Many business owners get understandably frustrated when they hear about new consumer protections when it comes to debt collection. Politicians tend to construct legislative changes around what’s popular, and since there are many more people who owe money than businesses trying to collect, it can be a daunting task. In… Read More »Regulation F Updates: What Businesses Need to Know
According to a report by the Small Business Administration, over 30% of invoices are paid late. This means that millions of dollars in invoices are overdue each month. Late payments can have a serious impact on businesses, especially small businesses. When an invoice is overdue, it can put a strain… Read More »How to Not Get Paid: 6 Missteps to Avoid When Collecting On a Debt
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Collecting a debt can be nothing short of unpleasant. No one enjoys it, no matter which side they’re on. The process of collecting can stretch for months and even years– exhausting everyone. However, there will be new collection methods available as we soon enter the 2021 winter holiday season. In… Read More »How Debt Collectors Can Use Social Media to Collect
As we all start counting down the days to January 1st, 2021, it’s time to set a New Year’s Resolution or two for your business. There is so much uncertainty heading into the upcoming year. You should have attainable and quantifiable goals. This is a good way to stay motivated.… Read More »New Year’s Resolutions for Your Cash Flow