collections

One of the main financial hurdles your company is currently facing is simply the nonpayment of outstanding debts. Perhaps you’ve provided goods or services that haven’t been paid for, even though agreements were in place. Or perhaps your company services loans, such...

Factoring services help companies in a variety of Industries meet their basic financial obligations. By leveraging outstanding invoices, it is theoretically possible to gain access to immediate capital for facility rent payments or vendor payments. Companies that...

Debt collection is an invaluable component of financial management for lenders and businesses of all sizes. When debtors fail to fulfill their financial obligations, your company can initiate debt collection procedures to recover the funds. Debt collection can be...

Garnishment is a legal procedure that allows certain parties to collect debts from a debtor's wages, bank accounts or other assets. This process mainly benefits creditors seeking to recover unpaid debts by providing a direct method to claim the funds owed. The process...

When a borrower doesn’t pay back an auto lender, the lender may decide to move forward with the repossession. This is when they reclaim the vehicle that was purchased with the loan. The goal is to then sell that car again, getting the money that was still owed by the...

Debt collection is usually one of the least desirable jobs small business owners have to engage in. Unfortunately, collecting invoices that are due is critical for companies that need to maintain a steady financial backing to keep operating. Dealing with customers who...

Companies that offer student loans, some of which are federally backed and some which are not, may run into issues where these loans are not actively repaid. Many borrowers had the full intention of paying them when they took the loans out, but they may have stopped...

Business entities provide entrepreneurs and investors with a crucial shield, separating their personal assets from the liabilities of the business entity they establish. This safeguard allows individuals to take risks and pursue entrepreneurial endeavors with a sense...

Customers who don’t pay their bills in full or who pay late or not at all are the bane of every small business’s existence. So how do you decide when to try to negotiate with a customer and when to start the collection process? First, it’s important to determine...

If you’re a business owner who has non-paying clients, you know how common this can be and how frustrating it is. You need the payment for the products or services that were already rendered, and it’s holding your business back to be without this money. It’s revenue...