Skip to content

How a Debt Collection Agency Can Help Local Businesses Recover From Pandemic Losses

The novel Coronavirus is a serious respiratory illness that unceremoniously ripped through the world’s population, killing an estimated 3.2 million people. This highly contagious disease emerged in December 2019. However, the virus only picked up traction in the United States during March 2020. There have been 32.4 million diagnosed cases and 577 thousand deaths in the U.S. alone. The disease is transmitted through respiratory droplets– so coughing, sneezing, or simply talking can easily transmit the illness to another person. For that reason, many businesses had to stop providing in-person services. Those who couldn’t were forced to temporarily shut down operations. Some of these businesses will never be able to recover from a full calendar year without income.

More than a year later we’re still seeing Covid-19 cases and witnessing the detrimental impact it had on businesses and the economy. SWR can help business owners recover some of the losses accrued in the past year, and help you land on your feet. 

Effects on Business

The CDC recommended social distancing, proper hygiene practices, and wearing a mask to slow the infection rate. Different states enforced varying degrees of public safety protocols, many of which proved disastrous for businesses. Any business deemed non-essential was forced to close its doors. Some were able to transition their practice online, but others were left trying to stay afloat operating with reduced or no clientele. Even essential businesses were forced to operate under strict hours, increase expensive sanitization efforts, and reduce indoor capacity sizes. 

Mass layoffs were also detrimental to many businesses. With so many “non-essential” workers being furloughed people were forced to become more frugal and stick to a strict budget. This means that people weren’t indulging in services or paying off old debt. Ultimately, this hurt many businesses to the point where they also had to begin laying off employees. Without sufficient staff, they could no longer provide their products or services. 

2021 Projected Turnaround

Covid-19 vaccines are being distributed quickly, and people expect to return to normal life soon. According to Our World in Data, 8.04 million people across Texas are already fully vaccinated. Even more, have received their first dose. Now, businesses are starting to reopen and people are starting to find work again. As people begin to have a steady income they will be able to better support themselves and start paying down bad debts. 

President Biden also signed an executive order on April 27, 2021, that will require federal contractors to pay their employees a minimum wage of $15 per hour. The new minimum wage is a significant increase over the current minimum pay which is $10.95, and a much better wage for people to live on. Now, more people will have the discretionary income they need to pay their bills and fuel the economy. This is especially true because with the minimum wage so much higher, employers will also have to raise wages for staff with higher levels of skill and education. The order will go into effect on March 30, 2022.

Debt Recovery Solutions

We pride ourselves on being a compassionate collection agency. Our collection efforts are always responsible and ethical. This empathetic approach is generally very effective, and we consistently recover high rates of debt. We will work with the debtor to create a payment plan, allow payments to be submitted on our easy-to-use online portal, and regularly follow up with reminders until the full amount is recovered. If our initial efforts aren’t successful we can utilize some other great debt recovery tools. We can use skiptracing technology to track them down or even pursue a legal judgment

We also offer accounts receivable management services. Once you’ve collected all outstanding debt, and are back on track you don’t want to risk losing out on money again. SWR can help ensure that all payments are followed up on and submitted each month, so your balances stay current. We can customize an effective billing system specifically designed for your company and its customers. 

SWR Debt Recovery

We are a full-service debt recovery agency. Our  clients trust us because we consistently deliver on our promises. The recovery agents at Southwest Recovery Services are highly trained and great at their jobs. That’s why we can operate on a contingency basis. We are so confident that we can collect on outstanding debts that we never charge you to refer an account to collections or bombard you with upfront fees. You only pay once we get your money. If you have some customers that have fallen behind on payments in the past year get in contact. We can provide you with more information about our services and answer any questions. 

Recent Comments

    Have A Question?

    Get In Touch

    Southwest Recovery Services is a national collection agency with offices in Texas, Oklahoma, Missouri, Ohio, Florida and Georgia.

    Payment Processing

    • Online Payment Terms and Conditions

      Welcome to the Southwest Recovery Services LLC payment processing site. Please read and agree to the following online payment terms and conditions, website Terms of Service, and Refund Policy prior to agreeing and completing your online payment.

      *** NOTICE ***

      This is an attempt to collect a debt and any information obtained will be used for that purpose. This communication is from a debt collector. If you have any questions or would like to talk to a live Collections Specialist, please call us at (866) 558-3328 during standard business hours: Monday thru Friday 8am-6pm CST. You can also mail your payment directly to Southwest Recovery Services LLC, 16200 Addison Road Suite 260, AddisonTX 75001.

      Credit Card Transaction

      By submitting payment information through this Service you agree to the terms and conditions of this Agreement and any documents incorporated by reference. You further agree that this User Agreement forms a legally binding contract between you and Southwest Recovery Services Inc. and that this Agreement constitutes "a writing signed by You" under any applicable law or regulation. Any rights not expressly granted herein are reserved by Southwest Recovery Services Inc.. By clicking on the "I Agree" button and by clicking on the “click here to pay by credit card” button, you are accepting these terms and the stated fees for using this service.

      IMPORTANT:  Please make sure that you have correctly inputted your account number and creditor’s name in the payment form. This information can be found on your bill. For assistance, please contact us at (866) 558-3328. 

      This site provides a secure payment portal for making online payments. Please ensure that you are paying the correct party and that you have a valid account number received from us.

      If you do not know your account number, please do not make a payment through this web site at this time. Instead, please Contact Us to obtain your account number before returning to make the payment. Without the account number we cannot credit your account with the payment you make on this site, which would result in a significant delay in processing of your payment.

      • This is a web site of a collection agency.
      • This is an attempt to collect a debt.
      • Any information obtained will be used for that purpose.

      Question? Contact Us:

    Make A Payment