Waiting to collect debt not only delays any potential payment, it also adds additional hurdles to your debt collection process. As a business ages and grows, managing accounts receivables with detailed debt collection practices becomes essential to its success. Uncollected debt can pile up before you know it, putting a serious financial strain on your…
New business debt collection may be the last thing on your mind as you juggle all the different moving parts the come with starting a business. But it can be a deciding factor if your business is to survive and thrive. If you are in the process of starting a new business, debt collection on…
Stay ahead of dental office debt collection by having procedures in place that thoroughly inform patients of your practice’s billing process and by following up immediately with any past due accounts. As trained medical professionals, dentists like you want to ensure that patients experience as little pain as possible. However, dental practice business owners often…
It’s important to respond to any communications and document each step of the process when resolving your outstanding debt through a debt collection attorney. Because of their involvement in collecting money you owe a creditor, you may be contacted via a phone call or a letter from a debt collection attorney. There are consequences to…
Establish preventative measures to help your small business with the debt collection process. If you are a small business owner, you are often the most vulnerable when it comes to debt collection due to the vast resources accessed by larger companies. Lack of payment by just a few large clients, or many small ones, can be…