Ever wondered what happens to those stubborn unpaid bills that businesses can’t seem to collect? Well, it’s usually debt collection agencies that come to the rescue. They often swoop in when businesses have exhausted their “pretty please pay your bill” emails and awkward phone calls. They help bridge the gap between businesses desperate to collect what they’re owed and debt... »
We all know that cash flow is the lifeblood of any business. Without proper cash flow, how will you pay your bills or compensate your employees? Even the government is always awaiting their piece of the cake (tax). Fail to fulfill any of these obligations, and your business doors may become permanently shut. So, what can you do when those payments start lagging? How can you ensure a couple of unpa... »
Picture this: you’re sitting at your desk, staring at a stack of unpaid invoices, medical bills, or credit card debt. Sound familiar? If you’re a business owner, then you’ve probably had a taste of such an experience at least once. A bitter one, I might add. Recovering your own money from debtors suddenly feels like you’re trying to squeeze water from a stone seemingly impossible. Let’... »
I know going after debtors, especially the sneaky, adamant ones, is no fun. Nevertheless, debt recovery is a necessity on so many levels. The alternative is watching as countless businesses grind to a halt all because some people or bodies refused to honor their overdue payment. Let’s not even get started on the aftermath effect on the general economy. Debt collection agencies are the unsung... »
In an ideal world, people will honor all their financial obligations as and when they are due. But let’s face it: life is unpredictable, and sometimes things get in the way. Sometimes, juggling between medical bills, student loans, and other obligations is not quite a smooth ride. And before you know it, you may find yourself drowning in a sea of overdue notices and final warnings. It’s times like... »
Picture this: you came through for some individuals, companies, or other entities in need by lending them your hard-earned money. They gave you their word, or even put it in writing, to repay in the not-too-distant future. But alas, when the time came for them to repay their debt, they failed. Humans and their fickle nature, right? You’ve tried different approaches to recover your money, maybe you... »
Suppose–on the simplest level–you have a customer who owes you money for services rendered and has not paid for the past three months. You have emailed, called, and perhaps even attempted the ‘bumping into them at the coffee shop’ approach. Nothing’s working. What, then, do you do? Better call a debt collection agency! These agencies are professional in the act of locating debtors and persua... »
The primary goal of any business is to be profitable. That means having a positive cash flow. Without that, business operations are bound to run into brick walls and may eventually become bankrupt. Unfortunately, cash flow problems abound across various industries today. Many businesses are owed large sums of money, putting them in danger of folding up. Without debt collection agencies, resolving ... »
September 10, 2014
The debt collection industry, as almost everyone knows, doesn’t get the best coverage in the media. Here at Connection2Collections.com, we want to show support for the industry professionals and help them be confident and responsible in their work. […]
