collecting unpaid transport debt

Consolidate Unpaid Freight Invoices With The Right Transportation Collection Agency

If you are a trucker, shipper, distributor or individual that frequently deals with the transportation industry, then you may be familiar with the hassle involved when it comes to collecting on unpaid invoices from difficult clients or businesses that have closed their doors entirely. While the process is not always straightforward, it is important to note that there are a variety of specialists that can assist you without straining relationships with other business owners. Before working with a transportation collection agency to collect on unpaid dues, it is important to first do some initial research before moving forward with any trucking or transport related collections agency!

Research the Company

One of the first things to do is do your due diligence and gather relevant information about the company. Review their website and read about their specific services and methods. If you live in a state in which debt collection agencies need to be licensed, make sure that they are and double check their status with appropriate state agency. In addition, check to see if the company has been the subject of any legal action or has had complaints against it filed with the Federal Trade Commission. These topics will give you a great deal of information regarding effectiveness of the business as well as if their methods are ethical as well.

Determine how the Agency gets Compensated

It is important to fully understand the way in which an agency charges for debt collection services. While the most common forms of payment include a flat-fee per successful collection or a percentage of the total amount collected with a contingency based structure. Some agencies may also impose up-front fees or signup charges based on the services provided or promise you a lower contingency fee percentage to get you to place your accounts with them, then later charge you a higher percentage fee after they get it collected, so be sure to fully evaluate an agency’s fee structure before hiring them to collect a debt and, before signing anything, carefully read it over. 

Determine if their Goals Align with Yours

Collection agencies can vary greatly in the way they operate, which means collection techniques can vary significantly from industry to industry and region. It is important to make sure that the way the transportation agency operates with your communication preferences in mind and has experience collecting debts that you are trying to collect.

Why Choose AWA for Your Transportation Collection Needs?

AWA operates on a contingency fee basis, meaning, if we cannot collect, you owe us nothing. If collection efforts are successful, our rates will be based on how old and how much the debt is, if there is a damage claim, and whether the debtor is in or out of business.

If you have unpaid freight invoices and aren’t sure what to do next, call 662-892-8591 to speak with one of AWA’s client specialists today!

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