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Updated about 4 years ago on . Most recent reply

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Sheryl Sitman
  • Rental Property Investor
  • Philadelphia, PA
314
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collection Agency Recommendations

Sheryl Sitman
  • Rental Property Investor
  • Philadelphia, PA
Posted

First experience with someone not paying for services I provided. Any recommendations for a one time collection agency? I know they will take a significant portion of what is owed but seems to be the most straightforward way to try to get the money and presumably the client cares about their credit. 

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Christopher Smith
  • Investor
  • brentwood, CA
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Christopher Smith
  • Investor
  • brentwood, CA
Replied

I obviously don't know your fact pattern, but unless the amount is really significant attempting to collect from deadbeats (with or without an agency) is pretty futile. It's usually not worth the time and resources invested.

The one time I used an agency they did little to nothing to actually make a recovery. I've only had two or three delinquencies in 20 years so others may have had more experience, but I would be surprised if many have had much success even with a collection agency.

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