Brennan & Clark employs collections agents who know all too well the troubles creditors go through mainly because of businesses that don’t pay on time. The firm believes that creditors reserve the right to resort to legal action when debtors fail to meet the deadline of payment.
Creditors give debtors all the chances and means to pay on time. Generally, creditors send emails, text messages, and call businesses that owe them money to notify these debtors about upcoming deadlines. This happens around a few days to a week before the due date.
The calls then continue even after a deadline. Though creditors may have different lengths of time before they hire business collections agencies for help, the average time is a week after the due date.
However, if push comes to shove, creditors impose their rights to which they are very much entitled to. Aside from hiring collection firms such as Brennan & Clark, they also seek the services of lawyers whose area of expertise is debt collection. Collection attorneys, as they are known, file cases against delinquent businesses and are the lead representatives if the cases reach the courts.
For small business owners who’ve secured personal loans for their businesses and are unable to pay their loans, aside from facing the closure of their establishments, they may also have to give up any assets they may have put on collateral, to which once again, creditors are entitled to.
Brennan & Clark is a business collections firm that has been in the business for over 30 years. The firm’s management team has been together for the past 20 years, and the combined experience and expertise of its staff enables the company to guarantee higher average recovery rates than the industry average. For more reads on debt collection, visit this blog.
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| Image source: DontMessWithTaxes.com |
The calls then continue even after a deadline. Though creditors may have different lengths of time before they hire business collections agencies for help, the average time is a week after the due date.
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Image source: ClientsArm.com
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For small business owners who’ve secured personal loans for their businesses and are unable to pay their loans, aside from facing the closure of their establishments, they may also have to give up any assets they may have put on collateral, to which once again, creditors are entitled to.
Brennan & Clark is a business collections firm that has been in the business for over 30 years. The firm’s management team has been together for the past 20 years, and the combined experience and expertise of its staff enables the company to guarantee higher average recovery rates than the industry average. For more reads on debt collection, visit this blog.
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