A comprehensive guide to Texas debt collection laws Texas Debt Collection Most times, creditors will exhaust every possible option to make a debtor pay their balance. Chasing debtors down is a hassle, and takes up time that you should be spending on growing your business or servicing paying clients. You… Read More »What is the Texas Debt Collection Act?
It can be detrimental to the financial wellbeing of your business when a client or tenant doesn’t fulfill their contractual obligations and pay you on time. Whether you sell cars, lease apartments, or provide other services, you need a consistent cash flow to manage expenses. It’s understandable that people are… Read More »Everything You Need to Know About Judgment Collections
When a patient has a medical problem they schedule an appointment, check in with their insurance information, fill out a couple of forms, visit with the doctor, and go on their way with treatment in hand. The average person would think this is the end of it. However, the process… Read More »How a Collection Agency Can Help With Medical Revenue Cycle Management
A lot of businesses have struggled to say in the black since last march when the Covid-19 pandemic started. Both established businesses and startups took a hit. Many had to reduce their operating hours, admit fewer customers to brick and mortar stores, or even shut down temporarily. Without a consistent… Read More »7 Tips to Dig Your Business Out of Debt
Last year brought new financial burdens to businesses and private citizens alike. Financial uncertainty stemming from the Covid-19 pandemic threw many household’s finances into disarray. 63% of people who reported that their financial situation declined last year, cited the loss of a job as the reason why. Even the government… Read More »Common Sources of Debt in the U.S.
Congress recently approved the third stimulus relief package, which is a part of the $1.9 trillion American Rescue Plan Act. President Biden signed off on the American Rescue Plan Act on March 11, 2021, and the first stimulus checks started rolling out the same weekend. The $1,400 stimulus checks will… Read More »Stimulus Checks Provide Debt Relief
A Texas federal judge ruled that the CDC moratorium on evictions is unconstitutional. The moratorium was enacted after Congress authorized the CDC to take steps to stop the spread of communicable diseases. Many people were concerned that mass evictions would lead to homelessness for many individuals, and the homeless population… Read More »Texas Judge Rules Against CDC Eviction Moratorium
There are many barriers that can keep a business from being able to collect on past due debt. As a professional debt collection agency, we try to mitigate many of those barriers. Many small businesses have more of those barriers than some larger businesses. Lack of training and experience in… Read More »Proper Documentation is Key in Debt Collection
During normal business operations, it can be a risk to extend credit to clients. As a business owner, you know this risk is part of doing business. Customers expect it, and you risk losing business without it. During a crisis like COVID-19, extending credit or payment plans becomes even more… Read More »How to Avoid Unpaid Debt in a Crisis
No matter how careful you are with your finances, there is a good chance that you will have to deal with a debt collector at some point. Even the most conscientious person can forget a bill or run low on funds for a while. Media and pop culture rarely speak… Read More »How to Deal With Debt Collectors