When it comes to collecting debts from a business in another state or country, it’s important to be aware of the laws in both your own location and the location of the business in question. While it’s always a good idea to understand your potential client’s regional situation, when it comes to debt collection you’ll […]
Collections Across Borders Read More »
The debt collection industry functions much differently than it used to. A lot of this has to do with the introduction of automation and self-service technology. Over the course of just a few years, these advancements have made it possible to reduce the amount of time spent on the tasks that were once monotonous and
Tech in the Collections Industry Read More »
If you are in the service business and are often in the situation of having outstanding receivables there may be struggles getting your money back from time to time. Sometimes, the money you lent to a borrower is returned later than expected, creating a negative cash flow which can be a stressful situation. When other
Is Your Internal Collection Process Not Working For You? Read More »
It’s happened: you’ve received a letter saying that a customer of yours has filed for bankruptcy to resolve their debt problems. While this can be a frustrating situation, don’t waste your time worrying about what may or may not happen. Depending on your customer’s bankruptcy details, acting quickly could result in repayment for a portion
When a Customer Files for Bankruptcy Read More »
As a business, it can be frustrating watching days, weeks, or even months pass by while you wait for reimbursement for your valuable time, products or services. Afterall, the saying “time is money” holds true when it comes to unpaid debts. According to figures from Inside Account Receivables Management, by the time receivables are 90
3 Ways to Create Urgency in Collections Read More »
What is the process for placing an account into collections? How do you do it, and what happens once you do? We’ve put together this handy step-by-step guide to show you the process in more detail. With this, you can see how Alexander, Miller & Associates would go about helping you collect what’s owed.
Process for Placing Accounts into Collections Read More »
Small and medium businesses often have a difficult relationship with debt collection. They want to be paid for their services or products but what they don’t want is to come on too strong and risk losing a client. However, this stems from the very idea that asking people for your money back is a bad
Top 3 Tips For SMB Owners Trying To Collect a Debt Read More »
Running your business can be difficult. You’ve got projects, employees, accounts. A hundred spinning plates, and they’re all tied to your income and your company’s success now and in the future. Maybe you run your business because you’re really passionate about what you do, or maybe you found something you’re really good at and enjoy
Debt Collection vs Receivables Management: What’s the Difference? Read More »
With any business, it’s important to follow the trends happening across the world and its various markets. From social media trends to changes in domestic or international markets, keeping an eye on the flow of money and interest around the world is a crucial factor in maintaining a solid bottom line. The same is true
Watching The Trends Read More »
If you find yourself or your business with debts that have gone to collections, it can seem a little overwhelming. We’ll break down the process of paying off the debt in collections so that you can get them handled quickly and efficiently. To start, it’s important to realize that if you have debt that is
How to Pay Off Debt in Collections Read More »