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35 POSTS_FOUND
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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.Read More -
Published on : March 1, 2021
Ghosting, or putting a creditor on permanent ignore, is fairly common in consumer debt collection. While this has remained constant in consumer collections, we have noticed a substantial increase of commercial debtors (especially limited companies) who have chosen to cut off communications with their unsecured creditors. All of a sudden you can't get the person responsible for paying your receivable on the phone. Messages are never returned and the debtor company has stuck their head in the sand, hoping you will give up and just go away.Read More -
Published on : February 6, 2021
There are provincial Statutes of Limitations on when you can sue, or litigate, a debt in different provinces. In the US the Statutes of Limitations for different states can be anywhere from 3 to 15 years. Whether you are lending or collecting, it is wise to be aware of the Statutes of Limitations in the states or provinces where your customers reside.Read More -
Business Trends in 2021 Author : IRS CollectionsPublished on : January 7, 2021
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Published on : December 7, 2020
