Skip Tracing and Personal Guaranty

By |2019-11-08T13:57:01-07:00October 23rd, 2019|Editorial Calendar, News|

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.

Credit Where Credit Is Due: Women in the Collections Industry

By |2019-11-08T13:59:15-07:00April 18th, 2019|Editorial Calendar, News|

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

By |2019-11-08T14:00:38-07:00April 16th, 2019|Editorial Calendar, Financial, News|

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

By |2019-11-08T14:09:32-07:00January 29th, 2019|Editorial Calendar, News|

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.

Developing a Collection Policy

By |2019-11-08T14:21:53-07:00July 19th, 2018|Editorial Calendar, News|

If you’re a business owner, or an employee in your company’s credit department, you already know how difficult debt collection can be. But did you know that poor debt collection is often one of the main reasons businesses fail? Since cash flow is the lifeblood of any business, an effective collection policy is essential to keeping the money rolling in.

Recognizing the Early Warning Signs to Delinquency

By |2019-11-08T14:33:31-07:00April 25th, 2018|Editorial Calendar, News|

Any supplier of trade credit naturally assumes a certain amount of risk. With commercial debt, balances are higher and so are the risks. Some potential warning signs may simply be the result of a misunderstanding. But they could also be a red flag for a possible (and expensive) bad debt. Make sure your company is credit-savvy by recognizing the following six early warning signs.

How the New Tax Law Affects Debt Collections

By |2019-11-08T14:36:59-07:00March 26th, 2018|Editorial Calendar, News|

Have you noticed a little more money in your paycheck lately? Probably not. Physical checks are a relic of the past. Most employees are paid through direct deposit, and many don’t notice when deposits are made into their checking account. More likely, employees do pay attention to how much money they have in their account at the end of the month, quarter, or year.