When you run a business you take every precaution you can to assure clients are reliable. After all, you can’t really afford to provide a service without pay– especially in this economy! You run credit checks, review references, evaluate their payment history on larger purchases in the past. Once you’re… Read More »5 Signs You Need to Hire a Collection Agency
2020 was a tough year for business owners. There are no ifs, ands, or buts about it. Cash flow problems stemming from the Covid-19 pandemic only continued to build as we entered the new year. These issues simply can’t continue for the sake of your businesses’ longevity. It’s time to… Read More »Accounts Receivable Trends in 2021 That Will Transform Your Finances
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
We are living in unprecedented times. Unemployment has skyrocketed because so many people are out of work due to the COVID-19 lockdown. Many are struggling to pay their bills, let alone pay the debts they owe to businesses like yours. And with so many small businesses on restricted hours, or… Read More »How SWR Can Help Your Business During the COVID-19 Pandemic