Are you starting to get worried that one or more of your customers will never pay your debts to you? Have you encountered a client who has directly told you that he does not intend to pay? Are you bothered by the fact that such non-payments actually have an overall negative effect to the financial aspect of your business? Fret not, for there are ways on how to collect this bad … [Read more...]
Why Use A Debt Collections Agency?
Bad debts can create lot of problems for both small and large businesses. As our economy continues to struggle, the problems created by bad debt are worsening around the US. Many companies have already gone bankrupt as they were unable to recover their millions of dollars worth of outstanding debts. Chasing up payments with customers is not only cumbersome, but is time … [Read more...]
Agency Collection – About Debt Collections
When faced with bad debtors, agency collection is a service you cannot afford to take lightly. Imagine you made a transaction of a business nature or otherwise that involved providing a service, product or even cash on credit terms. Now imagine the person or company you gave the valuable product or service is unable or simply refuses to pay up as agreed. This can lead to … [Read more...]
Using A National Collection Agency
Small and medium size business often over look using a national collection agency for their past due accounts receivable. A bill becomes past due and there is an attempt from the accounting department to send a couple of letters or perhaps make a phone call or two, but it ends there. At that point it stays on the books until someone in accounting decides to write it off as a … [Read more...]
5 Clues That Your Customer Is Not Going To Pay You
There isn’t a business out there that is immune to slow payers or non-paying customers, but what can you do to prevent this from happening? Keeping an eye on your customers’ accounts is an important part of preventing bad debt or payment problems. I would like to share some “red flags” with you that can help you identify when a customer is having financial problems or is just … [Read more...]
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