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Debt Collection: Do You Need Help?
There are certain guidelines for companies who extend credit to vendors or customers. You may be aware of some of the most common. Assess a client’s credit worthiness before extending any sort of...
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Adding up the Documents needed for Successful Debt Collection
Debt collection is probably not the first thing on your mind when you set out to build your business and deal with consumers. This is a negative aspect to business; but one that must be faced...
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How Soon Is Too Soon To Initiate Debt Collection?
If you work in accounts receivable long enough, you begin to be able to sense when a company or individual is trying to avoid paying their past due bill. When you call to collect overdue funds, they...
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Handling Time-Barred Debts
As a businessperson, your primary concern is running your business, not collecting old debts. This can make it rather easy to put off, or forget about, collecting old debts. However, there is a legal...
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Negotiating Payment Plans
Agreeing to take payments is an area of debt collection where you will find a wide range of differing opinions. Some experts will argue that agreeing to a payment plan virtually guarantees that you...
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Improving Collections Through Proper Documentation
The speed and effectiveness of a debt collection company can vary a great deal depending on a number of different variables. One of the best ways that you can help to improve the odds of a successful...
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International Debt Collection in India
International debt collection can be exponentially more difficult than domestic debt collection. Depending on the foreign country involved, there are most likely a number of different rules and...
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Skip Tracing Best Practices
Skip tracing might be one of the most intimidating aspects of debt collection. The thought of locating a person who may or may not want to be found can be overwhelming, especially if debt collection is...
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What to Look for in a Collection Agency
Choosing the commercial debt collection agency that is the best fit for you and your business can be an overwhelming task. Most people don’t have very much experience dealing with collection agencies,...
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7 Ways a Debt Collection Agency Can Help Your Business
Every business that extends credit to its customers is going to be forced to deal with a small percentage of those customers who for some reason are not able to make timely payments on their accounts....
View ArticleTop 10 Reasons People Go Into Debt
What are the major sources of consumer debt? Whether you own a business or are simply curious about the current state of debt in America, let’s take a closer look at the top 10 reasons people go into...
View ArticleWhat Does the Current State of Student Loan Debt Mean for Collections Agencies?
If you listen carefully to the election debates, you might have noticed an unusual policy discussion starting to take shape: Student loan debt. With estimates most recently reported at $1.3 trillion...
View ArticleHow to Collect on an Outstanding Promissory Note
Everything started out so well. You had a friend, relative, or client that seemed to be on the up-and-up, but cash was tight and they needed a little help. You had a little extra and saw an opportunity...
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