Resources for Bounced Checks

Do you run a retail operation and struggle with collecting on bounced checks? You want to take checks as a service to your clients and you realize that most returned checks are unintentional, but collecting these funds can be a headache. You need a collection agency that specializes in collecting on returned checks.

Bounced checks are those checks returned from a customer's bank because the account has been closed or it doesn't have sufficient funds in it to cover the check written to you. Such checks are a retailer's nightmare. The customer usually already has the product or service, so whatever advantage you may once have had is gone. Most customers make good on these checks right away, but the ones that don't can take you weeks or even months to collect.

Look for a collection agency that has experience working in your area. Such an agency should be firm, but not rude or abusive with your clients. You would like to keep them as (cash) customers after all. Such an agency will usually take a percentage of the amount collected, but it frees you from having to spend an inordinate amount of time tracking these people down.

When looking for someone to collect returned checks, it's important to compare the services offered by several different collection agencies. Business.com understands this and offers a large selection of such companies. Visit the links on the left to learn more about the services they offer.