Why Outsource Your Debt Recovery
Uncollected Accounts Receivable and other debts owing to your business can have a devastating effect on your organization's cash flow. Outsourcing your commercial debt recovery to professionals, yields powerful benefits including:
- Cost savings
- Reduced delinquencies
- Improved productivity
- Higher recoveries
- Improved profitability
Wasting your precious resources attempting to recover your own debts is counterproductive. The more time and money your company spends trying to recover from debtors, the less time and money you will have to generate additional revenues. It is simply good sense to outsource the recovery of your A/R and other debts to a full-service firm that specializes in collection services.
The longer an account goes uncollected, the less likely you are to recover the full dollar amount of the debt. Consequently, the value of your uncollected dollars decreases over time.
Timely Remittance of Your Money
All client monies are cleared through a protected client trust account. LDJ remits payments to clients within 20 days from the date of deposit into these accounts (foreign deposits require additional time). Large collections can be wired into client accounts on the 14th day following the day of deposit.