Should My Business Simply Write-Off Small Debts Owed Us And Only Focus On The Larger Ones?
A. Small debts should be placed for collection along with large debts. Smaller debts are often collected by telephone calls and letters because it is not cost effective to use the court process on small debts. However, a collections law firm can collect small debts owed by the same debtor to the same creditor economically by combining the accounts and using the judicial process.
