kindness, and most importantly, results. RSD operates both domestically and internationally in over 120 countries. Locally they serve Detroit, Grand Rapids, Lansing, the Upper Peninsula, and more. RSD is 1 of 26 agencies considered a "certified agency" by the Commercial Law League of America and is endorsed by the International Association of Commercial Collectors. https://www.rsdcollects.com/