How to Be Proactive in Uncertain Times

How to Be Proactive in Uncertain Times We can only speculate at this point what government laws will take effect and how it will affect our economy this year. Times are changing rapidly, and with the recent government shutdown, there's no telling what else is around the corner. The economic uncertainty of the last decade [...]

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?

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

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

The Great Bitcoin Insurance Debate

The Great Bitcoin Insurance Debate You've no doubt heard of bitcoin, but what about bitcoin insurance? While there are a few bitcoin insurance policies floating around, there's still no widespread standard set in place. Only a handful of large, well-known insurance agencies will protect against bitcoin loss and theft. Why do we need bitcoin insurance? [...]

2018-01-05T16:41:08+00:00 December 11th, 2017|Articles, Financial, Insurance|Comments Off on The Great Bitcoin Insurance Debate

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?

What Do You Do When the Debtor Says, “No”?

What Do You Do When the Debtor Says, "No"? By: Dennis Falletti Collection cases go unresolved every day when a debtor refuses to pay after being contacted by a collection agency or attorney. So what can be done? The first step is to determine whether or not the balance size and situation warrants litigation. The second [...]

2017-11-20T08:33:40+00:00 November 20th, 2017|Articles, Financial|Comments Off on What Do You Do When the Debtor Says, “No”?

Flood Insurance Reform: What To Expect

Flood Insurance Reform: What To Expect After years of postponement, the U.S. House of Representatives was preparing to vote on a bill that would reform the National Flood Insurance Program (NFIP) before it expires on Dec. 8. The vote, however, has been delayed once again due to a "technical" issue. What is the NFIP? Created [...]

2017-11-14T10:14:11+00:00 November 14th, 2017|Articles, Financial, Governments, Insurance|Comments Off on Flood Insurance Reform: What To Expect

Answering All Your Questions About the ANC

Answering All Your Questions About the ANC The workers' compensation Audit Noncompliance Charge (ANC) was implemented by the National Council on Compensation (NCCI) on January 1, 2017 (with the exceptions of Alaska and Texas), with the intent to provide carriers with a more uniform approach for employers who don't allow records to be examined and [...]

2017-12-29T10:54:03+00:00 November 6th, 2017|Articles, Audits, Financial|Comments Off on Answering All Your Questions About the ANC