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The holiday season has officially arrived, and consumers are going to be spending an unprecedented amount of money on food, drinks, parties, and…of course…gifts this year. Unfortunately, a recent YouGov survey found that a large number of those consumers are still struggling to pay off debts that they acquired during last year's holiday season. And [...]
As we wind down towards the end of the year, clearing out some of those outstanding accounts receivable is at the top of just about everyone's corporate wishlist. Combining an influx of cash with one less folder in the delinquent pile could undoubtedly make for a more enjoyable start to the New Year. If you [...]
Any business that extends credit to its customers is always going to struggle with the ones who fall behind on their payments. But in a shipping industry business where random fluctuations in gasoline prices can mean the difference between turning a profit and packing up the office, each and every outstanding account receivable needs to [...]
Large amounts of outstanding debt can have a significant impact on just about any business, but some companies are better equipped to weather the storm of a cash flow shortage than others. Unfortunately for many manufacturers, they do not find themselves operating in one of those businesses. In the manufacturing world, just about everything needs [...]
The fact that delinquent credit card debt is on the rise in America should not be a big surprise to anyone, but seeing that the numbers are up in the trillions has the type of impact that will make you stop in your tracks. With delinquent credit card debt floating right around all-time highs, Americans [...]
Whether we are talking about individual consumer or local businesses, everyone likes to believe that they are in complete control of their financial destiny. However, all it takes is a sudden wake-up call at the hands of the unexpected for us to realize that we actually have far less control than we thought. Over just [...]
Student loan debt is one of the most significant issues that millennials are struggling with today, and while the problem isn't quite as severe here in California, it is still something that we all need to understand so that we can be sure to take steps to move in positive direction. Struggling With Student Loan [...]
It is widely known that California is one of the most proactive states in the country when it comes to protecting consumers against predatory debt collection tactics. And in August of 2018, they took another step in that direction by completely restructuring their approach to time-barred debt collection. What is a Time-Barred Debt? Before diving [...]
Commercial debt collection is a frustrating business no matter how you approach it, and it can also be a fairly expensive undertaking when you account for collection costs, attorney fees, court costs, lost interest, and various other expenses. One of the most commonly misunderstood aspects of debt collection deals with which types of expenses can [...]
Commercial debt collection spans just about every imaginable type of business, and that definitely does not exclude professionals like architects, accountants, and consultants. These types of professionals often bill their clients by the hour, and that can create endless opportunities for them to get stuck for some pretty large debts no matter how careful they [...]
