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collections

Thousands of invoices go unpaid

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...

Common types of debt evasion 

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...

Why don’t people pay student loans?

College students often have many options to get the financial aid they need to attend school. Many of them get financial aid from the government and may even take student loans out from the federal government itself. Some students also turn to smaller lenders to...

What you should know about promissory notes

Essentially, promissory notes are instruments that facilitate the borrowing of money from one party to another. Promissory notes usually set out the key terms of the loan, such as when and how the funds will be repaid at any one time.  Promissory notes are often used...

Can you still collect a debt if you have to stop calling?

There are ways that consumers can take action to get collectors to stop calling or contacting them, but that doesn’t mean that your company can’t collect the debt that is owed. Even if you work with a credit collection agency, you have other options if those agents...