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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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.

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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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Debt RR

SEPTEMBER 9, 2020

However, there are instances when a company is unable to collect these outstanding amounts. According to Investopedia , some of the reasons for default could be due to the debtor filing for bankruptcy, the inability to trace the debtor or fraud. How Old Can a Debt Be Before It Is Considered Uncollectible?

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Turbo Recovery

FEBRUARY 28, 2018

At the same time, also take caution if you notice very large balances as this might show that the debtor might not have been actively trying to pay the balance. The best thing that you can do with your current clients to ensure that you collect payment is work with them. Proactive Awareness “Red Flags”.

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