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Everyone knows that falling behind on your bills will have a negative impact on your credit score, but most people don't exactly have a clear understanding of how that impact takes place over the course of time. In some situations, you might be able to work with a lender or creditor to recover from delinquent [...]

While extending credit to customers is a necessary evil in many types of small business these days, there are a wide range of policies and procedures used by those creditors. One of the most commonly disputed policies is whether or not you should charge your clients a fee for late payments. Charging a late fee [...]

Fraud is one of those frightening words that can intimidate even the most seasoned business veterans, and it is becoming more and more prevalent in recent years. Whether you are tasked with extending credit to customers, vetting customers applying for credit, managing customer credit accounts, or attempting to collect from delinquent customer accounts, stumbling across [...]

With another tax season just recently passing, many small business owners across the country just recently made decisions regarding write-offs on uncollectible debts. However, there is no reason to wait until your taxes are due to think about how you want to handle your outstanding debts. In order to better help you prepare for next [...]

Credit card debt is a serious issue that is impacting consumers all over the country, but the people here in California are feeling that impact a little more than you would find in other parts of the country. Two recent articles highlighting cities with massive credit card debt combined to include six different California towns [...]

Dealing with debt collection situations is an incredibly stressful process for even the most seasoned commercial debt collectors, and anyone tasked with handling the collections for their company is going to be under an immense amount of stress while conducting those collections. Regardless of how they might appear on the outside, anyone who deals with [...]

Keeping detailed documentation is one of the most critical components of any collection scenario, but the actual process of documenting the details can range from overly complicated to so simple that you often don't remember to do it. Regardless of where your company might fall on that documentation spectrum, utilizing some of the modern cloud [...]

Remember that old phrase about not judging a book by its cover? Well, there is an excellent chance that whoever said it first was talking about extending credit to one of their customers. While things like credit scores and debt-to-income ratios have helped tremendously with making credit decisions easier in recent years, it is still [...]

Silicon Valley is known around the world as the place that technology startups can thrive. But as you would find with any type of business startup, there are going to be hundreds and hundreds of companies that don't survive. For every smashing success like Apple or Facebook, there are more great ideas than you can [...]

Whether we are talking about natural disasters, politics and economics, or new technologies that render current business models obsolete, there are a nearly endless number of factors outside of our control that can wreak havoc on companies of all shapes and sizes at a moments notice. It is always going to be easier to stick [...]