Blogs on Various Topics
Since 1991 Cedar Financial has strived to become a leader in domestic and international debt recovery by putting our customers first.
Our mission is simple; to provide the most comprehensive and professional debt recovery services available to our clients. All this, while focusing on the unique challenges in your industry.
Our industries include international and domestic collections in Education, Healthcare, Commercial, Government, and Retail. At Cedar Financial, we believe in providing our customers with the facts of their industry to guarantee quality and excellence.
See below for a variety of up-to-date blogs posted by Cedar Financial to ensure you have the most accurate and recent information in your field.
The One Thing Every International Factor Needs
International factoring is an essential service that facilitates trade across borders. As of 2016, world international factoring was 507,112 Euros (approximately $600 million), according to Factors Chain International, the largest global factoring network. The availability of cash, cashflow, is critical for small and medium-sized enterprises (SMEs) to be able to participate in the global market, … Continue reading The One Thing Every International Factor NeedsLearn More
Data redaction is the process of editing and removing information before distribution. Because the world around us is going digital by the hour, now more than ever, data redaction is necessary to protect yourself and your organization from data breaches and the chance of sensitive consumer information getting into the wrong hands. Between 2015 and … Continue reading Data RedactionLearn More
Cedar Financial Webinars
With an ever-changing industry, Cedar Financial strives to stay up to date, educate, and share our knowledge of the world of Collections. Webinars, based on compelling topics that affect us all, are hosted quarterly and free to join. Use these webinars as a way to be in the know, ask the questions you wish you had the answers to, and get expert advice on topics that pertain to your profession. Click below to view our latest webinar based on how the TCPA impacts students directly, and to learn how to join in on future webinars.Learn More
Managing Accounts Receivables Risk
A business needs accounts receivable to survive. After all, the goal is to provide a product or service and to get paid for it. However, mis-management of accounts receivable can lead it to get too high, which in turn can lead to unexpected financing, and a cash crunch that can harm a business and stop it from growing. A high accounts receivable from the outside can seem like a good thing, and a sign of a successful business. But the sign of a truly healthy business is one that can manage the flow of cash in and out all while keeping it balanced.Learn More
Massachusetts Made it Harder for Creditors to Collect Their Debts
The highest court in Massachusetts ruled yesterday that creditors (not just debt collectors) must adhere to Title 940 Code Mass. Regs. § 7.04(1)(f) (2012), which prohibits “[i]nitiating a communication with any debtor via telephone, either in person or via text messaging or recorded audio message, in excess of two such communications in each seven-day period … Continue reading Massachusetts Made it Harder for Creditors to Collect Their DebtsLearn More
Malpractice in the Medical Collections Industry
The Webster’s dictionary definition of malpractice is a “dereliction of professional duty or a failure to exercise an ordinary degree of professional skill or learning by one rendering professional services — which results in injury, loss, or damage.” Within the last few years, the FDCPA and the CFPB have rallied together to establish newer laws … Continue reading Malpractice in the Medical Collections IndustryLearn More
Using a Licensed Collection Agency in the U.S is Imperative
Using a Licensed Collection Agency in the U.S. Is Imperative By Amir Erez All over the world, the collection industry of each country is wide and various. In some countries, collection regulations towards consumer and commercial collections are very stringent and individuals working in the industry must attain certain professional qualifications. In other countries, collection activities may only … Continue reading Using a Licensed Collection Agency in the U.S is ImperativeLearn More
Debt Collection in Saudi Arabia
Kingdom of Saudi Arabia- The third largest country in Asia. The paramount body of law in the Kingdom of Saudi Arabia is the Sharia. Saudi Arabia has an oil-based economy with strong government controls over major economic activities. While Saudi Arabia does not have complex transfer pricing rules like other jurisdictions, transactions between related parties … Continue reading Debt Collection in Saudi ArabiaLearn More
What Happens to Student Loans When a Student Moves Outside the US?
Each year thousands of students apply for loan programs in order to finance their higher education. Many students find themselves unable to pay their monthly payments after they leave school. Whether they graduated with a degree or not, sometimes the monthly payments become too big of a burden to handle. Some students have feel that … Continue reading What Happens to Student Loans When a Student Moves Outside the US?Learn More
The World Of Collections
Cedar Financial was founded in 1991 with the goal to build an agency focused on international collections Amir Erez was in law school in California when he realized that becoming a lawyer wasn’t the career path for him. He worked at a small collection agency after earning his undergraduate degree in finance and international business … Continue reading The World Of CollectionsLearn More