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Effective debt collection

Effective debt collection

There are many pitfalls in debt collection. A simple mistake can be costly for any business, yet a carefully prepared credit collection plan can go a long way in attaining successful collection. Jane Houston, in an article, gave some tips through her Collection...
Choosing the right collection agency

Choosing the right collection agency

Successful debt collection rests on many factors. To be able to collect, even collectors need to adopt the right attitude. Any business looking for the right collection agency must be able to choose based on several criteria. Here are some quick tips on how to go...
Handling Overdue Invoices

Handling Overdue Invoices

At some point, companies have to deal with overdue invoices. Whether the term is 30 days or more, there are clients who, for one reason or another, fail to pay on time and this is one concern that should be dealt with on a regular basis. As we all know, survival in...
Imposing Interest on Unpaid Accounts

Imposing Interest on Unpaid Accounts

Most of the time, a business operation encounters overdue or unpaid accounts when customers fail to pay on time. While some companies do not impose interest on unsettled accounts, others do add a provision that in case the invoice goes overdue, interest is charged...