To get you acclimated to this topic, commercial debt is any debt owed by a business or commercial venture. This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. Commercial debt can accrue to a considerable … [Read more...]
What is Commercial Debt?
How Process Service Can Help You Collect Commercial Debts
When you’re attempting to collect a debt from a commercial customer, you know that every second counts. After all, the older the debt is, the harder it becomes to collect. When the traditional letters, phone calls, and negotiations fall short, it may be time to consider filing a debt collection … [Read more...]
Business Debt Collection Laws and their Connection to Commercial Debt
Running a business involves the provision of goods or services in exchange for payment. In a perfect world, this exchange should be seamless. However, we are not in a perfect world, and sometimes clients may fall back on their payments. Unfortunately, this tends to strain your business … [Read more...]
When Should A Company Take Action Againts A Business That Owes An Unpaid Invoice?
Debt Recovery Resources recommends a company takes a close look at the following factors 1. Age – Age is the number one determining factor if an account will pay and how quickly an agency can recover the money. Look at it like this. The rate of recovery for accounts 90 days delinquent are much … [Read more...]
