November 2018 2
Running a small business is tough. Half of small businesses don’t last more than five years, and many never turn a profit before they fail. Sometimes this is because of poor business practices, but sometimes it’s because of customers failing to pay quickly enough, or at all. If you’re a business owner struggling with accounts receivable swelling and not enough operating revenue, it may be time to look at debt collection and recovery services.
Debt collection services are, of course, not free. They’re typically a percentage of the amount of debt collected, from 25% to 50%, but if your company is desperate for funds, something is better than nothing. In addition, there are several advantages to working with a debt collection agency for tough accounts.
Avoid accusations of harassment.
Excessive calls or a threatening tone can be used against you to claim harassment in court. Hiring a debt collection service puts phone calls in the hands of professionals, and take (more…)
Throughout the world, many companies face the problem of consumer debt. Unfortunately, it looks like this problem is only going to get worse. In fact, statistics show that outstanding consumer is estimated to reach $4 trillion by the end of this year. If you’re wanting to defend your business against this problem, it’s wise to consider using debt collection software. In this post, you’ll learn three benefits of utilizing a debt collection management system.
- Ability to Make Better Forecasting Decisions
An important aspect of running a business is creating forecasts. Companies depend on these forecasts in order to know how to move forward. Unfortunately, it’s difficult to create accurate forecasts without a debt collection system in place. By having a clearer understanding of your company’s capital situation, you’re able to make be (more…)
In nearly any business today, payment options are a major consideration for all parties involved. Put simply, everything costs money, and fortunately, many different helpful arrangements for making these payments exist. Business factoring, early payment options, lease to own programs, and more make it easier for any business or individual customer to obtain something that [...]
Choosing a mortgage lender is probably one of the most complicated financial decisions that you have to make when buying a house. The problem is that knowing the best mortgage companies is not easy especially if this is your first time buying a home. There are different lenders who are always more than willing to [...]
There are things that they do not teach you enough about in school that many people struggle to understand as the time comes to do them. One of those actions that should really be explained during high school is the key things that you should know when it comes to applying for auto loan options. [...]