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Tag Archives: debt collection

Late Fees: Are They Worth It?

27 Dec

As we have said in the past, credit terms are never a one size fits all concept. Though the industry standard tends to be Net-30, there are many reasons why it might make sense for you to shorten or lengthen … Read More »

Business Practices accounts receivable, business, cash flow, collection calls, collection letters, credit terms, debt collection Leave a comment

Friendly Example of a Collection Letter

5 Nov

Our collection timeline will help you figure out what type of letter or communication to send and when to send it. This still leaves the question of what a collection letter should say.  We recommend an approach based on the age of … Read More »

Collection Calls and Letters for Commercial Debt Collections business, business debt collection, commercial debt collection, debt collection Leave a comment

Never Forget To File a Proof of Claim

23 May

No one wants to see one a customer file for bankruptcy. Not only does it mean potential lost revenue, but it also creates a series of headaches if you hope to get paid at all. While there are many types … Read More »

Business Practices accounts receivable, bankruptcy, commercial debt collection, customer service, debt, debt collection, small business Leave a comment

Social Media and Collections

24 Apr

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, … Read More »

Business Practices, Commercial Debt Collection Tips, In House Commercial Debt Collection Procedures bad business debt, collections, debt collection, Debt Collection Tips, social media Leave a comment

6 Steps to Take When a Customer Files for Bankruptcy

31 Mar

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 … Read More »

Business Practices bankruptcy, bankruptcy filing, business, debt collection 2 Comments

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