Posts Tagged 'benefits of hiring a debt collection agency'

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Debt Collection Period – Why You Need a Debt Collection Agency

When we talk about a debt collection period, we are referring to the amount of time on average that it takes for a business to collect its debts.

If a business has an increased collection period, it can become a major financial liability and focus should be directed at improving it.

However, small businesses often do not have the resources necessary to spend time and energy solely on collecting debts.

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