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.
Tips and Advice
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.
Cash flow problems can cut to the heart of any business. Case-in-point, a U.S. Bank study recently found that 82 percent of small businesses in the United States fail because of issues related to cash flow. And one of the biggest drivers of this is a client not paying on… Read More »8 Businesses That Suffer Cash Flow Problems: Is Yours One?
Young businesses often operate blindly with regard to cash flow. They don’t give it enough thought, instead seeing only revenue and expenses. As long as the R’s outpace the E’s, everything should be fine — or so goes the thought pattern. Why Cash Flow Matters If they haven’t done the… Read More »Why Cash Flow Is So Important, and How an Agency Can Help
Unpaid debt is a massive problem in the United States, not only for consumers but businesses as well. Debt settlement is the act of accepting less than what a client or customer owes to get delinquent accounts off the books and generate some form of compensation you otherwise wouldn’t receive.… Read More »How Debt Settlement Works, and When It’s Good for Your Business
Nothing grinds the progress of a new business to a stop quicker than cash flow problems. You can’t function if you’re not getting paid, no matter how much “business” you’re actually doing. Fortunately, there are ways you can get out in front of issues or address them promptly so they… Read More »How to Get Out of Cash Flow Problems
As any business owner knows, having a debt recovery plan for when clients can’t (or won’t) pay is an integral part of running a successful company. Unfortunately, unpaid debts are rampant throughout the United States. In fact, a Business Insider report from 2010 found there was around $2.4 trillion in… Read More »5 Debt Recovery Tips to Get the Payment You Deserve
To improve cash flow, simply put, means to ensure that more money comes into your business than goes out. It’s simple as a concept but trickier when it comes to execution. The tricky part — and why it can be difficult to improve cash flow if you have the wrong… Read More »5 Steps to Improve Cash Flow for Your Business
State law may dictate the process for managing unclaimed consumer over payments and refunds. Why is this important for you to know? “Each state is different but you are required to refund over payments on a consumer’s account. https://www.acainternational.org/news/from-collector-what-to-do-with-unclaimed-property