Olddepts.com

Discussion in 'Business Operations' started by Keegan, Jan 5, 2007.

  1. Keegan

    Keegan LawnSite Senior Member
    from CT
    Posts: 606

    Anyone use another collection agency besides olddepts.com? They seem to want to charge for every little thing. I looked on some other agencies web sites and most want a %.
     
  2. carcrz

    carcrz LawnSite Silver Member
    Posts: 2,085

    Just have them tack it on the customers bill.
     
  3. topsites

    topsites LawnSite Fanatic
    Posts: 21,653

    My late fee includes the $10 it costs to get the Instant Collect + Credit record package.

    That's because before I send it to them I already done went through the process of attempting to collect myself, so olddebts to me is the final step.

    And, to me it's more about the credit record than the collections procedure itself as I would think if I was not successful, surely an out of state agency can't do but so much, if for no other reason than the FDCA limits what a collection agency can do even more than it limits what I can do.
     
  4. paponte

    paponte LawnSite Silver Member
    Posts: 2,366

    I sometimes use old debts as a "soft" collection. When I feel just a couple of letters will get me paid. As other s have stated any collection fees come out of the clients pocket... not mine. When I feel there will be a problem collecting, I send the paperwork directly to my lawyers office. They will collect by all means and do what is necessary. Also like others have said it gets to a point where it's not about the money, but more about getting back. :)
     
  5. Patriots

    Patriots LawnSite Member
    Posts: 185

    Sue 'em all - its the only way I have found to get paid.
     
  6. jsr2741

    jsr2741 LawnSite Senior Member
    Posts: 392

    I used it and it worked for me. However you cannot add additional fee's unless you have a contract which states that.
     

Share This Page