Blog

Listening-One of the most effective strategies in collections

You might perceive that all calls from a collection agency are nothing more than a standoff between a consumer and a debt collector. However, that is far from an accurate representation of how today’s interactions with consumers unfold. In fact, here it is quite the opposite.

And despite the media’s perception of the collection industry, when we get people on the phone, and we get to a place where a cordial conversation begins to occur, we go to great lengths to get to know the consumers we are calling.

Let’s use the example of any interaction between a consumer and a business. Is that consumer going to be receptive to what they hear from the business if […]

2021-03-02T09:22:02-05:00March 2nd, 2021|Categories: Advice for Businesses|

Heading to Vegas

By Angela:

At American Profit Recovery we do more than collect money for our clients. We have fun together, raise money together and work hard together. As the years go on one thing always remains the same, our employees look forward to our annual “Employee Week”. During this week we raise money for Summer Charities of Choice and Adopt a Family and have a lot of fun doing this. It could be anything from Trivia, running around the office with a spoon trying not to drop a golf ball, or even getting an Oreo in your mouth that is placed on your forehead (you gotta see it to believe it). All of these events lead up […]

2021-02-21T15:35:19-05:00February 21st, 2021|Categories: Team APR|

How to choose a medical debt collection agency

If your practice has been looking through a list of medical collection agencies in search of just the right fit, we want you to take a moment to read some of the tips that our experts here have come up with. Choosing the right partner to work with your patients and handle payment arrangements is a critical part in managing not only your cash flow but your reputation.

The last thing you want to do is lose a hard-earned patient over a medical bill that could have been resolved diplomatically and with care. It’s not enough to just call an agency and hand over your late accounts. To keep your patients coming back and avoid awkward […]

2021-02-09T08:47:04-05:00February 9th, 2021|Categories: Advice for Businesses|

Important aspects of cash flow you need to know

Cash flow is the backbone of any business, including yours. It does not matter the size or nature of your organization. Without healthy cash flow, your business will suffer in many ways. Staying on top of this and ensuring your business is always working in positive cash flow should be one of your top concerns if you are running any size business.

As a collection agency working with large businesses and small organizations, we tend to be on the front lines of helping these companies improve cash flow. While many we work with take a proactive approach and have a robust accounts receivable program, we find many companies utilize debt collections when they cannot resolve that […]

2021-07-23T14:13:22-04:00January 18th, 2021|Categories: Advice for Businesses|

Business survival tips for the next several months

The year 2020 has been a long and stressful road for so many in business. We are sad to see what this past year has done to so many companies that appeared to be thriving at the beginning of 2020. While many businesses can understand and prepare for the ups and downs of the economy, we have yet to find anybody with a plan for what a pandemic could do to business.

Now that many of us have learned several lessons from the past 12 months and a vaccine seems to be on the horizon for most of us, it is time for us to buckle down and survive the coming months to be better for […]

2021-01-22T09:09:31-05:00January 16th, 2021|Categories: Advice for Businesses|

Why this collection agency tracks consumer compliments

You might not think to place the words collection agency and compliments in the same sentence, especially when it comes to the consumers debt collectors are calling. But let us take a few minutes to explain to you why those two do indeed belong in the same sentence and discussion.

We have been tracking consumer compliments for well over a year now. And to confess, if we knew how much of an enormous impact it was going to make on our company and our team, we would have been doing it a lot earlier.

“Thank you so much. I appreciate you being able to work with me and work around everything that’s going on.”

“Thank you for working […]

2021-01-18T09:38:36-05:00January 14th, 2021|Categories: Advice for Businesses|

Hiring the right collection agency has its advantages

In the not too distant past, a business that hired a collection agency was doing so as a last resort. They had customers that were not paying; they called, sent letters, and decided the only thing they could do was to get rid of that customer and send them to collections—a far cry from how a collection agency can help a business today.

When you use an agency today, you should be thinking a little differently about the results you want to gain from that relationship. When you hire the right company to handle your collections, what comes with that relationship are many benefits. And if you think beyond just the bill that your customer has […]

2021-01-18T09:47:36-05:00December 8th, 2020|Categories: Advice for Businesses|

I am thankful

With Thanksgiving recently upon us, I could not help but stop and think about all the things I am thankful for this year. 2020 has taught many of us to be grateful for the little things like family, socializing, health, and simple things like being able to grocery shop. I am especially grateful that I chose to work at such a phenomenal place as I approach my third-year anniversary at American Profit Recovery.

Working as a collector I hear stories from consumers all around the nation about their struggles during this global pandemic. Many have lost jobs, loved ones, steady income, and things some of us will never be able to comprehend. I put myself in […]

2021-07-23T14:13:54-04:00December 7th, 2020|Categories: Team APR|

Your business hired a collection agency. Now what?

If your organization has had challenges getting customers to pay or pay on time, you have most likely taken steps to work with a collection agency. The right agency will help you get back on track and help your customers find a solution to their ongoing debt.

You have probably interviewed a few collection agencies, and you have finally chosen a company that you can work with, and that fits your needs. You may be asking yourself and your team how you can make this work and achieve the results that your company needs to see.

Let’s discuss some of the ways you can make this relationship work.

[…]

2021-01-18T09:57:23-05:00December 4th, 2020|Categories: Advice for Businesses|

People are passionate and emotional because they care

By Greg:

2020 is clearly going to be remembered as the year of the pandemic.  Covid-19 dominated the news, and no one can deny how much it has impacted our lives.  For some it brought illness and grief, for others it brought unemployment and struggle, and for the fortunate ones it brought inconvenience.  However, I believe that it revealed some basic truths about us as people, and what we truly care about.  No, I’m not talking about stocking up on canned goods, bottled water, and toilet paper.  I’m also not talking about the strength of our internet bandwidth, or even our political beliefs.  What I am talking about are the fundamental things that all people […]

2020-12-22T08:50:41-05:00December 2nd, 2020|Categories: Team APR|
Go to Top