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The Five Telltale Signs You Need a Debt Collection Agency

Running a business is hard enough without having to worry about uncollected debts. Luckily for you, debt collection agencies can provide essential services that help your business retrieve its bad debts, build relationships with clients, and reduce business costs. It can be beneficial for many companies who lack the resources, personnel, or time to manage delinquent receivables by working with a credible debt collection agency. read more...

The Common Commercial Debt Collection Myths Debunked

Many small and large businesses follow the same practice for selling products and services and invoicing. This often involves selling now and invoicing later so they have more time to pay. This is a smooth process until a customer decides not to pay. Having debt is a headache; after all, you expect revenue from a business and not outstanding invoices. Interrupted cash flows, regular follow-ups, and stress are some of the consequences of debt. read more...

Debt Recovery, The Financial Year, The Calendar Year and Timing

The debt collection industry faces many challenges every day. The industry continues to transform due to rapidly changing technology, regulations, and outside factors, and collection agencies must adapt.  Many of these regulations are unknown to most businesses and as a result, many debtors dig their heals in, using the offence or breach to avoid making payment. read more...

How Will Lockdowns Impact Approaches To Debt Collection

In the wake of the global pandemic, the worldwide economy has taken a severe hit. The government enforced lockdowns have halted the operations of many businesses and enterprises, which has been especially hard for small and medium-sized businesses. Several companies have been forced to shut down, creating an upward trend in global insolvencies. read more...

How to Avoid Debt Collection Phishing Scams

Consumer complaints about debt recovery are regularly among the top kind reported to government and legal agencies. These agencies have reported that fake debt collectors from fake debt collection agencies use several deceptive and abusive methods to make their customers pay up, including repeated calls, verbal harangues, and threats to reveal private debt information. read more...

Things That You Should Know Before Hiring A Debt Collection Agency

To run a business, you will need to keep your cash flow in order. This means getting invoices paid on time by your customers. However, as a business owner, you will inevitably encounter unpaid debts. Your clients won’t always pay their bills on time, which can cause a chain reaction that messes with your cash flow. Additionally, chasing payments and juggling your payables can be stressful. read more...

When To Collect And When To Forget A Debt

Debt collection is a topic not often discussed freely, however, if you own a business, it is likely you will come across unpaid debts at some point. Dealing with the problem of late payment for goods and services is not uncommon, especially in today’s uncertain economic conditions. More often than not businesses will attempt to recover a late payment with the debtor directly, without having a third party involved. read more...

All You Need To Know About the Corporate Debt Collection Guidelines in Australia

To run a business successfully, it is essential to have a consistent cash flow. However, if your clients aren’t making their payments on time, this can harm your cash flow, which can ultimately have severe consequences for your business. There are many ways to tackle customers who do not respond to your invoices. The two most common ways to settle this debt is to deal with the debt internally or by outsourcing it to a third-party debt collection agency that will take care of it for you. read more...

Is Debt Collection A Taxable Service?

Outstanding debts are a huge problem for business owners. It interrupts their entire cash flow process, which can easily lead to financial hindrance if the situation gets out of control. If a business is struggling to collect their debt independently, then it might be time for them to just bite the bullet and hire a debt collector or a debt collection agency. These agencies will then take over the debt collection process for the business and are more likely to get a positive result when dealing with the debtor.' read more...