It is not only businesses that are owed money. Individuals can be owed money for a number of reasons. One reason may be a private loan, with the loan to be paid off in a certain period of time. Another reason could be that they are owed money for work they have done for somebody.
If an individual is owed money, and the debtor fails to pay it, what recourse does the creditor individual have? They can go to Small Claims court and get a judgment against the other individual. After they get the judgment, what can they do? There are remedies such as garnishment of wages, putting a lien on their real property, and taking their money in a bank account.
However, very few people know how to get their money back. This is where debt collection agencies in Ontario come into play. These agencies know how to get your money back. They know the law through training and experience. Some methods of attempting to get your money back are illegal. Debt collection agency knows what methods are legal. More importantly they know what methods are effective.
Debt collection agencies in Ontario are experienced in sending the type of letter that will get the required response. They are also experienced in how to talk to a debtor in order to have the debtor agree to payment in full in one lump sum or in partial payments over a period of months. If you hire Ontario debt collection agency, you will be getting the best at what they do, which is collect money on your behalf.
If your business is located in any of the following areas and would like to get a free quote with our collection agency, please visit our website at www.expresscollection.ca