When faced with unpaid debts, businesses often consider either placing accounts with a collections agency or filing an insurance claim to recover losses. While both options have their merits, placing accounts for collections offers several distinct advantages that make it a more effective and … [Read more...]
Why Placing Accounts for Collections is Better than Filing an Insurance Claim
Why Your Business Should Consider a Commercial Collection Agency for Account Receivables
In the dynamic world of business, managing cash flow is crucial. One of the most significant aspects of maintaining a healthy cash flow is effective accounts receivables (AR) management. Yet, many businesses struggle with overdue invoices and delinquent accounts, which can strain resources and … [Read more...]
Approving Customers for an Unsecured Line of Credit
Businesses have many needs for capital. They may need cash flow to cover accounts receivable, they may need funds to expand, or they may need money for payroll. Often, a business cannot or is unwilling to put up collateral to secure a line of credit. In this case, the company can apply for an … [Read more...]
HOW TO DETERMINE DEBT CAPACITY FOR A COMPANY
Most businesses will eventually need to borrow money or enter into a lease agreement. Whether it’s venture capital to get new technology off the ground or a lease for office equipment, financial transactions like these happen. There’s nothing wrong with this – it’s a standard course of business … [Read more...]
Feds Raising Rates | Debt Recovery Resources
Feds Raising Rates: What You Need to Know The Feds have signaled that they’ll likely raise interest rates again in 2022. And this is important to know if you plan on taking out a loan in the near future. Because interest rates affect almost everything, but most especially loans. When interest … [Read more...]
