Collection

Here is a common question from entrepreneurs planning to open a startup. I’m not open yet, so why would I need a debt collection plan? Unfortunately, unpaid debt can overwhelm your startup before you realize it has happened. With insufficient money coming in, you...

Although there are several options for collecting on unpaid invoices, business owners need on-time payments to keep things running smoothly. Late payments can disrupt the flow of operations, thereby compromising your business finances. You may already have a strategy...

When your company is dealing with past-due invoices from other companies, it is important to take a proactive and structured approach to ensure the best possible outcome. A few outstanding debts might not seem that significant right now, but your situation could...

Many businesses lend money to consumers or allow them to take credit when making purchases. However, when a consumer doesn't fulfill their obligation to make payments, then the business may take it into their hands to collect the debts owed. When collecting debts,...

Most people pay back what they owe on time, if not more quickly than an agreement they’ve made requires. After all, lengthy repayment will often mean paying more in interest and could drag down someone's credit score. Unfortunately, for every responsible credit user,...

Your company has had a long relationship with another business – and you’re pretty friendly, at this point, with the owner. When the company had a few rough months, you were more than willing to cut them some slack on their payments. Now, however, it seems like their...

There are numerous scenarios in which an individual might end up owing your business a significant amount of money. If you provide financing, whether your company offers credit cards or helps people purchase vehicles, the risk is always there for someone to fall...

You’ve built a successful company and you deliver the highest quality products and services. The majority of customers are satisfied and always pay promptly. Nonetheless, you’ve had some issues with delayed payments.  Not being paid for the work you do can be very...

In an unstable economy, collecting on debts for goods sold to consumers on credit can become challenging. But it is also during these uncertain times when merchants have the most to lose as well. Dealing with creditors and their unpaid bills is frustrating and...

The business owners serving Miami and outlying regions need to collect on the debt customers or businesses owe. Cash flowing into a business helps ensure its longevity. You already know you can contract with a collection agency to pursue the debt, but most business...