Nexa Collect
JULY 19, 2020
Carrying the lowest possible level of bad debt involves having a sound credit policy and shortened collection periods. . There is always an allowance for doubtful accounts, but don’t become negligent about how much you allow. Maintain clear records of your practice’s attempts to collect an outstanding balance. . or after 9 p.m.
On Guard
MARCH 25, 2022
Debtor management or accounts receivable seems fairly simple: money arrives, you note that the customer has paid and book the money into the company bank account. But those who know the process a little better, know that accounts receivable, especially in the automotive industry, is rarely that simple.
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Payment Savvy
JULY 21, 2020
We don’t need to justify the vital role collection agencies play in our economy. Agencies also help consumers stay accountable for their financial purchases with manageable repayment plans. Are you interested in opening a collection agency? Acquire Debt Collection Software. Not sure where to start?
Payment Savvy
JANUARY 7, 2021
When an account goes past due, many send the account to a reputable and compliant collection agency to obtain monies on their behalf. Even during debt collection, agencies should deliver exceptional customer service and, ultimately, end the relationship with a satisfied customer. Personalize the Collection Process.
Troutman Sanders
JUNE 30, 2021
On June 26, Minnesota Governor Tim Walz signed into law a bill that expands the regulation of the accounts receivable management industry to include debt buyers and affiliated companies. Debt buyers, like collection agencies, must apply for a license with the commissioner of the Department of Commerce by January 1, 2022.
Credit Management Company
FEBRUARY 8, 2022
Perhaps you need to consider working with a collection agency. Read on to learn how to hire a collection agency that will serve your best interest and protect your good reputation. Menacing threats and middle-of-the-night phone calls are not the methods top debt collection agencies use. Evaluate Their Customer Service.
Recoverity
DECEMBER 7, 2021
Our commercial debt collection agency is certified by the oldest and most prestigious creditors’ rights association in North America, the Commercial Law League Of America (CLLA). The post GGR appeared first on Recoverity.
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