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REDUCE BAD DEBT USING CREDIT APPLICATION FORMS

Debt Recoveries

A good way to reduce bad debts is having great systems in place at the beginning. One of the best tools you can have is a credit application form. Basically, this is a request, usually in writing, for an extension of credit. Amount of credit extended. Cost of the credit (i.e.

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What Is a 1099-C Form and How Does It Affect Your Credit?

Credit Corp

A 1099-c cancellation of debt form is issued when a lender forgives or cancels a debt. The 1099 c form helps the IRS account for canceled debts from the previous tax year. The 1099-C cancellation of debt form deals with canceled or forgiven debt from the previous tax year.

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How To Get a Car Loan With Bad Credit [5 Steps + Tips]

Credit Corp

Are you one of the 16% of Americans with a low credit score? Low scores can stick around from poor financial habits when you were younger or if you’re still working up your credit score. If you’re in that 16%, you’ve probably wondered how to get a car loan with bad credit. This ranges anywhere from 10–20%.

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Business leaders take note: 3 tips to better ensure you can collect on debt

Collections Law

The adage about an ounce of prevention being worth a pound of cure holds true in the business world — especially when it comes to debt collection. It takes time and effort to collect the debt that could have spent on other endeavors. You should not use a boiler-plate fill-in-the-blank pre-made forms to achieve this goal.

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6 Quick Steps to Increase Cash Flow and Reduce Debt

Debt Recoveries

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia.I want to share some quick ways you can increase your cash flow and at the same time, reduce your account receivables. Here are six quick ways for you to increase cash flow and reduce debt: Systems and Processes.

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How to Build Credit: 12 Tips to help Improve Your Score

Credit Corp

Learning how to build credit can help if you have a bad credit score or want to improve your current score. You can start by getting a secured credit card, becoming an authorized user, or getting a cosigner on a loan. In this article, we go over 12 tips that can help regardless of your specific credit situation.

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Uncollectible and Bad Debts – A Detailed Overview

Debt RR

The sale of goods on credit plays an important role in the effective functioning as well as the long-term financial health of any business enterprise. Typically, credit sales form a significant chunk of a company’s total turnover as compared to cash sales. When is a Debt Considered Uncollectible?

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