Supporting Our Community
BARR Credit Services & The Salvation Army Supporting the Tucson community has always been important to Randy Frazee, the [...]
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…
Developing a Collection Policy
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
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
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.
Using the Credit Application and Trade Credit as a Tool for Growth
Establishing trade credit is the lifeblood of many small businesses. The effective use of trade credit can be a financial tool that helps your customers grow and, in turn, helps your business grow. However, too much of the wrong trade credit creates risk. The credit application is the first step taken when a customer requests trade credit.
BARR Credit Services Announces the Acquisition of Credit Decisions International, Ltd.
Completed Acquisition Of Credit Decision International BARR Credit Services, Inc., announces that it has acquired Credit Decisions International, [...]
Tim Grimes Elected Chair of the Western Region for the Commercial Law League of America
Tim Grimes Chairs of Western Region of the CLLA Tim Grimes sworn into CLLA Office. Tim Grimes, the [...]
Employee Wellness: It’s a Win-Win
By Katie Postel Want to get healthier? Then we want to help! BARR Credit Services recently partnered with Cigna to [...]
