Past Due – Bad Debt

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…

Understanding Collection Agencies

Understanding Collection Agencies Understanding Collection Agencies is quite simple.  Typically, a collection agency is contacted to take care of outstanding debt that is past due.   A collection agency has access to software and know the laws of collection.  Collection Agencies are considered a third party.   Companies with the past due debts turn it over to the…