FAQ: Debt Collection

FAQ: Debt Collection We're here to clear up any questions you may have concerning debt collection. Here are a few answers to frequently asked questions on debt collection. How does debt collection impact my credit score? When a debt goes into collections, it has most likely already negatively impacted your credit score. When you refuse [...]

2018-02-19T10:13:49+00:00 February 19th, 2018|Articles, Debt|0 Comments

Why Hire a Collection Agency?

Why Hire a Collection Agency? There are many reasons why hiring a debt collection agency is a smart move. Almost every businessperson has encountered overdue accounts and slow payers can have a huge negative impact on your business. Here's why hiring a debt collection agency is a good idea. Reason #1 | Efficiency Collection agencies [...]

2018-02-15T15:55:54+00:00 February 5th, 2018|Articles, Debt, Financial, Professional Tips + Tricks|Comments Off on Why Hire a Collection Agency?

8 Things to Expect From Your Collection Agency

8 Things to Expect From Your Collection Agency First and foremost, before selecting a collection agency, think carefully about the type of relationship you want. It’s extremely important that the agency you choose can work with your team in a way that will meet your needs. There are thousands of collection agencies throughout the U.S. and [...]

2018-01-29T09:20:25+00:00 January 24th, 2018|Articles, Debt, Professional Tips + Tricks|Comments Off on 8 Things to Expect From Your Collection Agency

Inside the Bitcoin Debt Crisis

Inside the Bitcoin Debt Crisis When the bitcoin bubble bursts, there will be quite a few investors in debt. According to Cointelegraph, about 22% of bitcoin investors used borrowed money to purchase bitcoin. People are even taking out mortgages to buy bitcoin, in addition to using credit cards and equity lines. This means there's a [...]

2018-01-16T11:00:23+00:00 January 16th, 2018|Articles, Debt, Financial|Comments Off on Inside the Bitcoin Debt Crisis

Why Selecting the Right Commercial Collection Agency is a Lot Like Dating

Why Selecting the Right Commercial Collection Agency is a Lot Like Dating When your customer doesn’t pay, how do you choose the right collection agency? Let’s face it, when you extend enough B2B credit, no matter how much research you perform or red tape you keep, eventually, a late paying/no paying customer is going to [...]

2018-01-15T08:22:28+00:00 January 15th, 2018|Articles, Debt, Professional Tips + Tricks|Comments Off on Why Selecting the Right Commercial Collection Agency is a Lot Like Dating

The 8 Biggest Debt Collection Myths Busted

The 8 Biggest Debt Collection Myths Busted Debt collection can be a taboo subject. There's a lot of misinformation about debt collection floating around the internet, so we're here to set the record straight. Here are the 8 biggest myths about debt collection busted: Myth | You can pay the original creditor instead of the debt collector. [...]

2018-01-08T10:25:02+00:00 January 8th, 2018|Articles, Debt|Comments Off on The 8 Biggest Debt Collection Myths Busted

4 Tips for Collecting During the Holidays

4 Tips for Collecting During the Holidays The end of the year can be a challenging time for managing your company’s accounts receivable revenue cycle. You have the pressure of closing out the year on a high note, on top of the standard holiday pressures and it’s the shortest work month of the year. Many [...]

2017-12-19T10:54:53+00:00 December 12th, 2017|Articles, Debt, Financial, Professional Tips + Tricks|Comments Off on 4 Tips for Collecting During the Holidays

5 Tips for Hiring a Debt Collection Agency

5 Tips for Hiring a Debt Collection Agency If you need to hire a debt collection agency, make sure you hire the right one. Here are 5 useful tips for hiring an agency that will fit your needs. 1. Do your research Make sure you find the right collection agency to fit your company's needs [...]

2018-01-17T16:01:00+00:00 December 5th, 2017|Articles, Debt, Financial, Professional Tips + Tricks|Comments Off on 5 Tips for Hiring a Debt Collection Agency

Credit Risk Assessment: How Do You Know How Much Bad Debt You Really Have?

Credit Risk Assessment: How Do You Know How Much Bad Debt You Really Have? It seems like a straightforward enough question. Any receivables manager should be able to answer it with a quick glance at a report or two. Unfortunately, the number at the bottom of the page is a lot like the tip of the [...]

2017-11-27T08:33:20+00:00 November 27th, 2017|Debt, Financial|Comments Off on Credit Risk Assessment: How Do You Know How Much Bad Debt You Really Have?