Advice for Businesses

Debt collectors have an enormous responsibility to every business they represent.

On the one hand, a business hires a collection agency to collect from customers that have not paid them. And on the other hand, it’s important to understand that keeping your customers is of equal importance.

Hiring a third-party collection agency is a big step for many businesses.

You want to be comfortable knowing that you’ll see the results you need, and you’ll also want to make sure that the agency you hire does not alienate your customers.

Collection agencies understand that they can play a critical role in the success of your business including managing difficult conversations with your customers.

Here’s what professional debt collectors want you to […]

Hiring a collection agency for your business can be an extremely smart move and a strategic advantage in improving your cash flow. If you have customers who are consistently late or who have not paid you at all, and those are piling up, it’s time to make that decision.

However, effective debt collections happen when you have the proper documentation in front of you. Having a paper trail, as they say, can increase the chances of getting the money owed to your business. Being organized and proactive can make a big difference in the amount of money you collect.

If you’re hiring a collection agency to improve your business cash flow, here are some things to consider […]

You may be a small business owner or a professional in the position of finance. You may be reading this and at the same time having challenges with cash flow. The main culprit could be late and non-paying consumers.

Just about every type of business will encounter this challenge, and it’s imperative to implement a regular and consistent program for getting customers to pay you for what you have provided. Whether it is late customers or those who refuse to pay, having a rock-solid accounts receivable program is non-negotiable.

It helps to understand what motivates customers to pay a bill, whether that’s their regular habits or their past-due bills.

Understanding this can help your accounts receivable program be […]

What if we told you you could hire a collection agency and improve your cash flow without breaking your budget? We’re confident most businesses would like to take advantage of that.

There is still a myth that the only way to employ a debt collection agency for your business is to pay large fees to achieve your goals.

However, that is not the case; low-cost debt collection solutions are available to any size business.

Do you want to improve your business cash flow without breaking the bank?

Check out these reasons why using a low-cost collection agency can be one of the smartest moves your business ever makes! […]

Active listening is something our professional debt collectors practice and implement daily here. In fact, we would go as far as to say that it is one of the foundations of how we operate.

In all aspects of life and business, listening is one of the most critical skills we can master. And as a collection agency working with small businesses and large organizations, it is a must for us to carry out our mission.

What is active listening?

Active listening is concentrating on, seeking to understand, and responding to an individual thoughtfully. And it goes beyond just hearing somebody speaking and includes emotions, engagement and trying to understand the context of a discussion. This is why it […]

There are numerous legitimate reasons why a consumer might struggle to pay your business on time, or at all and many of them stem from financial difficulties.

As business owners, executives and others keeping an eye on the bottom line, you may get angry because some customers have not paid your business and you’re left wondering why.

However, as we indicate here, many circumstances limit a consumer’s ability to pay your business, and they should be considered.

If you want to better understand why some of your customers are not paying, take a look at our insight below. […]

While many organizations hesitate to implement collection activity, there are an equal amount that may jump into it before they have done their due diligence.

Following solid and systematic accounts receivables processes can help lay the groundwork for successful debt collections when necessary. And it may just help you keep a hard earned customer.

If you want to manage your late invoices and your reputation at the same time, make sure you’re doing the following before proceeding with third party debt collection activity. […]