Debtors Control: signs you need to outsource this function
Possibly the most difficult area of any business is getting customers to pay on time. Or pay up at all. There are always problem people who either assume that if they leave a debt long enough it will go away – or those who would pay but find themselves in awkward...
Uncollectible Debt: time, tax and tenacity
Sometimes debts become uncollectable and have to be written off by the creditor. There are many reasons for this, such as: debtor’s bankruptcy, an inability to find the debtor, fraud on the part of the debtor, or lack of proper documentation to prove that debt...
How working with a Debt Collection Agency affects your credit rating
When you don’t pay your debts you are likely to become a liability to your creditor. After phone calls and letters do not elicit payment of an outstanding account, a frustrated creditor could hand your account over to a debt collections agency. These are...
Debt Collection: Why you need an agency
Possibly the most difficult thing about running a business is the process of extracting money that is owed by customers. As in any situation where money is owed, whether a loan that is due or accounts that haven’t been paid, it’s an awkward business for any individual...
