Debt Caused by Christmas: Many consumers don’t stop spending even though their budget and finances don’t allow. Did you over spend for Christmas? Are you deeper in debt because of the holiday? If you did you are not alone. The issue comes in when you spent beyond your budget and then you go into collections. …
The Need to Hire a Collection Agency – 9 Questions to ask before saying yes to work with a collection agency When you feel the need to hire a collection agency, you need to look at a few criteria before hiring. Have they worked with your particular industry previously? How long have they been in business? …
Tell the TRUTH about Business and your customers will become lifelong customers. Be upfront about all the possible costs involved. Don’t change them after the fact and continue adding to their bill or invoice. This makes them start to question your integrity. This is the quickest way to lose a referral. Every business has things…
Here are 5 things you need to know before hiring a collection agency: 1) Do your Research and Know their Expertise Know what type of collection agency you are looking for before you begin your hiring process. Some only specialize in specific areas. Example they may only handle retail, medical or certain size business. Just…
Check out these 5 Benefits to using a collection agency. Every company who allows payments or invoices on a 30-45 day cycle will have some debt owed to them from customers. This is considered your Bad Debt on your profit and loss statement. Collections can be managed by an internal employee or outsourced to a…
Stay Focused 9 Tips for the New Business Owner It is so easy for the first time entrepreneurs to feel the need to follow every shiny penny. As some say “Squirrel” because some areas easily distracted as watching squirrels run across the road. Stay focused and productive. Better to do one thing well than several…
Let’s look at what it takes to create the power of a clean office. It doesn’t matter if your office is in-home or in a commercial location it is important to keep in clean and uncluttered. First of all if you are entertaining clients at your location you need to make sure your desk look…
While many people have heard of collection agencies, and even have had to work with them before, not very many people know exactly what collection agencies do or what they have the capability to do. Check out these four facts about the role collection agencies play for business owners.
Ways to protect your cash flow. Cash flow can make or break a business. Always know the exact amount of cash in each of your accounts. No guessing! Take your total from your accounts and deduct all the checks and debits you have written to get an exact balance. Figure your cost of…
Your Collection Agency wants to Work with You. MCA collection agency works with businesses in all industries to collect their unpaid debts. If you have clients/patients/customers that have a balance and have not paid even after you have attempted to collect, we can help. We convert your unpaid accounts to paid-in-full accounts at a competitive…