Can businesses use accounts receivable financing if it has already Bank line or Tax Liens?


Many times the company believes if they have an existing bank loan or line of credit that they will not be allowed to sell their claims.

In some cases, the company may still be eligible to work full-service aspect and realize the benefits of factoring.

For starters, oftentimes banks may not have used the current requirements for collateral. If there is no mortgage on the accounts calculated the company is free to sell them as the owner sees fit.

Second, depending on the circumstances, if the bank is to have a mortgage oftentimes they are ready to depart when the bank understands the situation.

The other option is to pay off existing loans. This requires enough requirements to take advantage of buy-out, but it may be an option.

Believe it or not, many reference actually come from loan officers who were unable to provide further assistance to bank customers. Many lenders are very familiar with “temporary factors” and welcome the assistance.

Tax liens work in a very similar way to work with banks. They are treated on a case-by-case basis. Remember, the government wants to get paid as well. They have been known to leave his position to improve their chances of receiving payments on back taxes.

by a bank loan, line of credit or a tax lien can not exclude yourself from the benefits and financial freedom, take advantage of full service factor. Just be sure to mention the situation upfront when the application to factor accounts receivable. This will help set the stage for good cooperation and avoid delays or confusion during due diligence.


Outsourcing Accounts Payable – Benefits


Initial company chooses there are such a variety of things to deal! Outsourcing has become the leading concept because it offers a number of benefits. Online Accounting Services show the basics of accounting and understand financial decisions for the company at a lower cost, thus saving time and increasing sales. Companies understand the importance payable outsourcing, which increases performance and promotes sales promotion. The APO market has flourished in recent years with a number of organizations outsourcing of financial services for maximum comprehensive benefits. These services have the ability to reduce overhead costs and deliver value added benefits in terms of quality and expertise.

Outsourcing Accounts

Outsourcing Accounts Payable makes powerful AP function with leading -edge technology transformation solutions and web analytics to ensure continuous resources in a constantly changing economy. Enabling effective supplier relationships and optimization of working capital, the outsourcing specialist payable organization ensures long-term benefits. Such a framework evaluates the customer experience while building a solid ranking with commercial objectives that connects key metrics to business results.

Ensuring global scale, companies can gain greater control over capital, revenue and customer interaction to minimize revenue leakage and other financial discrepancies. Running intelligent business with profound framework that consists of invoice automation, discount processing, optimization services, scanning and evaluation of data, a refund etc. Equipped outsourcing organizations ensure financial transformation where professionals improve the agency’s ability to issue regular payments, maintaining cash flow and make the effective price negotiations

Reaping Benefits of Outsourcing :.

Decrease upfront costs

Outsourcing accounts payables which generally charge for each transfer function of the variable costs. While using in-house technology as licensed software, installation and maintenance investments are quite high. Training and hiring are both expensive and time consuming that outsourcing is a good option that allows the company to maintain internal staff on safe grounds. Risk investment strategy due to changes within the organization, environmental disasters etc can also be reduced through outsourcing AP.

Quick System Deployment

AP automation is faster, more efficient process than software that requires a high degree of integration with the company and enterprise systems. Software models from outsourced companies to ensure that you do not have to make any additional investment in hardware / software. Outsourced AP is also not burden the buyer with regular upgrades and maintenance is just a waste of time for companies that do not have the freedom to control such changes.

Increase Efficiency

Any expert AP outsourcing institution should make the company to achieve the objectives targeted with limited resources. Use a third party, technology and expertise ensures basically transactional functions are catered for so that company employees can take time to focus on analysis and high achieving activities. Such a policy not utilities are better than in-house management of the value and time-consuming.


What is Draw owner in QuickBooks? How Does Owner Draw Work?


If you are a sole-owner, you may have wondered Draw account owner and how it works. I’ll try to explain it in a way that makes sense to people who use QuickBooks

Equity, Investment owner and owner Draw -. Defined

If you open the Chart of Accounts in QuickBooks, scroll down to own accounts – usually about halfway down. You can see one or more of these names: Equity, investment by the owner or owner’s draw. To make it easier to understand, we will say that now that the above conditions are synonymous. Some accountants reading this may not agree, but I think that anyone who does not understand what they mean, it is easier to understand if we use the terms interchangeably.

Here’s what I want you to know about the above terms, they represent the amount of personally money the owner has put into and out of, the business. Take the emphasis on the word personally – this means money generated outside the company “Activities

What is, if it has a positive balance, this represents the total personal money. You have put into the business. If there has a negative balance, this represents the total personal money that you have removed from the company.

How much money can be drawn out of the business for personal expenses? Is there a limit? Do I have to pay taxes on them money?

sole proprietors may draw out as much personal money from the company they want, without tax consequences. Taxes are paid based on the company’s profit, but not the money the owner removes from companies to private .

Also, it does not matter how much money the owner originally invested. In fact, it is very common for the owner to pull out much, much more from the company than he / she originally invested. This is not illegal, and is, in fact, how the owner pay him / herself for business operations.

What if I did not keep track of personal money I put into the business?

There really is not a problem in itself. It becomes a problem when private money was used for business expenses. If money can not be tracked, it means that there is no receipt or a statement of where the money came from or, more importantly, what it was used. This means, however, that the costs can not be claimed on the tax return.

The idea here is that you need to always be able to justify business expenses. The IRS audit it will not matter how cost was paid for one-ownership – what matters is the documentation (receipt, invoice, statement, etc.) to show that it was actually a business expense.

How can I pick up Draw owner in QuickBooks?

When you use the funds for personal business reasons, you’ll join Draw owner’s account in lower half on the screen. This is true for writing checks and a credit card screen. You probably will not ever use the owner’s Draw account of Enter Bills screen – if you ever find yourself doing this, call your accountant before completing the transaction

Here’s how to take it :. From writing checks or Enter Credit Card Charges screens, write the date, amount and other information required in the upper part of the screen. Then, in the lower part (expenses Tab), open an account and box look up to select Draw account owner. This ensures that personal expenses are not deducted from business income

I want to show personal money that I put into the business as a loan to the company -.? Is this ok

Sure, it’s okay. You can do it if it makes you feel better. But remember: the sole owner is company. It’s like borrowing money to yourself. It does not really make sense, but if it helps you, then do it. I’m not crazy to recommend this option, but where sole-proprietors do not send their balance sheets to the IRS (unlike other actors), I think it is all right, especially in the first year or two.

I usually recommend people to show them the money invested in the business as an increase in equity and personal cash slowed down the decline in equity. People borrow money, but when private money is added, it adds to the financial and personal when money is withdrawn, equity decreases. From an accounting point of view it is more accurate to take what additions and drag on earnings. But the way you will use consistently and accurately is really important!

I hope this answers your questions about the owner’s equity in QuickBooks. If you have more questions, do not hesitate to send them to me.


Accounting Tips – 2 Tips Critical to Cash Management


1. Reconciling bank statements.

reconciling the bank statement is one of the more important thing for a small business. Always know how much money you have. With the technology today, you can go to your bank and check the balance whenever you want. Business owners need to consider the balance shown by your bank includes only items that are gone. It does not take deposits in transit or outstanding checks. Most, if not all, accounting software is a bank settlement features. Use it, use it every month! After you balance, review outstanding issues. Margin than 10 days should be investigated because you have less money than you think you do. Excellent stop for over two months should also be investigated. Most businesses deposit checks as soon as they get them so check outstanding over a month or two might indicate a problem.

2. Connect and build relationships with the accounting department.

90% of the business is based on relationships. Usually small business owners only deal with the allocated reseller, representative, purchasing, project manager, or foreman. These are not people saving money or pay bills. It is extremely important to build a relationship with the accounting department for two main reasons; Getting set up the payment and collection of timely payments.

get set up on terms.

It is extremely important for the purpose of cash flow to be set up in terms. However, due to lack of credit history, it can be very difficult. You have to constantly make an effort to get set up on terms. Every order is place, ask. Ask about the requirements and be sure to complete the paperwork. Call and speak directly to the credit manager. If they hear your voice and know your name if you know theirs, you’re probably going to be treated a little differently. And when you get a chance, and they extend you credit terms, do whatever it takes to pay the bills on time. Loan terms are not given out easily, but they are an essential element; make them a priority for the business.

collecting payment.

Perhaps the biggest obstacle to a new business owner faces get customers to pay on time. Because most small business owners are multi task, paperwork gets pushed to the back burner. Invoices must be sent out immediately, it is important. Also ensure that all relevant information is available on the account; payment invoice date, invoice number and make sure to get a purchase order number. I can not tell you how many times a company that I have worked with exported goods only to be told “I’m sorry I think it was not yet”. Require customers to give you the account requires a deliberate act on their part, to contact to make their decisions, ensuring that they have proper approval. I know you want to make it as easy as possible for them to buy, but if it winds up coming back, however, you are defeating the purpose. Also, already account be sure it is at a premium, especially if you are working with a new company. I can guarantee if their accounts payable gets a bill from a company they do not recognize the no PO number, it is to go straight into the trash. They just got himself 20 extra days, until you call to seek payment. Which brings up the last point of my call and follow-up, if the terms are 30 days calling 20 to be sure that it is on schedule. The Collection process is not fun, but it will bring in money faster.

Cash management is probably the number one most important area for small businesses, and it has taken time. If you can not spend the time necessary to consider hiring someone to do it. Accounting services are very cost effective, and if they can speed up the billing and collection process. That by itself was well worth it.


11 ways to improve the standard payment Collection


Many small businesses do a good job to deliver their products and services but then find it difficult to collect, often resulting in a cash flow statement crunch. This may be due to the credit worthiness of a customer was not properly investigated at the beginning or it may be that insufficient attention was paid to monitoring and collecting accounts due. Either way, it benefits the business owner to establish normal credit policy, using proven methods to optimize cash flows and compliance with the terms of the diplomatic but firm way because the “sale is not complete until the money is in the bank.”

1. Optimize cash sales to avoid the risk

There is no credit risk in cash. If your company allows for both cash payments and accounts, the maximum amount of money, as a percentage of total sales, the highest level possible for industrial or commercial sector.

2. Get Deposits Wherever possible

larger sales orders, manufacturing to production and, in particular custom orders, should require a deposit of 10-50% of the final purchase price of the order time. This will go a long way to reduce cash flow population and ensuring commitment to the customer. Deposits of this type should be irreversible.

3. Suggest Credit Cards enforcement

Be sure that you have the ability to accept major credit cards (VISA, Mastercard, American Express, and discover). This is the next best thing to cash and reduce payment risk. In many cases, it also makes it easier for customers to order. Customers who object to paying in advance can be assuaged by putting a “hold” on the amount of sales from their card and payment processing only after shipping the product or complete a service. This ensures payment (for a period, usually 30 days), but has not appeared as early payment to customers. For credit card sales processed, company account is usually filed by the credit card processing company in 1-3 days for a service fee of 2-3.5%.

4. Require progress payments for work-in-progress orders or contract turnover

If you manufacture a product or perform work over a long period of time, say a few months, the sales contract your special times when payments are due (for example: 10% during the series, 40% at 60 days, the balance of completion). This will go a long way to avoid cash tightness and provide funds for ongoing projects. In many contract sales situations, the amount of the deposit is actually a profit of order and obtained upfront; balance or cost of the product is then transferred from the customer to the seller at the usual payment.

5. Develop and use a credit application form

Every company, big or small that conducts sales invoiced should have credit programs. This can be as simple as a single page, faxable form provides important information such as the name and telephone number of the customer’s account for the payment contact, manager and executive. The form should also have a minimum of two business references and bank references. A key administrative person (in smaller companies this is usually Office Manager) is entrusted with the responsibility to get the information form, verify references and indicates the maximum amount based on the results.

6. Set a credit limit for each customer, large or small

by Credit references have been checked, the credit limit is ambient for each customer. For small customers, the limit should be set on the basis of mid-level to show the maximum payment. For large companies, credit should be set based on the amount of risk the company is willing to take, and is a direct reflection of the proportion of the company that you are willing to devote to one customer. Typically, the focus of 10% of your business one customer goes to a stop; 30-50% is very risky and over 50% is a potential disaster for your business. Bad things can happen to large companies as well.

7. Monitor Receivables Aging of total clearance and customer

At least weekly, calculating the average age of outstanding accounts by customer and total. Assign responsibility (eg National Audit Office Manager), for example, and reporting on this information. Develop a “timely” report that shows each invoice 5 days or more prior terms. Set specific, realistic goals based on industry for the “Average Days receivables” and put one part of the benefit package Office to achieve the goal.

8. Develop a standard Action Process for overdue accounts

develop a formal, written collection procedures including script or instructions for contacting customers who have outstanding, overdue accounts. The approach is always polite but increasingly companies that overdue time increases. Usually, the first call is polite inquiry only. At 60 days, they may be reminded of the terms of the Company and their credit is in danger, 90 days after their bill will revert to COD and 100 days of proceedings can continue unless payment is received immediately. If the last level is reached, you should be prepared to follow through instead.

9. Avoid Early dunning use your

dunning, overdue notices and account statements that suggest an overdue account usually do nothing but irritate responsible customers who may have a reasonable explanation for the slow payment. Instead, it is desirable to have your person responsible for accounts receivable telephone bills the client for payment agent (on loan application) to ask whether the account has been misplaced or there is some other problem. Typically, 80% of slow payments are resolved in this way and rapport is created between key employees of both companies.

10. Use Discount Payment Wisely, if at all

Offer early payment discount does not always produce the desired results. If the customer’s problem is cash flow, they will be unable to take the discount. Often customers already pay on time will take advantage of the discount. Can you rationalize this as a reward for good customers, but you’ve just reduced the overall profitability as a result. Discounts are attractive to customers typically do not produce favorable against the time value of money for your business. Better poll slow customers pay first and themselves, to determine the potential value discounting could be your cash flow.

11. Use your accounting system to help Manage Credit and Trade

Many small businesses use a simplified accounting system such as QuickBooks or Peachtree and these systems are able to reduce the amount of time needed for accounts receivable management. Credit Limit can put customers and the system will issue a warning message to the entry of a new order that should cause the limit to be exceeded. Aging reports from clients can be generated in a variety of formats. Data can be exported directly to Excel spreadsheet and further analysis if desired. Invoice data can also be directly transferred to the client by fax or e-mail saving considerable time. Existing customer contacts and phone numbers are in the customer records and can be quickly extracted and used in reports screen to assist in the collection calls. Be sure you’re using all the features of the accounting system to help your efforts in the management of credit and accounts receivable.


How Freight Bill Factoring can help companies Trucking


trucking companies understand how difficult it can be to try to run the operation while waiting for the bills to be paid. Some customers may not pay until 60 days after the job is completed.

Meanwhile, trucking companies must continue to pay their bills in order to keep their business afloat, some times very little money. Labor must be paid and gas purchased without money from customers (at least not for 30-90 days).

Many trucking companies are forced to rely on credit to keep their businesses going or risk losing everything. One option that is starting to be used by many companies in the industry’s freight bill factoring.

Freight bill factoring provides trucking companies with quick cash. Instead of waiting 30-90 days to get paid for jobs they already have, they can be paid in 7 days from the factoring company. This gives companies the money they need to pay their drivers, improving their transportation costs and also take on new jobs, all without taking on any new debt.

process elements (also referred to as funding bill, PO financing and accounts receivable factoring) is simple. It includes two, company accounts and Factoring companies, also known as factor. The factor buys accounts of the company for cash and then collects this accounts for the company for payment. Typically, this fee is somewhere in the vicinity of 1.5% -3.5%

Here is an example :. Super Road Trucking Company may have just completed $ 50,000 job for customers with very good credit. They have invoiced their client and expect to be paid in 30 days. This means that Super Road will not be able to use money from customers to pay their drivers, gasoline or other related expenses for that job. Because they do not yet have the money and they are having trouble financing new business and have rejected several large contracts.

They decide to use Factoring companies . The factor pays Super Road $ 45,000 account and then collect it themselves. After getting it, they return it to the Super Road, minus agreed fee. Problem solved, further damage averted. Super Road gets the money they need and are now able to continue operating.

Hopefully, you are able to see the benefits of freight bill factoring. It is an opportunity for truck companies to get funding to continue or expand operations without taking on any new debt. It is important to note that this works only if the company or person who owes the balance of the account has good credit. This provides insurance for the factor that they will get their money after fronting it for the company.

standard charges for this type of service vary but often fall somewhere between 1.5% and 3.5%, although it may vary. The cost will be affected by invoice periods. If the company expects a 60 day turn around, they will be charged more then the company has 30 days turnaround. This is because it may take longer for the element to add capital.


Why give kids an allowance?


It is the responsibility of parents to teach money management skills to their children. This process should begin when the child is five or six years. By this age, most children understand money and its value. Probably the best tool to teach money management allowance. Children who have to struggle with money not only be financially responsible, but they will also be responsible for other areas of their lives.

Traditionally, child allowance has been tied to chores they complete. I would encourage you to not combine these two institutions. When we pay our children to complete chores to undermine philosophy ‘cooperative households’. Everyone living in the home contributes to the keeping and care of the house. We want to teach our children to take ownership of their home and by promoting it. Amortization is given to a child so he or she can learn to manage money. The only time I would recommend that you pay a child for chores are if they are chores above and beyond the regular scope of participation of the child, or they are chores usually done by you, and you do not want to do them.

Compare allowance at the same time each week. Providing money in a pay envelop and set account suggests that money is, for example, if the child is six years old account could read; $ 1 allowance, $ 6 lunch money. As you children grow allowing them to manage more money and extra things that they will be in charge of purchasing, personal care products, clothing, school supplies, etc. What you hope is that they will run out months before they run out of money. Sound harsh? Well, consider the alternatives; this happens when you are not there to buffer “fall.” Would you rather they learn this lesson when financial risk is low

Please insist your children to save all their payments; you can not expect them to learn how to manage their money if they do not use their money. Saving rate of their money is a wise practice to teach your children as an opportunity to tithe. Work with your children to share as much on financial market activities with them as you can, information is power!


Why Electronic Medical Billing Outsourcing is useful


Medical billing is very important and cost effective services in the healthcare industry. Today, trend of outsourcing medical billing is increasing well. In medical billing process the printed out medical invoice is given by a doctor or service provider. Also, you have to prepare and submit medical claims to insurance companies to get payment. Medical bills are a fast growing segment of the health care industry and the demand for medical billing specialist is increasing day by day.

Electronic Medical Billing is a very useful and become easy for paperless work. You can also consider billing services as a communication medium between Medicare providers and insurance companies. Today lots of medical office billing individuals are outsourcing their needs because they do not have much time to work requirements in the insurance

Benefits of Outsource Medical Billing Services :.

Cost Saving and Time Bound

High Quality and better accuracy

Features Medical Claims Billing Specialists

Flat Medical account Methodology

Complete billing management.

Add cash flow and collection.

reduced billing costs.

There are many healthcare organization offering medical services account in the current market, then why are you waiting just to choose the best medical billing company to get cost effective solutions related to billing problems.

Medical Accounts includes detailed information on Medical Claims Services, Medical Billing Software, Medical Accounts and coding and more. Medical claims billing is affiliated with medical coding certification.

Now a day, you can get highly skilled medical claims billing professionals, coders, processes and state-of-the-art technology to cover the entire spectrum of services ranging from submission of medical claims, to send payments, balance billing patients, and follow-up with insurance companies. Please contact us for more information about us medical billing service or send your requirements to us by E-mail at:


What salaries and How important is it for your company?


The company Payroll is the sum of salary, bonuses and deductions and compensation. In other words, it refers to the payment required to make to employees for the services they provide. There are various reasons that payroll is considered to be one of the main roles in the company. In the perspective of an accountant payroll is very important as it affected net financial significance of the organization. Ultimately, it affects the performance of the company or agency. Calculating the exact payout for each client is not as easy as it is to have a lot more financial calculations with a professional tax esis and PF. Many other types of calculations are also like the calculation.

Good moral employer will provide payment for dedicated their customers and finally the payroll department is very crucial for any organization. There is some special detail also required by the system to accurately calculate the payout for the employee. Timely and accurately paid salary is what is expected out by the employee. Therefore payroll department plays an important roll.

Payroll is a kind of business is connected with various kinds of taxes. This eventually leads to the reputation of the institution. Now payroll calcualtion day is done with the help of software is. Such software is easily available on the internet and can be downloaded with one time investment. They will take charge of all the payroll department with calculations fixed by you. Each pay slip or payment statement will be precisely created with the help of software and in a few seconds. Thus, it will save time, money, the auditor and correct systematic professional manner will bring management within the organization.


Writing Effective Letters Collection


well-written collection letter should focus on two objectives. First, obviously, is to collect money that is owed. It can be equally important, however, to maintain customer goodwill. In cases where the holding company of the debtor’s advantage to your business and taking care to word your letter in a way that maintains the relationship needs to be part of your strategy.

However, even expert written collection letter is no silver bullet, to keep these two goals in mind and with the following six “secrets” will help you stay on target with this traditional collection tool

Secret # 1: .. Prepare before you write

Collect and verify the facts before you start. View account. Be prepared with specifics. What was purchased, debt, payment, when payment was due, have what previous collection attempts have been made, how (or did) the debtor answer

Secret # 2:. Be concise, specific and to the point

Keep the collection letter to one page. Short sentences and short paragraphs. Language should be clear, direct, and easy to understand. Avoid overly formal business language that can sound condescending and distant, creating unnecessarily opponents tone to the letter

Secret # 3: .. Treat debtor with respect

Remember, the main Your goal is to get a payment, you may also want to keep the business customer. The key here is respect. Follow the golden rule – contact debtors like you would want to be spoken to if you were the recipient of the letter

Avoid using adjectives in general, especially something that could be construed as defamatory or offensive. .

Whenever possible, personally sign collection letter. This shows regard for your customers, as well as the importance you place on payment.

Be aware of the privacy of customers. . Mark the envelope “confidential” or “personal” (especially if the customer is an individual consumer)

Secret # 4 :. Pay as easy as possible

provide information that make it possible for customers to respond to the letter quickly and easily. This should include payment and information such as your reference / account number, address, phone, fax and the name of your contact. And be sure to let the debtor know the deadline for payment and the exact amount to be paid

Secret # 5: .. Expect to pay

Be firm but fair but to create a sense of urgency payment. Although never threaten action you are not ready to take. Think about the ultimatum, such as a lawsuit, but including it in the collection letter.

Less debtor about the benefits of prompt payment, so as to maintain a good credit rating, avoid having their account placed on “credit hold”, etc

Avoid language that indicates the customer may be dissatisfied with the product or the service they have received. Do not hesitate. Remember, you have the right to receive payment of

Secret # 6 :. Proofread your collection letter

When you have finished writing the letter, read it out loud. This will let you know that everything is not clear, as well as help you find any errors in spelling or grammar. Of course, running a spell as well. Finally, if possible, have someone other than yourself read the letter before you finalize it and send it out. This will serve as an additional check for clarity, focus, tone and content of

2 Types Collection Letter

The most common types of collection letters are :. Reminders and Final Claims.

Reminder Letters

Reminder letters are usually sent to debtors who have just gone into default. Their tone and language should be friendly and convey the assumption that the customer has just forgotten to pay the bill.

Include a statement showing the amount of arrears and / or a copy of the original invoice. It is our experience that many invoices are paid late because the client never received or misfiled original account.

Again, make payment as easy as possible. Be sure to include all necessary payment information and, if possible, put back the envelope for customer convenience.

Use Reminder Letters to gradually increase the pressure to pay

“The squeaky wheel gets the grease” is true in collections. The more you touch the customer, the more likely he will put your account at the top of the pile of his payment.

Use a series of collection letters to be top of mind with your customers. For example, send a customer service-type reminder letters before the payment is due. This letter may be a confirmation of what you’ve shipped product. Mention the amount that will be owed and define the upcoming maturity. Your client will appreciate this type of friendly reminder.

A few days after the payment was due (and not received), send another reminder Letter, this time to mention that the payment was expected and is now in default. Send out regular reminders, once a week or every 10 days. Change the tone and content of each letter to gradually “turn up the pressure” for payment.

Such letters should order no more than two or three different characters. If the customer does not pay you after receiving this “reminder”, it’s time to send the demand.

Final Demand Letter

Once you have determined that the client just is not going to pay, it’s time to send a letter of ultimatum – final demand. This letter shall clearly state the action you will take if payment has not been received.

Be specific and clear about the amount to be paid, the deadline for payment, and action will be taken if payment is not received on specific needs. Do not make the deadline too far in the future. You should allow just enough time for the debtor to get a letter, arrange for payment, and send payment to you. Usually the final demand periods are no more than 10-15 days.

It is important that you follow with an ultimatum, Final Demand letter should not result in the payment of arrears amount.

Note: many US collection agencies offer free final demand services, they will send out a final demand collection letter for you at no cost. If the customer does not pay within the intake connection period (usually 10 days), then the account is rolled over to the creation of traditional portfolios of third parties. If the customer has paid for the last demand period, the collection agency will not charge you a fee.

Anything worth doing well is Worth

Sure, it takes time to craft effective collection letters. But you are going to send a letter anyway, why not take advantage of these secrets and improve the chances that you will get the answer you are looking for.