by Marie Benesh | Feb 18, 2014 | Blog, Business, Industry News
It’s always been a problem for debt collectors when the debtor becomes missing and stops paying his obligations. Melvin Richardson wrote that skip tracing is a process that debt collectors can utilize to locate a debtor who has decided, for whatever reason, not to...
by Marie Benesh | Jan 11, 2014 | Blog, Business, Industry News
When chasing up late payments, it is important to discover the exact reason why customers are not paying on time, according to an article that appeared on Quick Reference which offers tips on avoiding customers not paying on time. With these tips, we get an idea why...
by Marie Benesh | Jan 6, 2014 | Blog, Business, Industry News
Small businesses often do not have the resources to collect overdue accounts. A survey conducted by the Credit Research Foundation (CRF) revealed that on average 86.9% of accounts are current, while 0.66% are over 90 days past due. When accounts are over 90 days...
by Marie Benesh | Dec 26, 2013 | Business, Industry News
Most people spend a lot during the holiday season as they buy gifts, pay for dinners or travel during holidays. Will you stop collecting during this time? Or will you continue your collection efforts? These are questions that you need to resolve. Collection efforts...
by Marie Benesh | Oct 22, 2013 | Business
The biggest challenge that a small business owner faces is getting paid of the debts owed by customers when it becomes due. The good news is, with little preparation, you can minimize late payments and develop the business radar that lets you know when an account is...
by Marie Benesh | Oct 16, 2013 | Business
For any business, cash flow is everything as it can make or break the whole operation. But it is also perfectly normal to extend credit to customers to raise sales and generate revenues for the company. However, there are always general rules on extending credit to...
