Five Reasons You Should NEVER Cosign for a Loan

If you are a person who has worked hard to improve and maintain a good credit over the course of your life, there will likely come a time when a less-industrious friend or family member will ask you to cosign for a loan that they are not qualified to receive on their own merits. Everyone [...]

By | 2017-02-12T14:41:01+00:00 November 17th, 2016|Blog|0 Comments

The Severe Impact of Debt of Small Businesses

One of the areas where too much outstanding debt can have the most severe impact is in the world of small businesses. With many local businesses already struggling because of difficult economic times, even the slightest hiccup in their debt collection procedures can send ripple effects through your entire community. Cash flow is the life [...]

By | 2017-03-12T15:12:07+00:00 November 12th, 2016|Blog|0 Comments

How Collection Accounts Can Impact Credit Scores

No one likes the idea of having an account go into collections. Debtors don’t want to be contacted by debt collectors, and creditors would always prefer to get paid up front by their clients. But the real impact of an account going into collections goes way beyond these mild inconveniences. No matter what type of [...]

By | 2017-02-12T14:41:01+00:00 October 29th, 2016|Blog|0 Comments

Why Refusing to Settle Often Costs Creditors More in the Long Run

One of the biggest struggles that many creditors have when it comes to pursuing legal action against debtors is where to draw the line with respect to what they would consider a fair settlement. By the time a situation reaches the point where attorneys need to get involved, many creditors have reached the point where [...]

By | 2017-02-12T14:41:01+00:00 October 20th, 2016|Blog|0 Comments

Handling Identity Theft Issues With Debt Collections in California

Lawmakers in the state of California recently voted unanimously to pass into law a new requirement that reduces the time frame for debt collection companies to investigate claims of identity theft. This bill, which was supported by the California Association of Collectors, is going to change the way that collection agencies operate. In order to [...]

By | 2017-02-12T14:41:01+00:00 October 14th, 2016|Blog|0 Comments

New FCC Regulations Outlaw Auto-Dialers

In August of this year, the Federal Communications Commission released new regulations that prevent debt collection agencies from using auto-dialers in order to contact debtors who are behind on their payments. While this initially sent shockwaves through the collection community, we believe that the lasting impact will be far less than many initially feared. You [...]

By | 2017-02-12T14:41:01+00:00 October 6th, 2016|Blog|0 Comments

From a Collections Perspective: The Difference Between 401(k) and IRA

In situations where collection accounts get to the point of bankruptcy, each of a debtor’s individual assets will have a unique set of rules that defines whether or not they are available to settle past debts. Whether you are on the side of the debtor or the creditor, understanding these subtle differences can give you [...]

By | 2017-05-09T14:46:47+00:00 July 17th, 2016|Blog|0 Comments

The Effects of DSO and DPO on Your Company’s Cash Flow

  Even more than profitability, cash flow is the lifeblood of your company. Companies with strong cash flow are able to survive temporary periods of low profitability, but even the most profitable companies can’t survive when their cash flow situation turns negative. There are generally two types of cash flow problems: those caused by spending [...]

By | 2017-05-09T14:46:55+00:00 July 8th, 2016|Blog|0 Comments

Four Ways That Your Business Can Model the World’s Best AR Operations

  Managing accounts receivable is one of the toughest aspects of business. Every business that extends credit to customers is going to run into trouble collecting from some of those customers at times. And sometimes, even businesses that don’t plan on extending credit find themselves in situations where customers end up owing them significant amounts. [...]

By | 2017-05-09T14:47:03+00:00 July 1st, 2016|Blog|0 Comments

Don’t Sit Still for Bad Debt!

No matter how well you run your business, inevitably you’ll encounter some deadbeat customers who don’t pay their bills. This is most likely to occur when your business sells its products or services to customers on account, as opposed to cash or credit card transactions. Typically, an accounts receivable (A/R) entry that is delinquent for [...]

By | 2017-05-10T10:48:05+00:00 March 30th, 2016|Blog|0 Comments