The World Bank estimates that about 80.3% of all business deals in the world are done on some form of credit. However, about half of all those debts are either paid late or end up as bad debts. To avoid losing your money and also keep a generally good relationship with the customer,the services of collection agencies are required. So, what is a collection agency? A collection … [Read more...]
Debt Collection Agencies Can Help
Many companies are concerned about money owed to them by individuals or other organizations so it is very important for them to employ the professional help from collection agencies. Debt collection agencies are the ones who are well equipped and more knowledgeable when it comes to figuring out which methods to use to effectively collect debt from the debtors. Businesses and … [Read more...]
Medical Collections
Medical collections are an issue in a lot of hospitals and other medical institutions. Having a debt collection agency work on the medical collections can be quite a challenging task for any office manager for different medical institutions. There may be times when the hospital office manager will create the monthly or annual financial statements and then realize that there … [Read more...]
How To Make Effective Collection Calls
Collection calls are hard because they are a part of business, but it is also a personal matter – which is what makes it so hard to do. People get emotional and have to make business decisions about their bottom line. How To Make Effective Collection Calls Calling a past due customer and asking them to pay their bill is not on the top of anyone’s list of fun things to do. … [Read more...]
Important Issues Related to Commercial Debt Collections
The rules and regulations governing commercial debt collections are completely different from the consumer debt collections. One can find lots of information related to consumer debt collection. There are many companies that specialize in this field. However, when it comes to commercial debt collection, it can be little tricky to find the right company that provides reliable … [Read more...]
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