An NSF check is never a fun issue to tackle, whether you’re a professional who runs your own practice or part of a team within a company. If you’ve never dealt with one before, it can not only be challenging to understand the process, but it’s also slightly embarrassing to admit that it even happened at all. Fear not, however, as they are a few things you can do to recover a bounced check with very little hassle.
What to Do When You Have Multiple Bounced Checks
Running a business has its ups and downs when it comes to finances, and at times (but hopefully not often), you might be hit with several bounced checks at once. This is when you may be better off skipping the bank altogether and going right to a check collections agency such as Global Check Recovery. A reputable company will sit down with you to create a recovery plan that suits both your business and clients. Strategies might involve re-presentation measures and various ways to engage with your customers to get more satisfying results on the status of your NSF check.
Recover with Global Check Recovery
Global Check Recovery can handle your NSF check recovery with efficiency. We’ll develop a plan tailored to your needs as both an individual and a business. With more than 15 years of industry experience, our service is ready to go to work for you. We’ll work on recovering your hard-earned money so you can stay focused on taking care of your paying clients.
Contact the Payer
If you have a long-standing relationship with the check writer and this is their first time bouncing a check, you should first make them aware of the situation. It’s never fun being the bearer of bad news with this type of issue, especially as a business owner, but mistakes happen and it’s better to be upfront with your client when situations like this occur. Even if they are a new customer, it’s still best to communicate openly. If you receive no response, even after multiple attempts, it’s time to take the next step in recovering your lost money.
Approach Your Bank
Dealing with an NSF check can be daunting, so you should look into your bank’s policy on how they will handle them for you. Most banks will charge the payer an NSF fee, which can prompt them to transfer the funds into your account so your business finally gets paid. This strategy doesn’t always produce immediate results and, if you’re the victim of financial fraud, a notice from your bank may go completely ignored. In order to get speedy and efficient NSF check recovery, you may have better luck hiring a more specialized collections agency, such as Global Check Recovery, to handle the situation on your behalf.