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May 4 2024 05, 2024

How to Properly Evaluate a Debt Collection Agency

By |May 4th, 2024|Blog|Comments Off on How to Properly Evaluate a Debt Collection Agency

There is a time in every business story when managing the accounts receivable becomes too big for the core team. Many companies hire a collection agency to handle their problematic or delinquent accounts when that happens. This can be a big help in alleviating some of the workload from your best people, allowing them [...]

May 4 2024 05, 2024

5 Key Lessons from The Psychology of Money by Morgan Housel

By |May 4th, 2024|Blog|Comments Off on 5 Key Lessons from The Psychology of Money by Morgan Housel

Legend has it that Morgan Housel wrote a large chunk of the first draft of The Psychology of Money in the same format as every other financial advice book, but then he took a hard left turn and chucked that draft into the trash. Housel had spent a large portion of his life breaking [...]

May 4 2024 05, 2024

Invoice Formatting Tips: 5 Ways to Make Sure You Get Paid First

By |May 4th, 2024|Uncategorized|Comments Off on Invoice Formatting Tips: 5 Ways to Make Sure You Get Paid First

The best way to maximize your collection efforts is to minimize the number of collections you have in the first place, and reducing the number of accounts in collections starts with formatting your invoices. Invoices are the primary means of asking your customers to pay you for services rendered, but their effectiveness can vary [...]

May 4 2024 05, 2024

Can Debt Collectors Report Collections on My Credit Report Without My Social Security Number?

By |May 4th, 2024|Blog|Comments Off on Can Debt Collectors Report Collections on My Credit Report Without My Social Security Number?

One of the most common misunderstandings about the debt collection industry is that many consumers believe that debt collectors can only come after them if they provide a social security number at the time the debt is incurred. However, those consumers often find that this is not the case once those debts make their [...]

May 4 2024 05, 2024

Can Debt Collectors Access My Credit Report?

By |May 4th, 2024|Blog|Comments Off on Can Debt Collectors Access My Credit Report?

Are you under the impression that the only people who can see your credit report are the ones you authorize when applying for new credit? That is not exactly the case. Believe it or not, debt collectors can actually pull your credit report, and they don't even need your permission to do so. Even [...]

Nov 21 2023 11, 2023

7 Areas Your Business Could Cut Costs to Save Money in 2024

By |November 21st, 2023|Blog|Comments Off on 7 Areas Your Business Could Cut Costs to Save Money in 2024

With the global pandemic in our rearview mirror and an upcoming election here in the United States, 2024 should be an opportunity to post record numbers for businesses of all shapes and sizes across the country. However, things aren’t as positive as we might like to see closing out 2023. Regardless of the shape [...]

Nov 17 2023 11, 2023

5 Reasons to Partner With a Commercial Debt Collection Agency to Handle Your Collections

By |November 17th, 2023|Blog|Comments Off on 5 Reasons to Partner With a Commercial Debt Collection Agency to Handle Your Collections

Operating a small business can be overwhelming, even on the best days. Unfortunately, the best days have been few and far between for most businesses across the country over these past few years. Between economic fears limiting consumer spending and rising costs leading to shrinking margins, almost everyone feels the pinch today. That means [...]

Nov 16 2023 11, 2023

Six Easy Ways to Trim Your Budget and Get Out of Debt in 2023

By |November 16th, 2023|Blog|Comments Off on Six Easy Ways to Trim Your Budget and Get Out of Debt in 2023

Rising interest rates are putting a strain on consumer finances across the country, and no one is sure whether inflation has finally calmed down or not. Whatever you think about economic policy, there is no denying that we’re all struggling to adjust right now. While conditions are certainly not ideal, getting ahead is still [...]

Sep 20 2023 09, 2023

Avoiding Time-Barred Debt: Six Tips to Make Sure You Stay On Top of Your Collections

By |September 20th, 2023|Blog|Comments Off on Avoiding Time-Barred Debt: Six Tips to Make Sure You Stay On Top of Your Collections

Once an outstanding debt reaches time-barred status and is no longer collectible, there is little that a creditor can do to recover the amount owed, so the best approach to handling time-barred debt is to avoid getting to that point in the first place. If you want to ensure that your outstanding balance doesn’t [...]

Sep 17 2023 09, 2023

Four Reasons Why Improving Your Debt Collection Rate is the Best Way to Increase Cash Flow

By |September 17th, 2023|Blog|Comments Off on Four Reasons Why Improving Your Debt Collection Rate is the Best Way to Increase Cash Flow

Cash flow is commonly said to be the lifeblood of any good business, so it only makes sense that the best companies would want to do everything in their power to increase cash flow. Improving the debt collection rate is one of the easiest ways to increase cash flow for any company extending credit [...]