Useful helps for how to collect commercial debts.
Investigating the debtor is a significant part of the process of collecting. Good Collection Specialists spend time investigating a debtor for a multitude of reasons that not only expedite a resolution to a debt, but also benefit both the creditor … Read More »
Commercial Debt Collections: Is Your Customer in Danger? A comment to one of our recent blogs titled, 5 Warning Signs That Your Customer is In Danger of Falling Behind, captured our attention. We found the commenter’s words to be so … Read More »
Commercial Debt Collectors take note taking very seriously. You should, too. Every single discussion with a debtor should be well documented. Even if your memory is outstanding, details will get lost or become vulnerable to faulty recollection. We’re human. We … Read More »
The IACC reports that, according to data from Epiq Systems, Inc., total US bankruptcy filings in October increased 16% when compared to September. Commercial filings were up 19% from 4,029 filed in September to 4,780 in October. Commercial chapter 11’s … Read More »
Extreme Debt Collectors: What’s Their Secret To Success? You’ve heard the horror stories: Debt collectors who go to negative extremes to collect a debt, sometimes in ways that are extremely unethical or just plain low. The debt collections business is … Read More »