As you look at your receivables, you ask yourself, how collectible is this debt? Every business owner understands cash and cash flow, so collecting a debt or dealing with slow payers becomes a part of doing business. Since the dawn of the simplest commerce in human communities, debt collection has
Realization rate measures time billed with the percentage of fees collected. The higher the percentage of billings collected, the higher the realization rate.
Your collection manager gave it their best shot — calls, letters, emails, faxes, an offer to go to debtor’s premises to pick up a check — before referring your non-paying customer out for collection. If the debtor doesn’t respond, or the responsive is not productive, your best option is to
How do you know if you are recovering all that you can on your commercial debt collection claims? The answer is unless you are collecting 100 cents on every dollar placed plus interest and return of advanced costs you probably do not know. One way to find out if you
Top 10 reasons why it takes so long to get paid on commercial debt collection: 1. The debtor led you to believe you were going to get paid so you held on to the claim, 2. The claim appeared collectable, but you decided not to pursue suit,
You received payment from your customer for less than the full amount due and you are wondering if you can pursue a New York commercial debt collection claim against them. The customer clearly intends for the “on account” payment to represent “payment or settlement in full.” Can you accept the