Running after unpaid invoices can be too tiring. Sometimes retrieving money from your customers may not seem such a challenging task. But trust me, in some cases, you might require professional help. Research says that opportunity costs because of delay in payments can destabilize a company's...
When your customers owe you a lot of money, your cash flow gets blocked. Running your business requires a steady flow of cash, and any stagnancy can lead to constraints. Late invoices are standard but may be problematic if the payment keeps on delaying. Debt...
All over the world, people keep receiving telephone calls from strangers who claim to be debt collectors, and these said debt collectors seek to receive loans. These calls are often for loans that customers have never obtained or for loans they have acquired, but for sums...
If you have been contacted for the first time by a debt collector, or you're concerned that a collector may contact you soon because you've fallen behind on your bills, you probably have a lot of questions and you're likely anxious about this method. Before...
At a certain stage, most of the companies will find a situation where a customer does not pay on time, refuses to pay completely, or cannot afford to pay the full amount for services provided. If you own a small company, you do understand how...
Debt collection laws are the main regulators of the actions and practices that are undertaken by Debt Collection Agencies, Creditors, and other debt recovery agents. In order to ensure a fair debt collection procedure, the legal actions and pre-trial proceedings must comply with state and...
As a b2b debt collector, dealing with negativity means trying to find support and equilibrium wherever possible. In general, negativity may have an effect on anything from health to family life. In certain professions, such as debt collection, negative emotions may be rife. No one...
In most companies, debt collection is an unfortunate reality. If buyers are eventually unable to pay for their purchase, the effect of those missed dollars can be significant. In particular, the inability of small businesses to recover unpaid accounts receivable could have major consequences. In...
Collecting past-debts is necessary in any b2b business, but most of the b2b businesses facing this as a common challenge due to non-payment of customers. Tracking down unpaid debts is yet another task that should be applied to a long list. And it's no wonder businesses may...
While running a business, collecting the past due payments from your business customers can be one of the most daunting aspects. Here's a simple fact: It's easy to make a mistake when engaging in debt collection for companies that aren't specialized in debt recovery. In...