Toward the end of the year, many people will be eagerly anticipating tax payments. The average federal tax return is around $ 2,000. For the average person, this amount can be a significant contribution to annual expenses such as vacations, car repairs, and holiday purchases. Tax returns can also be used to pay off debts, but sometimes overdue bills are no longer a priority for debtors. At Southwest Recovery Services in Dallas, Texas, our team of experienced debt collection agents has spent years helping our clients recover lost revenue and settle unpaid accounts.
For the new year, the credit forecast for TransUnion 2020 looks like the credit market will be in good condition. Among other things, TransUnion reports that delinquency rates for car loans, credit cards, mortgages, and unsecured personal loans will decrease or remain stable. US consumers are expected to succeed again in 2020. This has been one of the longest periods of positive sustainable lending in the last few decades. TransUnion (NYSE: TRU) consumer credit estimates for 2020 delinquency rates for car loans, credit cards, mortgages, and unsecured personal loans will decrease or remain more or less the same.
When it comes to debt and debt collection, having an awareness of popular trends and practices in society can go a long way towards making sure that debt collection efforts are successful, and that the methods are being used to not only return lost revenue, but secure potential future revenue… Read More »How Millennials are Changing the Way Debt is Handled
One of the primary reasons that our clients end up relying on our collection services to try and recover lost revenue from their customers is a behavior known as “stonewalling” that involves making every effort to avoid answering the phone or responding to email requests. This type of behavior by a customer who owes money can be frustrating, and for many businesses or in-house collections teams, the options for overcoming this type of barrier can seem extremely limited.
At Southwest Recovery, our team of highly experienced professional collections agents has been working with clients across Texas and in other parts of the nation for years to recover lost revenue and settle bad debts in a variety of industries.
Managing the accounts receivable revenue cycle for your company can be a difficult prospect. During the holiday season though, this responsibility can be particularly challenging because of the range of added responsibilities that are all lumped together during the end of the year. The sense of urgency that comes with… Read More »Tips for Collecting During the Holiday Season