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Finding A Collection Agency: Part 3 - Things to Consider

Credit Management Company

One way is to hire collection agencies. Finding the best collection agency partner is a reliable way to get the money your business needs. With effective collection agents, you can get paid faster and increased legal protection. Different agencies receive smaller or larger portions of your debt collection.

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How to Collect Debts Fast and Improve your Accounts Receivable

Debt Recoveries

In order to prevent serious cash flow problems before they get started, here are 12 quick tips to collect debts fast and make sure your receivables continue flowing smoothly. . Knowledge is power, and the more you know about your debtors/customers, the more power you have. Our debtors know we will not give up easily.

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Risk & Reward: A Collection Agent’s Point of View

The Kaplan Group

In collections, we often have to weigh risk and reward and make similar calculations. When trying to decide what the riskier or safer course of action is, we consider not only the amount of money owed, but also the specific debtor company and management, the business sector and the economy in general.

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6 Quick Steps to Increase Cash Flow and Reduce Debt

Debt Recoveries

Slow paying debtors means more cash is locked-up so you cannot use it to pay your own bills and staff; this is usually the biggest contributor to bad cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. Do you have a credit application form?

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Managing Cash Flow During Covid

Debt Recoveries

Slow paying debtors means more cash is locked-up preventing you from using it to pay your own bills and staff; this is normally the biggest contributor to poor cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. . Do you have a credit application form?

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Collections at Christmas Time - Tips for Collecting During this Notoriously Difficult Season

Credit Management Company

Patient collections can be a challenge any time of the year, but are particularly stressful during the Holiday season. Some collection agencies make the mistake of pausing collection efforts during this time of the year to avoid increasing tension between the healthcare provider and the patient. Timing is Everything.

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Cash Flow during COVID

Debt Recoveries

Slow paying debtors means more cash is locked-up preventing you from using it to pay your own bills and staff; this is normally the biggest contributor to poor cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. Do you have a credit application form?