It isn’t like the movies…. Have you heard of the statute of limitations? I’m sure you have and realize that limitations tell us how long you can collect from past-due accounts. Most want to know what the time of that limitation is. The truth: it depends. Collections Are not Like the Movies. In the Movies:…
The question is: should small businesses hire a Collection Agency? Do you have unpaid invoices from clients? If so you are not alone. According to Sage 10% of most invoices are never paid or paid so late the company has to write them off, creating a total loss. If you own a small or mid-size…
There is a multitude of reasons why you are being turned over to a collection agency. First of all, there is a debt owed and it has not been paid. Believe it or not, there are times this happens without people being aware. At times we also run into someone who was misbilled and they…
This is an area all businesses have to deal with daily. GREAT Email Subject Lines – Increase Open Rates. Each of us sends emails in the expectation it will be opened but that isn’t always the truth. All business owners look for ways to improve open rates. Why this is so important is the fact…
The question we get asked most is how we get paid. The more important question more than how do we get paid is how can we help you? Do you even know what we do as a reputable collection agency? We serve business owners as their outsourced collections dept to retrieve as much as possible…
Ways to add joy to your daily routine. Let’s face it all of us are busy. We juggle business, community, children, sports etc. The most important thing to do is to determine what brings us JOY in what we do. Unhappiness or lack of joy can bring negative situations including your health to your life.…
Cash flow is typically the biggest concern not necessarily past due – bad debt in the minds of business owners. Being prepared before the situation arises is half the battle. Having a plan for how to effectively eliminate your bad debt is the first step. Knowing what collection agency you want to work with is…
Sometimes we find it hard to get started when setting goals. Why we Need Motivation…. It can be difficult to break down that goal into bite-size pieces in order to hit the target. No matter where you are in the process you need the motivation to complete the goal. Motivation is important for a variety…
Business owners need to be educated even though they are quite busy. Use this information to help save time and help you choose a collection agency and why. Make sure your information is correct When you obtain information from your customers make sure you ask for and receive as much as possible. This can…
No one is excited to get a call from a collection agency. How to handle harassment from collection agencies. It is embarrassing but the best thing you can do is acknowledge the debt is yours. Don’t take it personally when a collection agency calls you, they are just doing their job. …