Debt Collection

If you are a small business owner, you understand how challenging it is to remain operational without dipping into the red. When a client or customer fails to pay on time or at all, it can inspire significant financial stress and disrupt your operations. Even if you...

Some businesses have to invoice clients for the services they provide. They count on these clients to pay the invoice so the business has an income and a steady flow of cash. When the client doesn’t pay, it can put the company in a financial bind.  One of the first...

Being paid on time is important for every business. However, it is especially important for startups and companies that are trying to grow. These businesses may not have the financial capital as a backup for missed payments. In short, a series of missed payments could...

Calling clients to ask for delayed payments or business debts is not everyone’s typical day in the office. Making debt collection calls is an art that takes time to master and involves effective strategies and techniques. The following are some tips for making...

It can be very frustrating when clients don’t pay what they owe. They took on that debt and made it sound as if it would be affordable. But they have since failed in their obligations to make timely payments, and now it’s having a larger impact on the lender. But why...

Every business, regardless of size or industry, faces challenges related to unpaid invoices or debts at some point. While extending credit can foster customer loyalty and boost sales, it's essential to have strategies in place to recover any money owed to one’s...

When creditors have an outstanding debt, they will certainly attempt to contact that individual when they fail to pay the debt back on time. They may do this by email, by sending a letter in the physical mail or by making a phone call. That being said, there are...

One of the most challenging experiences as a landlord is dealing with a former tenant who owes you rent and is not paying up. It can create financial strain if you rely on rental income to pay your bills or maintain the property. If you are in such a situation, below...

Running a small business isn’t always easy, and there are some tasks that are much more unpleasant than others. One of these is having to collect money that’s due to your company, especially when people don’t want to pay up. Trying to monitor accounts to determine who...

If you have a client or customer who owes you money, and they pass away, you might consider contacting their heirs to ask them to pay back the debt. You are sorry for their loss, but you could still be looking at thousands of dollars in debt that needs to be repaid,...