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...
There are many aspects to run a business, but the simplest bottom line is that – you products and services in exchange for payments collected from your clients. Clients can be individual customers or they may often other businesses with which your company may contract....
Many companies work hard to maximise debt collection performance by closely working with their collection teams and Debt Collection Agencies (DCAs). However, many business owners encounter many challenges on a daily basis due to lack of proper planning while collecting the debts from their customers. Let’s have...
Collecting a debt can be challenging, specifically when the defaulters move without updating the forwarding address. The longer it remains delinquent, the less likely you are to recuperate the liability. In such scenarios, hiring a debt collector who is capable of recovering the funds on your...