Latest News & Articles
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 [...]
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.
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.
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?
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.
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…
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.
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.
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.
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.
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 [...]
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 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 [...]
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 [...]
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 [...]
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) [...]