How Collectors Keep Their Mental Balance
How Collectors Keep Their Mental Balance The business of collections can be intense and stressful. But [...]
Check Fraud and Other Payment Scams
Protect Yourself from Payment Scams Do people still write checks? It seems that few customers use paper checks these [...]
My Debtor Filed for Bankruptcy – Now What?
If you’ve received a notice from the U.S. Bankruptcy Court indicating that one of your debtors has filed for bankruptcy, you may be confused about how to respond. Well, it depends upon the type of bankruptcy filed.
Why Sending an Account to Collections Is Good for Your Company’s Health
What could your company do with the money recovered from all your overdue accounts? Employing a professional debt collection agency is an effective way to recover payment on those past-due accounts, which increases cash-flow and allows business to have the funds needed to pursue its goals.
Skip Tracing and Personal Guaranty
If you’ve considered hiring a collection agency to handle your past-due accounts, you may have heard the term “skip tracing.” But what exactly is it, and how does it work within the collections industry? Skip tracing is a method used to locate debtors when their contact information is no longer accurate.
Mastering Time Management
The old adage “time is money” takes on new meaning in the credit and collections industry, where the older the account, the less debt recovered. Here at BARR Credit Services, we want to help you work smarter – not harder – so you can get more accomplished in less time.
Credit Where Credit Is Due: Women in the Collections Industry
Did you know….of the 140,000 professionals in the collections industry, nearly 70% are women? Of course, it wasn’t always this way. In fact, before 1974, single women in this country couldn’t even get a credit card, much less forge a career in the credit industry. Let’s take a step back and see how the role of women in credit has evolved throughout the years.
Choosing a Collection Agency: Weighing Price vs. Value
Your past-due accounts are taking up too much of your precious time, and you’re at your wit’s end. As a business owner, you’ve been thinking about turning them over to a collection agency. But you keep asking yourself one big question: Is the cost worth it?
Types of Bankruptcy: What You Need to Know
It’s critical that every company have an in-house process for handling bankruptcy notices as they are received. By establishing what to do with a Notice of Bankruptcy and how to handle it properly, your company can avoid missed deadlines and potential fines if the automatic stay is violated.
Sales + Credit: The Dynamic Duo
The success of Sales + Credit is not measured by the amount of risk avoided, but by the amount of profitable business secured! A company’s sales force and credit management team must always work hand-in-hand if the business is going to succeed. Let’s face it…