These are uncertain times for a lot of people and businesses. The pound seems to be rising and falling dramatically every day and large established companies are seemingly going into administration every week. Protecting your business has never been more important.

At times like this, it’s important to make sure that you’re reducing your debtor days and making sure that money is able to flow through your company. Having cash flow problems due to debtors is an infuriating scenario for any business.

Protect yourself

You always need to make sure that you are protecting yourself and your business. If you are owed money then you want to have that in your bank and not the person who has taken services or goods from you.

There is a problem, however. Some people find chasing debts very difficult. Not only does it take up a horrible amount of time but some people are uncomfortable asking for money. You can also fall for tales of woe and poor excuses from people who simply don’t want to pay.

Why people don’t choose debt collectors

Spending money to make money always feels counterintuitive. People are hesitant to use the services of a debt collection company as they think that they’ll receive the money sooner or later and don’t want to admit that they have a problem with collecting payments on their own.

In reality, debt collection companies are going to improve your cash flow and help to get that revenue flowing through your account. Also, being experts in collection, they are much more likely to be successful in recovering money. This is because they know how to be persuasive, know the law and have heard all of the lies that debtors tell. Not only that, but using a collector allows you more time to run your business instead of worrying about debtors.

Don’t make empty threats

For some people, the threat of debt collection is enough to make them pay up. That can only happen if the threat is a genuine one and you’ll act if payment isn’t made. If they still don’t pay, Nightfox will ensure that you get what you are owed and help to keep your business thriving.

Recovering debt is important for any business. Just as you hire a bookkeeper to do your accounting, hiring Nightfox to collect your debts makes perfect business sense. Contact us today to see how we can help your business.