If you’re the owner or CEO of a company, you’re probably familiar with what happens when you have a struggling employee. You sit down with the struggling employee and assess what they’re doing wrong. You ask them to improve and then, six or eight weeks later you assess their improvements. Sometimes things get better, sometimes … Read more
Write Offs Can Be Part Of A Profit Maximization Strategy No one wants bad debt. Everyone hates it when you do not get paid. But, is it possible that never having had a bad debt is a sign of a problem? Absolutely! Over the last few weeks, I’ve heard these comments from a few CFOs: … Read more
An article posted recently called Fake collectors are trying to scare you into paying debts you don’t owe explains the rise in recent years of fake debt collectors attempting to scare Americans into paying debts they don’t owe. Just this year, federal authorities shut down two fake debt collection scams based in California, claiming they … Read more
The Bradenton Herald Today recently published an article called Ask Doctor Debt is a Debt Collection Resource for Active Military Personnel, which explains the Servicemembers Civil Relief Act (SCRA). The SCRA is an act which was created to ease the financial burdens on members of the U.S. Military who are on active duty. According to … Read more
When you receive a phone call on your cell phone from an unfamiliar number, do you answer the call? Soon you may not want to since debt collectors may be able to call using cell phone numbers. Right now, these calls are largely prohibited, but the President and Congress are considering allowing these calls to … Read more
Most people are not aware of just how important debt collection services are to the business world. They assume that the average business customer pays their bills on time. While for the majority of businesses this is true, there are times when a business either cannot or will not pay their bills and someone has … Read more
As a collection agency, we often have debtors attempt to avoid dealing with us by trying to hide behind rights provided by the Fair Debt Collection Practices Act (FDCPA). The FDCPA applies to consumer debt but not to business to business debt collection. Successful commercial debt collectors need to know which rules apply to their … Read more
What Services Should You Demand of an Outside Collection Agency?Originally published May 1, 2000, in CreditToday, by Jerry Kaplan There are a lot of collection agencies out there that would be happy to get your business. You might be using one or more of them now. But are they giving you the services that you … Read more
