Case Studies

There are various challenging aspects to handling the financial side of business transactions, be it the rendering of services or provision of goods; one must deal with customers and payment woes in all cases. A rising issue most businesses face is the mounting accounts receivable resulting from unpaid accounts and elusive customers, making debt recovery … Continue reading Top 5 Challenges of Commercial Collections and How to Manage Them

Do you often find yourself treading water in the sea of financial responsibilities? But confused about how and where to start. In 2023, you were stuck chasing down overdue payments, the same old tactics feeling dusty and ineffective. It is a constant battle, leaving you stressed and your cash flow stagnant. But hold on 2024 … Continue reading Getting Ghosted by Payments? Here’s How to Handle Delinquent Accounts In 2024

Most businesses need help recovering unpaid invoices from services and goods rendered to other companies that land them in a situation of low cash flow. The lack of funds and revenue creates issues with low cash flow that can hinder business growth and prevent new projects from getting piloted. Businesses also struggle with regularly repaying … Continue reading How to Maximize Recovery Potential in Commercial Collections

In an era where technology is transforming industries left and right, it’s time for the debt collection sector to catch up. This article discusses how cutting-edge technologies revolutionize debt collection, promising a smoother, more effective process for creditors and debtors. Read on to gain further insights into a streamlined future where debts are managed precisely … Continue reading Tech-Powered Collections: How Technology is Transforming the Industry

It has been a recent concern for Americans to handle their increasing debt and the implications that come with it. With every passing year debt is becoming a more pressing issue for the average American, rising to about $11.67 trillion approximately per household across the U.S. according to the Federal Reserve Bank of New York, … Continue reading How Debt Collection Impacts Your Credit Score

Debt management is an important responsibility of a business. There are different types of debts that businesses deal with. Debt collection for B2B (business-to-business) companies also known as commercial debt is different from the debt collection of B2C (business-to-consumer) companies i.e., consumer debt. However, regardless of the business type, debt recovery is crucial for businesses … Continue reading The Difference Between Consumer Debt and Commercial Debt

Debt, you’ve got to hate it. There is nothing worse than having your life’s savings fled up in debt and having no way out to bring them back. That is the sad reality of millions of Americans facing crushing debt. According to a recent survey by CFPB, almost 70 million Americans face one type of debt at … Continue reading Discover How to Find a Reliable Debt Collection Agency

Collecting debts from various businesses can be a long and strenuous process that can hinder the proper functionality of any government department when most of its success and smooth running depend on adequate cash flow and revenue generation. Municipalities are not any different and require the same amount of collaboration from their internal operations and … Continue reading How Municipalities Can Foster Positivity through First Party Collections

While many of us are going into 2024 with high hopes for more mobility and exploring new avenues, millions of Americans are inching toward debt faster than ever. This sounds an alarm bell for consumers and how they manage their financial game plans, without anticipating debt recovery when they rack up credit. However, it is … Continue reading The Upward Trajectory of Debt in the U.S. – What do Debt Collection Statistics say

As businesses stand at the cusp of accelerated technological advancement and global interconnectivity, more people in America are considering scaling their operations within their monetary capacities. The ongoing economic crisis has everyone wondering how to maintain their business without maxing out on their resources, and credit unions especially need to put together various strategies to … Continue reading How Offshore Outsourcing Secures Your Credit Union’s Core Competencies