Sure, it’s uncomfortable to talk about money. Especially if you’re having to ask a customer to pay a bill. Yet, outstanding debt is costing your business, to the tune of over $825 billion owed to small businesses alone. Don’t let the invoices pile up. By knowing how to avoid common debt collecting pitfalls, you can…
One of the most frustrating parts of running a business is the instability that comes with those who don’t pay on time. Collecting debt that is owed is a balancing act of business and customer service. Most cringe at the thought of calling up a customer and asking them to pay for services rendered, but without debt collections, funds could…
We all know time is money. Whether it’s the hours you’re putting in at work, effort you’re putting into a business, or the number of days late you are on paying insurance, it all comes back to money. Money doesn’t equal happiness, but it sure does help. Especially as a small business owner, time and…
On average, US small business will see their invoices paid within 23 days of issue. But a quarter of small business owners have had bad debts that they consider to be completely uncollectible. Clients not paying their invoices on time is frustrating and can cause havoc with your cash flow. But those that don’t pay…
Your clients’ overdue payments are a drain on your company. Even with the Fair Debt Collection Practices Act (FDCPA), you have limited recourse. Here’s what you should know about business debt collection. If you’re a small business, you’re familiar with cashflow issues. Overdue payments can make them worse and jeopardize your business. Surprisingly, there are…
What if a little knowledge could help you get the debts you are owed? It sounds crazy, but it’s true. Many people do not know much about business debt collections even as their business is crippled by customers owing money. Don’t worry, though: we’ve put together a definitive guide for everything you need to know…
Americans are in $905 billion of credit card debt. In fact, the finance site estimates that each American household owes approximately $15,000 in credit card debt. Now, for the average person, this is concerning. But for debt collectors, this is music to their ears. We’re all familiar with debt collectors calling our phones at all…
You were able to prove your case against the debtor and secured a judgment. No doubt you are ready to move forward. After all, you worked hard to provide goods or services and deserve to get paid. Now you just need to know what assets can be seized with a Texas judgment. First things first….
Most business owners would readily admit that there’s nothing fun about debt collection. As a matter of fact, it’s more of a hassle in Texas than in other jurisdictions. When you finally get a money judgment in hand, there’s no doubt you’re ready to move forward. First and foremost, there’s the issue of obtaining a…
Without question, anyone who has provided goods or services expects payment. Nothing is more frustrating than aging accounts receivable. More than likely, just about every business would like to use their own methods to collect debt. Notwithstanding, there are laws in place regarding debt collection. Do you know what happens if you don’t comply with…
