The debt collection industry has a bit of a reputation, doesn’t it? But like that wise saying, you shouldn’t judge a book by its cover. Why? Well, most of the bad rap this industry gets comes from spiteful debtors looking for payback after being legally forced to pay back what they owe. Meanwhile, there’s a ton of great career opportunities in the debt collection industry that many people do... »
Running a business is no joke–there’s always something demanding your attention. You have employees to manage, customers to keep happy, and lots more. With so many pressing matters to attend to each day, dealing with financial cleanup probably ranks last on your to-do list. Meanwhile, those unopened envelopes, those “we’ve been trying to reach you” emails, have a way of mul... »
Chasing down delinquent accounts is no fun. It’s time-consuming, awkward, and can leave a bad taste in everyone’s mouth. But hiring a debt collector? Now, that’s a game-changer that promotes smooth cash flow! Imagine outsourcing all those awkward “Hey, remember that money you owe me?” conversations to someone who actually enjoys making those calls. You’re basically hiring p... »
You know that slightly awkward moment when you have to remind a friend he’s still owing you some money since last month? Now multiply that by about a thousand, add some legal considerations, throw in some collection strategies, and you’ve got yourself a typical day in the life of a debt collection manager. Here’s the thing: liquidity works hand-in-hand with business. You can’t separate... »
Let’s face it, when most people think of debt collection, they imagine a stress-filled pressure cooker of a job. You know, the type where you’re on the phone all day yelling at people who refuse to honor past agreements and pay their bills. Not exactly the material of childhood career aspirations, is it? But get this: despite all these ‘dirty’ stereotypes, more and more in... »
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... »
You’ve provided a service, sent out the invoice, and… nothing. Your client seems to have vanished into thin air. And now, you’re left wondering if you’ll ever see your hard-earned money. It’s frustrating, right? If you’re already considering throwing in the towel, I’m here to let you know all is not over. Yes, you’ve done your part and delivered on your promises. But now, n... »
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... »
The truth is, no one wants to be a debtor. It’s too much hassle, it can put a dent in one’s reputation, and it can be mentally draining. Coincidentally, even the people charged with chasing down debtors don’t find it fun either. And so, when push comes to shove, some of them tend to bend the rules to get the job done. Incidents of rule-bending in the debt collection industry are not completely str... »
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. […]
