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Industries with the Best and Worst Recovery Rates

Nexa Collect

Construction. Retail/Consumer Misc. Plumbing, Heating, Air. Engineering. Interior Design. Travel Agent. Distribution. Medical / Athena. Publishing. Credit Unions. Pest Control. Auto Supply & Repair. Restoration Companies. Commercial. Contractors, Special Trade.

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Could the Recession be good for Debt Collection?

UK debt collections

The spike in job losses means people are unable to pay their personal debts and so on. This article takes a look how the recession could be affecting both Personal Debt Collection and Business Debt Recovery. The retail and construction sectors are particularly being hit hard by sector insolvencies.

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Debt Collection Now and Post-Covid

Nexa Collect

The turnaround came the following year, during tax refund season as the debt recovery levels went up substantially ( March/April 2020). Additionally, the government-assisted stimulus packages resulted in recovery rates jumping by almost 1.5 times than normal , because people wanted to pay off their debts with this extra cash.

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After-Tax Cost of Debt – How to Calculate it For Your Business

Debt RR

Net 30 accounts are common for products that businesses need to purchase routinely, like: Construction materials. Retail orders. The post After-Tax Cost of Debt – How to Calculate it For Your Business appeared first on Debt Recovery Resources. Creative services. Office supplies. Restaurant supplies.