Burt and Associates
APRIL 1, 2024
Tackling Business Debt Collection in 2024: Hurdles and Game Plans for Entrepreneurs One constant challenge remains for business owners – getting paid on time. As we head into 2024, let’s look at the major debt collection roadblocks entrepreneurs will face, along with some essential tips for navigating this tricky territory.
Taurus Collect
APRIL 9, 2024
In the dynamic landscape of business, maintaining a healthy cash flow remains a paramount challenge, particularly in the face of rising collection costs. This is where the innovative concept of No Cure No Pay debt collection in the UK presents a compelling solution. It’s part art, part science, and entirely essential.
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CICM
JULY 26, 2023
Assessing Creditworthiness A Credit Controller are responsible for evaluating the creditworthiness of a potential or existing customer. Being able to identify, interpret and communicate any warning signs allows the Credit department to make informed decisions regarding credit extensions, risk management and debt recovery strategies.
Taurus Collect
JANUARY 2, 2023
Collections have a negative effect on your credit score. If you fail to pay back your creditor or lender or miss out on instalments regularly, they may resort to a debt collection agency or sell your account to a debt buyer. What is the difference between a collection account and a charge-off account?
Debt Recoveries
JUNE 11, 2023
Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. Establishing credit terms, assessing creditworthiness, generating bills, and keeping track of past-due payments are all part of it. An essential aspect of credit control is invoicing. or 1300 799 511.
Collection Industry News
JUNE 1, 2023
Introduction: The debt collection industry plays a vital role in the global economy, helping businesses recover outstanding debts and maintain financial stability. The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts.
Debt RR
OCTOBER 13, 2019
In general, a ratio of one or above indicates that there are enough funds to cover upcoming debt payments, while a ratio of below one warns of the potential inability to fully repay the debt. The higher the DSCR from a borrower, the better for the business collecting the debt.
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