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Household debt just exceeded $17 trillion-is your small business ready?

American Profit Recovery

There has never been a better time for your business to hit the pause button and thoroughly analyze your entire accounts receivables program. That also includes the debt collection process your business has implemented and the partners you use to enhance your cash flow. Picture your personal life.

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Collection agencies can help with some of your biggest concerns

American Profit Recovery

Customers and clients paying you on time or paying you at all can be one of your biggest concerns. When cash doesn’t come in the door on time, that can present a huge challenge for your organization. Not the least of which is meeting payroll and following through on your own financial obligations as a business.

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The Cost of Bad Debt to Your Business

JMA

Owning a business also involves a lot of trust, and this trust goes hand in hand with debt. When your business provides goods or services to a customer, there is an element of. Read more » The post The Cost of Bad Debt to Your Business appeared first on JMA Credit Control.

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How to Cultivate Better Relationships with Debtors

Credit Management Company

When individuals or businesses fall behind in payments, the situation often results in frustration and a breakdown in communication for both the debtor and the creditor. Building positive relationships, or at least productive ones, goes beyond the baseline step of following the Fair Debt Collection Practices Act (FDCPA).

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How to Deal With the Deadbeat Shuffle

Collections Law

Sometimes the sporadic payments are because of your debtor’s cash flow. Other times, it is just a game to cause you to delay so that they may try to put assets out of your reach. You want to hold on to the customer, if only in the hope of getting more of your money. Cohen LLC to Collect Your Bad Debts.

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Utility Debt has Doubled Since the Pandemic – Here’s What Companies Can Do

True Accord

Delinquencies are rising across all industries, but utility debt specifically has doubled from pre-pandemic levels, and as moratoriums ended customers faced the onslaught of unpaid bills. But the pandemic did illuminate how well customers respond to digital communications and self-serve options for their utilities.

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Free Customizable Monthly Budget Template to Plan Your Finances

Credit Corp

This monthly budget template is a tool that you can use to plan your finances for the month and see if you’re underspending or overspending based on your planned expenses and income. If you’re like many Americans with bad spending and saving habits, it’s helpful to understand how a monthly budget planner can be a useful tool.

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