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One of the most powerful tools in the pocket of anyone attempting to collect an outstanding debt is the ability to report that debt to the major credit rating agencies. These agencies have become a go-to source for all kinds of businesses that lend money to their clients, and they are just as important for [...]

Most small business owners understand the importance of prioritizing their debt collection practices, but those practices also tend to fall into the "important, but not urgent" category. And those tasks often get overlooked in favor of the more pressing demands of tasks in the "urgent, but not important" categories. Business owners are constantly forced to [...]

Making the decision to work with a commercial debt collection agency is a big step for most small business owners. But that decision is relatively small compared to the task of deciding exactly which agency makes the most sense for your business. Debt collection agencies come in all shapes and sizes, and partnering with one [...]

Commercial debt collection is typically a pretty boring operation. Between all of the documentation and paper pushing, there is actually not much of anything about the process that is worth getting excited about. But every once in a while a creditor will come across a situation where a debtor becomes hostile. When you find yourself [...]

Whether you are working with a commercial debt collection agency or attempting to collect delinquent accounts on your own, collections can be a very difficult process. One of the best ways to improve your ability to collect on those outstanding debts is to improve your documentation process. It should start from the very minute that [...]

International debt collection is one of the toughest obstacles that exists in the collection industry. Every country has a different set of rules and regulations when it comes to debt collection, and keeping all of them straight isn't just a full time job…it's a job for a full department of people. Germany is actually one [...]

There are an incredible number of variables to consider during the process of choosing a commercial debt collection agency to handle your company's delinquent accounts. As much as you might value important factors like location and experience, the two biggest keys for any business owner are collection rate and contingency fees. Of course, those two [...]

The rules and regulations regarding commercial debt collection can vary tremendously depending on your location and the location of the debtor you are attempting to collect from. Those laws can get extremely complicated when you are attempting to collect internationally, but there can also be some complications when attempting to collect a debt in a [...]

Consumers in the United States of America have a problem with immediate gratification. They want what they want, how they want it, when they want it. And they are not going to let something like the ability to pay for those things they want stand in the way of getting them. The debt levels of [...]

Debt is a concept that just about everyone struggles with throughout the course of their life. When you are old enough to qualify for high-interest rate debt, the allure of a new shiny object is often much stronger than the idea of paying it off with interest. We have all fallen for that trap to [...]