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Avoiding Time-Barred Debt: Six Tips to Make Sure You Stay On Top of Your Collections

Once an outstanding debt reaches time-barred status and is no longer collectible, there is little that a creditor can do to recover the amount owed, so the best approach to handling time-barred debt is to avoid getting to that point in the first place. If you want to ensure that your outstanding balance doesn’t [...]

By |September 20th, 2023|Blog|Comments Off on Avoiding Time-Barred Debt: Six Tips to Make Sure You Stay On Top of Your Collections

Four Reasons Why Improving Your Debt Collection Rate is the Best Way to Increase Cash Flow

Cash flow is commonly said to be the lifeblood of any good business, so it only makes sense that the best companies would want to do everything in their power to increase cash flow. Improving the debt collection rate is one of the easiest ways to increase cash flow for any company extending credit [...]

By |September 17th, 2023|Blog|Comments Off on Four Reasons Why Improving Your Debt Collection Rate is the Best Way to Increase Cash Flow

Emergency Fund: How Much Does Your Small Business Need to Survive the Threat of Outstanding Collections?

An emergency fund is typically defined as a cash reserve set aside for unforeseen expenses or financial emergencies, and having one in place can help even the most substantial companies survive the tough times that inevitably come for all of us. Emergency funds are especially important for small businesses that operate with the additional [...]

By |September 15th, 2023|Blog|Comments Off on Emergency Fund: How Much Does Your Small Business Need to Survive the Threat of Outstanding Collections?

5 Lessons Debt Collectors Can Learn From Watching The Bear

As one of the most popular shows of 2023, The Bear has been streaming in millions of homes nationwide, giving regular people an inside look at the tortured souls in the restaurant industry. While the show has been getting critical acclaim for its accurate portrayal of the sometimes ups but mostly downs of running [...]

By |September 14th, 2023|Blog|Comments Off on 5 Lessons Debt Collectors Can Learn From Watching The Bear

Updates on the Student Debt Relief for Californians

Overwhelming student debt has quickly become one of the most significant problems plaguing the next generation of young people and simultaneously holding back the overall economy. The pandemic pause has given many American struggling with student loan debt a reprieve. Still, with those breaks set to expire in August, things could get difficult once [...]

By |April 24th, 2023|Blog|Comments Off on Updates on the Student Debt Relief for Californians

Commercial Debt Collection for Businesses – 2023 Guide

Taking on debt is one of the most common ways to fuel a rapidly growing small business. But that debt can quickly become an anchor weighing down the entire company if growth sputters, and the resulting collections can be even more problematic than the debt in the first place. If your business regularly offers [...]

By |April 18th, 2023|Blog|Comments Off on Commercial Debt Collection for Businesses – 2023 Guide

Bankruptcy Guide for California – 2023

If you're drowning in debt, you might feel like you are all alone with no way out. However, the exact opposite is actually true. California has one of the highest bankruptcy rates in the country, but the majority of consumers here still need to learn more about the process involved to make informed decisions [...]

By |April 17th, 2023|Blog|Comments Off on Bankruptcy Guide for California – 2023

All About Wage Garnishment and Credit Collections – 2023 Updated

Wage garnishments are the ultimate threat posed by every debt collection scenario, but finding yourself on the wrong end of one doesn’t have to be a financial death sentence. The whole process can start with something as simple as falling behind on a few credit cards, and the next thing you know, you can’t [...]

By |April 16th, 2023|Blog|Comments Off on All About Wage Garnishment and Credit Collections – 2023 Updated

Hiring a Commercial Debt Collection Agency – the 2023 Guide

Hiring a commercial debt collection agency could be the best or worst thing you ever do for your business, no matter what product or service you specialize in. In almost every case, the result of partnering with a debt collection agency will be determined by the caliber of agency you choose to work with. [...]

By |April 16th, 2023|Blog|Comments Off on Hiring a Commercial Debt Collection Agency – the 2023 Guide

How Sky-High Vehicle Prices Could Impact the Collections Industry

The combination of limited inventory and supply chain shortages has shot the price of new and used cars sky-high in recent years. That one factor alone could have a substantial impact on the collections industry, and that’s before you factor in the price of gas! To help your collection team confront this new challenge [...]

By |April 16th, 2023|Blog|Comments Off on How Sky-High Vehicle Prices Could Impact the Collections Industry
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