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...]
Collection Of Debt
Mostly companies have to deal with debtors who are not interested in paying up their invoices, even when they were reminded of it umpteen times. In some cases, there are genuine reasons that prevent debtors from making payments, but in other cases, borrowers simply try to dupe creditors into believing that they do not have sufficient funds to clear their debts. In most of the … [Read more...]