The task of debt recovery is often a daunting one. Many business owners struggle to keep past-due accounts in check, and simply do not have the time or resources to do so. Debt collection is a full-time job in and of itself. It often becomes absolutely necessary to utilize the services of outside debt collection agencies.
ECS focuses on the collection of obligations for corporate creditors, medical service providers, professionals and other entities that provide goods and/or services on credit in the regular course of business. ECS effectively and efficiently locates assets and enforces judgments.
Businesses can lose hundreds of thousands of dollars each year due to delinquent accounts. Successful debt collection begins with immediate action. The longer a debt is outstanding, the more difficult it is to recover the obligation. For the most favorable outcome, it is essential not to wait more than 90 days to begin the recovery process on past-due accounts. This is where ECS comes into place.
ECS' collection process begins with a formal letter to the obligor. If we do not receive a response, we generate a detailed credit report, providing the debtor's contact address, phone number, banking history, and all other information which is essential in the recovery process.