Three Key Challenges to Collecting Pre-Charge Off Debt

Editor's Note: This article originally appeared on the TrueAccord Blog and is republished here with permission.

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Managing accounts and ensuring regular payments is an essential part of being a functioning business. This is especially true for small businesses where several small payments (or one large payment) being past-due can make a massive difference. Many companies will put off hiring a collection agency until they have defaulted accounts rather than creating a partnership at an earlier delinquent stage that can grow as needed.

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