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Collection Industry News
AUGUST 1, 2023
Our comprehensive services cater to businesses dealing with debtor companies or surplus inventory. Case Study: Machinery and Equipment Liquidation At Dudley Resources, we understand the urgency businesses face when dealing with debtor companies and the need for rapid machinery and equipment liquidation.
Nexa Collect
FEBRUARY 3, 2022
Collection Agency itself: A collection agency that follows a friendly approach makes persistent contacts, follows legally complaint tactics , yet a firm approach will recover maximum money. Debtors are less likely to pay when they feel threatened. They must know how to recover the debt diplomatically instead of forcefully.
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FFGN COLLECT NY
AUGUST 4, 2021
The debtor bought 45 truckloads of furniture from now-defunct restaurants and hired our client to pick up, move, and store the goods. The client performed their portion and then the debtor stopped paying. And, if the debtor was not paying , they might be able to sell the goods and artwork for far more than they were owed.
Troutman Sanders
NOVEMBER 13, 2023
On November 2, the Federal Housing Administration (FHA) announced its publication of updated appraisal requirements for valuation of certain manufactured homes. For more information, click here. State Activities: On November 9, the State of Minnesota enacted a bill, Chapter 70 — S.F.No.
FFGN COLLECT NY
OCTOBER 27, 2020
This happens with clients in all industries, but we find it especially common in specialty chemical clients in situations where the debtors rely on the products they’ve been cut off from due to non-payment. The debtor may allege their business can not survive without the creditor’s product. Each got what they wanted.
Nexa Collect
JANUARY 16, 2021
Having open contact with both new and longtime customers and partners is vital to building an environment of efficient collaboration and honest mutual dependency. Just staying informed about what’s going on in the industry and keeping in regular contact with your partners is enough. Trust and communication.
Credit Management Company
JUNE 4, 2019
While healthcare providers are most commonly associated with debt collection, lenders, manufacturers, service companies, retailers, contractors, and even independent contractors can benefit. Monitoring when certain debtors become solvent. Offering online payment options. Prioritizing accounts most likely to pay.
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