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How to set up solid payment arrangements

Debt Recoveries

The key to any successful recovery, especially one via arrangement is to work with the debtor, not against them. You never know if you do not ask, so always start the negotiations by making it clear to the debtor that you want payment in full. Assuming you have already been down this track, consider a payment arrangement.

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5 ways to keep your customer when they are NOT paying

American Profit Recovery

While there are obviously disputes that need to be worked out, sometimes a customer just needs a little time and assistance to get caught up with your business. While there are obviously disputes that need to be worked out, sometimes a customer just needs a little time and assistance to get caught up with your business. We thought so!

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4 more myths about debt collections DEBUNKED

American Profit Recovery

Want to get the inside scoop on how things really are in the world of debt collections? There are untold amounts of myths regarding collection agencies and how they operate. And even more myths about how they interact and work with consumers. There is no set time frame for assigning a past-due debt to a collection agency.

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How to send a debt to collections

American Profit Recovery

Depending on the type of business you are operating you may have a regular need for debt collections, or you may just have a few accounts that have been lagging in payments. We are often asked when and how to send a customer into collections and our experts have come up with some advice for your business.

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Is your consulting firm losing cash flow? 4 tips to get back on track

American Profit Recovery

Here are a few tips from our experts on how to improve the cash flow of your professional services firm. Layout payment expectations at the beginning. This is why it is important for them to understand how you expect to be paid at the beginning of your professional relationship. Request a deposit for new relationships.

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Statute of Limitations on Debt Collection by State

Credit Corp

So, before you think about talking to a bill collector or agreeing to a new payment arrangement, it’s important to know what the statutes of limitations are in your state. Keep reading to learn more about what statutes of limitations on debt collection are and how they work. How Long Can You Legally Be Chased for a Debt?

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How to Write an Effective Credit Policy for Your Company?

Nexa Collect

This article provides tips on how to write a credit policy that balances your needs with the needs of your customers. When setting your credit policies you need to determine how risk-averse you are. How Competitive Is Your Industry? Quantify Your Comfort With Risk. Consider this when establishing your terms.

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