Commercial debt collection can be a real challenge. The fact is, paying your invoices is NOT a priority to your customers. On average, 80% of your customers will pay on time, while 20% will not. Why is this so? The answer is quite simple: it’s not a priority. Paying YOUR invoice is not your customer’s top priority. In fact, many of your customers rely on this free-float to help finance their business. This strategy, known as Trade Creditor Financing, can hurt your bottom line if not controlled and managed. (more…)
Archive for the ‘Commercial Debt Collection’ Category
Commercial Debt Collection Is Not A Priority
Wednesday, March 3rd, 2010The IRS Advantage Collection Letter
Saturday, February 27th, 2010Get the IRS to help you collect from your most delinquent accounts using a revolutionary new collection letter.
At some point every business will encounter this problem: the customer who refuses to pay. You’ve tried every tactic at your disposal, but to no avail. The account is still outstanding and the customer isn’t paying anytime soon.
What else can you do prior to placing the account with a collection agency? You can have the IRS help you—in a round about way—to get your customers to pay. (more…)
Business Debt Recovery: My Customer Just Filed For Bankruptcy – Now What?
Wednesday, February 17th, 2010When it comes to business debt recovery in todays economy, business bankruptcies will normally account for the majority of business bad debt losses. Business bankruptcies have increased 54% from year end 2007 to year end 2008. (more…)
