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Jun 15

Can Bad Debt Be a Good Sign

In the last economic downturn for your industry, did your bad debt increase materially? While on the surface, customers not paying may seem bad for business. It leads to lost revenue and potentially lost customers, which ultimately will hurt your bottom line. Yet, this increase in bad debt during the downturn can actually show that you …

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Jun 09

The Hidden Dangers of Consignment

If your customers are experiencing financial difficulties, they may suggest changing their credit terms with you. Other times it may be you who suggest changing the terms in order to reduce risk. One arrangement to be wary of though is any in which you supply the goods on a consignment basis. This may seem to …

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Permanent link to this article: http://c2cresourcesblog.com/hidden-dangers-consignment

Apr 24

Social Media and Collections

Social media is hard to avoid these days. Some people love it, others despise its constant presence, but one things for sure: it is here to stay. Yet, can a business really use it to improve their collection process? Yes, If used correctly, It can be a valuable tool when accessing the health of business …

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Permanent link to this article: http://c2cresourcesblog.com/social-media-collections

Mar 31

6 Steps to Take When a Customer Files for Bankruptcy

As a business owner, you always hope your customers will be financially stable and able to pay. Unfortunately, some customers will end up filing for bankruptcy. This can be a stressful time, especially if it was one of your more important customers. You may be asking yourself “What do I do now?” or “How do …

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Mar 27

How to Avoid Preferential Debt Payments

Everyone has creditors they would rather pay back before others (such as debts owed to family or friends), but if you pay back these creditors prior to filing for bankruptcy they could be considered preferential debt payments. This would allow the bankruptcy trustee to recover any payments made in order to more evenly distribute it …

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