Cedar Financial
See how we are delivering success to our Cedar Financial debt collection clients around the world.
Tech-Powered Collections: How Technology is Transforming the Industry
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
Learn MoreHow Debt Collection Impacts Your Credit Score
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
Learn MoreThe Difference Between Consumer Debt and Commercial Debt
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
Learn MoreDiscover How to Find a Reliable Debt Collection Agency
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
Learn MoreHow Municipalities Can Foster Positivity through First Party Collections
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
Learn MoreThe Upward Trajectory of Debt in the U.S. – What do Debt Collection Statistics say
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
Learn MoreHow Offshore Outsourcing Secures Your Credit Union’s Core Competencies
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
Learn MoreFostering Positive Customer Relationships – The Cedar Financial Method
It is quite easy to be swept up in convoluted processes when it comes to dealing with debt recovery companies. There are minute details and strenuous procedures that can tire you out when all you are looking for is swift recovery. But contrary to widespread belief, some debt recovery companies have a system of customer … Continue reading Fostering Positive Customer Relationships – The Cedar Financial Method
Learn MoreChoosing The Right Agency
When it comes to recovering unpaid debts from other businesses, many companies turn to commercial collection agencies. These agencies specialize in B2B collections and have the resources and experience to help businesses recover the money they are owed. However, not all commercial collection agencies are created equal, and it is important to choose the right … Continue reading Choosing The Right Agency
Learn MoreB2B Collection Basics & Protecting Your Business
Business-to-business (B2B) collections refer to the process of recovering payment from companies or organizations that owe money to other businesses. This process is different from consumer collections, which involve recovering debts from individuals. In the United States, B2B collections are regulated by the Fair Debt Collection Practices Act (FDCPA), which sets guidelines for how debt … Continue reading B2B Collection Basics & Protecting Your Business
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