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• Debtor Psychology 101 Author : IRS Collections

  Published on : August 1, 2021
  

  We are continually asked about the debtor psychology techniques our collectors use to get such quick results. Our collectors are highly trained professionals with decades of experience, so identifying the type of debtor psychology they are dealing with is involuntary.

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• Look Before You Sue Author : IRS Collections

  Published on : July 10, 2021
  

  Too many people assume if they sue a debtor company, and-or individual and get a Judgment, that they will automatically get paid. In many cases people will sue blind, without knowing the exact financial situation a debtor is in. Some people let their emotions take over and ignore one simple question: If the debtor doesn't pay the Judgment voluntarily, then what?

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• Electronic Documents and Signatures Author : IRS Collections

  Published on : June 10, 2021
  

  Electronic documents and electronic signatures (eSig) are now more widely accepted and in many instances are legally enforceable, or evidentiary in BC and Alberta. The increase in electronic documents and signatures can be compared to the increase in people sending eTransfers. The pandemic has also influenced and accelerated the convenience and practicality of electronic documents and signatures.

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• When to settle a debt Author : IRS Collections

  Published on : May 7, 2021
  

  One of the hardest decisions in collecting potential bad debt is whether to cut your losses and take a settlement of x% on the dollar, or go for the full balance. When considering a settlement it is prudent to factor in the financing costs of carrying your delinquent customer's debt. Also, what can you do with the settlement dollars right now, as opposed to somewhere down the road. In many instances, a rejected settlement offer can result in the debtor going into receivership or bankruptcy. There are many factors to consider when deciding on whether to accept, or reject a settlement offer.

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• Credit Applications or Agreements Reduce Risk Author : IRS Collections

  Published on : April 1, 2021
  

  One of the smartest moves a business can make when extending credit is to have a comprehensive credit application, or agreement. In fact, many credit savvy companies have several variants of their credit application, or agreement, to cover different situations and reduce risk. In addition, every industry and company has its own unique customer credit logistics.

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<< < 1 2 3 4 5 6 7 > >> 34 POSTS_FOUND