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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...

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Is 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...

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5 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...

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Establishing 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...

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Breaking 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....

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Debt 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...

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Six 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...

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Personal 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....

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Could 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...

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What 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...

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What 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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