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101
0:37
YouTube
Mike Singletary
Why collection agencies are failing (and what to do instead)
If suing every delinquent customer made 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗲𝗻𝘀𝗲, collection agencies wouldn’t exist. The math behind traditional litigation is broken: the hourly cost to sue a customer often 𝗲𝘅𝗰𝗲𝗲𝗱𝘀 the value of the debt itself. Most businesses use collection agencies as a "buffer" to ...
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