Should I require a signed personal guarantee before extending corporate credit?
In the attempt to provide quality customer service, you want to be able to accommodate client requests. It can be tempting when a big deal comes along to be willing to extend corporate credit in order...
View ArticleIs There Anything Different About Online Debt Recovery?
With Etsy, eBay, Pinterest and any number of other e-commerce business transaction options, you may never see your customers face to face or know their stories. When your clients do not live in your...
View Article5 Reasons Why You Shouldn’t Wait to Collect Debts
Many companies allow many months to pass before seeking debt collection. The problem with waiting is that it decreases the chances that it will ever be collected. The more time that goes by the more...
View ArticleEstablishing Your Debt Collection Process
For every small business, a healthy cash flow is important. You have to ensure that all receivables are paid and that your finances remain solvent. First and foremost, you have to ensure that bad debts...
View ArticleBreaking Down Collection Complaints Data
Most commercial debt collection companies are lumped into one big group and given a bad reputation by the general public. However, this is often the case of a few bad apples spoiling the entire bunch....
View ArticleDebt Collection Resolutions for 2014
It might be a little late for New Years Resolutions, but that doesn’t mean you have to wait until next January to get your debt collection process in order. Any month could be the perfect opportunity...
View ArticleSix Ways to Automate the Collection Process
The process of collecting outstanding debts can be both frustrating and time consuming. Between making collection calls, sending debt collection letters, filing legal paperwork, and implementing some...
View ArticlePersonal Debt Collection Advice
Personal debt collection is one of the most difficult topics in the debt collection industry. These collection situations almost always exist between friends or family members who used to be close....
View ArticleCould Compliance Regulations Actually Improve Your Bottom Line?
Most debt collectors cringe the very moment that the topic of compliance is brought up. That is because compliance issues are almost always viewed as red tape that ends up being a drag on...
View ArticleWhat Types of Assets are Exempt from Debt Collections?
One of the most misunderstood aspects of the debt collection process comes into play after a judgment is awarded and the creditor looks to collect some form of compensation on the amount owed. Despite...
View ArticleWhat Happens to a Debt if the Debtor Dies?
As if there aren’t already enough rules and regulations to be aware of when collecting debts from living debtors, there are even more that you will want to be aware of if your debtor should suddenly...
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