Blog

6 Warning Signs that a Client Is Becoming a Potential Credit Risk

Commercial credit risk is a fact of life for small businesses, who must contend with sudden changes in a customer’s ability to pay its debts. Initial and follow-up credit screening is the most effective way to reduce the risk of delinquent accounts, but it’s impossible to avoid all such risk. Tune in to Customer Behavior [...]

By | 2017-05-10T10:49:05+00:00 March 21st, 2016|Blog|0 Comments

The Truth About Wage Garnishment and Credit Collections

Most debtors never think it could happen to them. One minute they are using credit cards for their living expenses, and the next, after ignoring multiple notices from collection agencies, they find a judgment entered against them that takes a bite out of their paycheck every week. Let’s take a closer look at the truth [...]

By | 2017-05-10T10:49:28+00:00 March 9th, 2016|Blog|0 Comments

What Does the Current State of Student Loan Debt Mean for Collections Agencies?

If you listen carefully to the election debates, you might have noticed an unusual policy discussion starting to take shape: Student loan debt. With estimates most recently reported at $1.3 trillion USD, presidential candidates are beginning to propose solutions to help struggling students take a healthy approach to paying back student loans. In fact, it’s [...]

By | 2017-05-10T10:50:32+00:00 March 1st, 2016|Blog|0 Comments

4 Solutions to Help Consumers and Businesses Pay Off Their Debts

If you’ve ever held a sales position, you probably know a thing or two about the concept of objections. These are the first excuses that someone will make as to why they cannot buy your product or service. The same will be true when you are asking a consumer or business to pay off a [...]

By | 2017-05-10T10:51:38+00:00 January 20th, 2016|Blog|0 Comments

7 Shocking Statistics About Debt Collection in the U.S.

Debt collection agencies are designed to help businesses collect the monies that they are owed based on a contract. The contract can be between any creditor and debtor whether commercial or consumer. In our last blog, we reviewed the top 10 reasons people go into debt. However, you might also be interested in a few [...]

By | 2017-05-10T12:35:43+00:00 December 29th, 2015|Blog|0 Comments

Top 10 Reasons People Go Into Debt

What are the major sources of consumer debt? Whether you own a business or are simply curious about the current state of debt in America, let’s take a closer look at the top 10 reasons people go into debt (Note that we did not include mortgages or car payments, which are two major debt sources [...]

By | 2017-05-10T10:59:30+00:00 December 18th, 2015|Blog|0 Comments

6 Considerations Before You Hire a Debt Collection Agency

The internet brought about a plethora of changes for businesses. One of the major shifts has been that ability for consumers to loudly voice their opinions on social media. When it comes to debt collection, it’s important to remember that the agency you choose to work with is a direct reflection on your company. Consumers [...]

By | 2017-05-10T13:15:01+00:00 November 23rd, 2015|Blog|0 Comments

4 Steps to Getting Started with Your Debt Collection

Regardless of whether you’ve been in business for just one year or a decade, one of the issues most companies do not expect to face is debt collection. However, from the smallest microbusinesses to the largest firms, you will eventually encounter a client who chooses not to pay their outstanding balances. As you may have [...]

By | 2017-05-10T13:16:34+00:00 November 6th, 2015|Blog|0 Comments