Paul Mackenzie, Mackenzie Hall former CEO Explains; When to Hire a Debt Collection Agency

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  • (1888PressRelease) November 25, 2015 - According to Paul Mackenzie Debt, a good debt collection agency may be the difference between struggling to remain afloat and making massive profits that boost your brand. Paul, the debt collection specialist who founded a fast growing agency in the UK, Mackenzie Hall, explains that partnering with the right experts can help business owners who don't have the time to deal with debtors, recover money that is owed to them.
    Paul explains that time can make it even more difficult to recover debts. "The older the debt gets, the more difficult it is to collect. It's important to hire a collection agency as soon as you start experiencing difficulty in the debt collection process." advices Paul.

    The process of collecting delinquent debts should also follow certain regulations. Paul explains that a highly experienced collector will ensure that your business is not put at risk of a lawsuit because of harassing debtors. Professionals who know how to conduct themselves will stay away from actions or situations that place your business at risk of losing more money.

    While some businesses prefer taking steps to recover the money on their own, Paul Mackenzie, Mackenzie Hall founder, explains that having professionals helps to ensure all the required documents are in place, in case you need them at a later time.

    Businesses can even apply for a tax deduction if they have written off certain debts which they've failed to collect. But Paul explains that in order for a business to qualify for a tax deduction, the required body will need documents that show they took all the necessary steps to collect the debts. This may include letters and frequent telephone calls made to the debtor.

    To protect themselves from the legal risks involved when attempting to collect debts, businesses are advised to work with licensed consultants. Debt collection consultants, who don't carry the appropriate licensing and insurance, can land your business in trouble. You must eliminate the chances of facing a lawsuit by hiring professionals who are bonded and insured.

    Paul Mackenzie has been running a successful debt collection agency, Mackenzie Hall, which he founded together with other specialists in 2003. He is a renowned debt collection specialist in the UK and offers financial advice to individuals and big corporations on how to maintain peak performance of their brands. For more information, visit Paul Mackenzie Debt Consultants.

    Paul Mackenzie of PHM Consultancy

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