Credit Management Company
FEBRUARY 22, 2022
The average American has over $90,000 of debt , and many struggle to manage this number. Therefore, many people find themselves encountering collection agencies at one point or another. Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts.
CICM
SEPTEMBER 15, 2023
However, many organisations also source the services of specialist external Debt Collection Agencies, or DCAs, to aid the recovery of unpaid debts. Debt Collectors in those external DCAs have the job of recovering the money and returning the funds to the organisation that is owed it.
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Debt Recoveries
OCTOBER 31, 2020
In operating and building a company, your accounts receivables are actually an asset to your business, but you still need to collect the money. So why use a debt collector instead of doing it yourself? In my experience, an invoice that is 90 days overdue only has about a 50% chance of being collected in full.
Credit Management Company
MARCH 8, 2022
Are you worried that if you refer your customers to a debt collection agency you’ll lose control of your brand? If you’ve had negative experiences with debt collectors, you may think that asking someone else to handle your unpaid invoices is the wrong move. A collection agency can help in those situations.
Debt Recoveries
APRIL 2, 2020
The COVID-19 has taken the world by surprise and we at Debt Recoveries Australia and ADC Legal wanted to share some our top 10 credit control tasks you can complete before you send the debt to a debt collector. AICM ( Australian Institute of Credit Management) is a particularly useful point of reference.
Taurus Collect
APRIL 9, 2024
This introductory guide aims to explore the mechanics of No Cure No Pay debt collection and its potential to revolutionise financial management strategies for businesses across the UK. The Collection Conundrum: Details and Challenges Understanding collections goes beyond a simple “payment is due” notification.
Debt Recoveries
JULY 24, 2022
Dealing with non-paying customers can be extremely frustrating, as any credit manager knows. While customers will do anything to avoid paying their debts, it is more practical to hire the services of a debt collection expert to persuade debtors to make payments. . Contact a Debt Collection Expert right away -?
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