When a consumer owes you money, you must make efforts to collect the debt within a reasonable amount of time. Debt collection can be slow and frustrating. In addition, if you fail to do your part to make collection in a timely manner, you may lose your chance to...
When you get a judgment against the debtor, you are now in the position of being a judgment creditor. This gives you a lot more power, and you can do many things with the judgment. Read on to learn about some of the options a judgment creditor has. Judgment Creditor...
As a small business owner, you face many challenges that are unique to the way you do business. One of these challenges is how you collect debt. Collecting unpaid debt as a small business is incredibly difficult. Consumers may believe you don’t have the manpower or...
It isn’t always possible to avoid working with customers who do not pay their invoices on time. Some customers allow their bills to go into collections. However, in some cases there are bookkeeping practices for small businesses that can decrease the chances of...
We covered the importance of a credit application in a previous article that can be found at Debt Collection Starts on the Front End. There are other documents that you should make a part of your regular business process. Those include purchase orders, delivery...
