Latest News & Articles
Why Sending an Account to Collections Is Good for Your Company’s Health
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? Pay your staff; hire more staff? Pay your [...]
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.
Volunteering for Easter
Volunteering for Easter Every year the Tucson chapter of The Salvation Army hosts a community Easter breakfast. It is a free public event held at their hospitality house. The event had breakfast, Easter baskets, [...]
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?
Supporting Our Community
BARR Credit Services & The Salvation Army Supporting the Tucson community has always been important to Randy Frazee, the CEO of BARR Credit Services. Since starting his business in Tucson, [...]
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, Ltd., a commercial debt collections agency located in Chicago, Illinois. The acquisition of Credit Decision International will [...]
We’re Growing – National Sales Manager Position Available
National Sales Manager We’re looking for an experienced National Sales Manager for our Tucson, Arizona office. The Sales Manager will be responsible for leading our sales team of 10 or more team members throughout the [...]
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 BARR Credit Services Legal Liaison, has recently been elected Chair of the Western Region for [...]
Frazee and Grimes Receive 2017 Salvation Army Award
Two BARR Credit Services employees are recipients of the 2017 Doing the Most Good Award, presented by the Tucson branch of The Salvation Army. Randy Frazee, BARR Credit CEO, and Tim Grimes, Legal Liaison, received 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 launch our own health and wellness program. Because, while we at BARR Credit remain focused [...]
The Angel Tree Project
Imagine a Christmas day where you wake up with nothing underneath your tree. And now you need to explain to your children why Santa did not give them that toy they’ve been asking for every [...]
If One of Your Customers Files Bankruptcy, We Can Help
BARR Credit Services CAN and WILL File a Proof of Claim on Your Behalf! Bankruptcy is sometimes an unfortunate reality for businesses that extend credit. BARR Credit Services offers assistance when this occurs. BARR as your [...]
Increase in Bankruptcy Filings
Happy New Year! The New Year is upon us and bankruptcy filings historically increase during this time. DID YOU KNOW That more companies go out of business or file bankruptcy in the first quarter of [...]
Continue to Accrue Interest with BARR
Continuous Accrual After Placement At the time of placement, advise your Portfolio Manager that you wish to accumulate interest on the debt. Provide a copy of your signed documentation stating that interest may be added [...]
BARR Credit Services’ Staff Keeps on Giving
During the week of Thanksgiving, employees of BARR Credit Services will be heading over to St. Demetrios Greek Orthodox Church to begin preparation for one enormous Thanksgiving dinner. They will be preparing 250 turkeys, 500 [...]
Remit Even Faster and Get Your Money Instantly
Remitting every two weeks not quick enough for you? BARR Credit Services is pleased to offer our biweekly remittance via ACH. How it Works. Trust Statements providing remittance details will be emailed the same day [...]
The Magic of BARR Credit Services is on Display at NACM
The BARR Credit Magic at the National Association of Credit Managers 120th Credit Congress There was Magic in Vegas during the NACM Credit Congress this past June. BARR Credit Services supported the event by exhibiting [...]
Andersen, Randall & Richards and The Bessenbacher Co. Announce a Merger Creating BARR Credit Services, Inc.
BARR Credit Services, Inc. a leading provider of commercial debt recovery, collections, and credit services, based in Tucson, Arizona servicing over 12,000 customers domestically and internationally. Tucson, AZ & Kansas City, MO (January 7, 2016) [...]
