collections

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...

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...

Financing has become a way of life in modern America. Plenty of consumers and sometimes even businesses need goods or services that they cannot pay for right away. Companies can close more sales by offering financing. If they keep that financing in-house, they may...

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...