collections

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...

If you’re starting a new business, you want to believe that all of your customers will pay their bills on time and in full. Unfortunately, that won’t always be the case.  That’s why it’s necessary to set up policies and processes to get the money you’re owed so that...

If you have the kind of business that doesn’t require full payment from your customer within a 30-day period from delivery of goods or services, you may find that offering a range of payment plans can help you bring in more customers. Even if you can’t do this for...

It can take a lot of work to keep some of your commercial clients on track with their payments, and some of them are harder than others to push toward compliance. But, how much of a grace period do you give? How much is “too much” when it comes to working with someone...

To find out how common it is for businesses to send out invoices and then never be paid the money that they're due, one study looked at just over 1,000 small businesses. The numbers that they found were perhaps not surprising, but they did shed light on how serious...

Some people who default on their student loans do try to pay them off for years or even decades before they realize they can't make that payment. It's just such a long-term process that they may have had high hopes of paying at the beginning, before seeing that dream...

It can be very frustrating to have unpaid invoices. As a business owner, you've already rendered services and you expect to get paid. Maybe you sold products and the invoice is for that cost. Either way, you feel that you're being ripped off because someone is not...

Some people will go to extreme lengths to avoid their financial responsibilities. If you have a debtor that has tried to avoid paying what they owe your company, you likely already understand how hard people will try to avoid making payments. They may quit their jobs,...

Your company is well established in the market. You have a good reputation in terms of customer service and the work that you do.  Usually, you carry out your job and customers are more than happy to pay you. Unfortunately, on this occasion, it seems like a customer...