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How to Reduce Your Collection Cost and Boost Your Cash Flow

Taurus Collect

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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How to Manage International Collections

Taurus Collect

When it comes to managing international collections, one key aspect that often stands as a challenge for businesses is international credit checking. Ensuring the creditworthiness of international clients is vital to prevent financial losses and enhance the efficiency of your collections process.

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The Growth Potential of the Debt Collection Industry: An In-Depth Analysis

Collection Industry News

Introduction: The debt collection industry plays a vital role in the global economy, helping businesses recover outstanding debts and maintain financial stability. This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks.

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How to get paid faster

On Guard

A more effective approach is using one of the smart, user-friendly solutions on offer that can help with the faster collection of outstanding accounts. Checking customer creditworthiness. It also doesn’t hurt to check the creditworthiness of new customers. Good insight doesn’t stop with determining creditworthiness.

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13 Best Practices in Credit Management and Collections

CICM

To celebrate, here are 13 Best Practices in Credit Management and Collections. Assess customer creditworthiness by reviewing their financial statements, references and obtaining a credit report. If your 90 day + debtor position is worse than six months ago then spend the time to understand why, and make changes to improve.

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Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Sawin & Shea

If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy. For example, a parent or another family member may become a co-signer for a low-credit borrower so that the primary debtor can obtain a desirable loan.

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How to get your invoices paid faster as an automotive and transport entrepreneur

On Guard

There is a variety of smart and at the same time very user-friendly technology available to help you collect outstanding invoices faster. Check the creditworthiness. It can be useful to check the creditworthiness of (new) customers. A good insight does not end with establishing the creditworthiness. Fully automated.