NSF Returned Checks
A business often times receives bad checks despite their best efforts to avoid them. When this happens, the first reaction is to immediately pick up the phone and contact the customer. While that may work in some instances, there is a much higher chance of success if that business instead, turns over all of their bad checks to a national collection agency and allow that collection agency to collect on their bad checks for them. Business owners have much more important things to do with their time than worry about collecting on a bad check and worry about spending their resources of time and money to chase down customers who wrote bad checks.
You may be wondering what to do when you get a bad check. It is sometimes unavoidable and rather than flounder in uncertainly you can follow these quick, simple steps to help you get back as much of that money as possible.
When you first receive a bad check you will generally get a notice from your bank informing you that the check has been denied. Once this happens, you have the option of trying to track down the customer who wrote the bad check or handing the check off to a national collection agency to locate the customer for you. When you consider what to do when you get a bad check you must remember that the skills you used to create your successful business were not built around collection and cold calling bad customers. These skills will be much better served to continue focusing on what your business does and leave debt recovery due to bad checks to those who are best suited to handle this specific issue.
When deciding what to do when you get a bad check, remember that a national collection agency collects on bad debts day in and day out. They are trained professionals and their staff is highly skilled at negotiation. Even if you were able to get in contact with the customer who wrote the bad check you might not be able to convince them to make it right. However, by using a collection agency you can rest assured that they will convince the customer to make the bad check right. By choosing to go with a professional collection agency you can worry less about your accounts receivables and worry more about expanding your business. You will never have to worry about what to do when you get a bad check, you know that you can simply hand it over to your collection agency and they will do the best that they can to locate the bad customer and get you back what you are owed.