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Debts are a big part of every business. Many companies rely on borrowing or lending money to sustain or grow their businesses. Some even make a living out of granting debts. But the inability to control one's debts can be the cause of a company's downfall, which is why paying debts is a huge [...]
The history of debt collection may go as far back as the invention of money. In all that time, debt collection has been essentially unchanged. You borrow money from a creditor with the promise of paying is back within a certain time period. If that promise is not fulfilled, someone will come knocking at [...]
Once it has become necessary for a business to begin collection efforts on a debtor, there really is no turning back. The goal for the collection professional to keep in mind is that the end result is to help the company get back the money they are rightfully owed. Many debt collection agencies have proven methods [...]
Anytime you are in charge of running a business, you understand the importance of having a steady flow of income coming into the business. Without income and funding, you will be unable to keep your staff, order supplies, pay the utilities, and even pay for the lease of your building location. Adding extra stress to [...]
When you are in charge of accounting procedures for your business, chances are you understand the frustrations of attempting to collect on past due accounts. Your current procedure is most likely sending out invoices and then following up with a phone call, only to still come up without their repayment at the end of [...]
Why Should I Invest In Debt Collection? When a debtor fails to pay a creditor, the creditor is not only out the money they are owed, but they are also emotional about being taken advantage of. Invariably, when a creditor calls a collection agency regarding their debt recovery services, they want to vent their emotions [...]
Contingency Rates: No Collection, No Fee! One of the first questions creditors usually ask us is how much we charge for our debt recovery services. This is a reasonable question and one we’re very happy to answer and discuss. Of course, everyone wants to know about the collection process and how we will collect their [...]