In September 2017, Hurricane Maria ripped through Puerto Rico and caused almost $140 billion in damage to the island, which has a general annual budget of less than $9 billion (NPR.org). Following Hurricane Maria, more than 160,000 homes were damaged or destroyed, which has caused many consumers and companies to rack up large amounts of … Read more
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So far in 2019, we’ve discussed commercial debt collection in a variety of locations around the United States and the world including Connecticut, Illinois, New York, and China. This article explains the commercial debt collection practices in Los Angeles (LA), California, and why the city focuses on utilizing all available resources to increase the collection … Read more
As one of the richest states in the United States, Connecticut has several problems with its budget and commercial funding. In cities surrounding Bridgeport, corporate giants are leaving and thus cutting jobs and funding to the state. But how has this impacted commercial debt collection in the city of Bridgeport, CT? This article provides information … Read more
Have you ever wondered what happens if Chicago businesses don’t make their payments? This article will describe different commercial debt collection laws and how they are practiced in Chicago. Chicago Debt Collection Laws Chicago has a variety of laws for the process of debt collection; the Federal Fair Debt Collection Practices Act (FDCPA), the Illinois … Read more
Do you live in New York City and know a company who owes you outstanding debt? Do you know the laws and regulations of collecting commercial debt in New York City? Every U.S. state has its own debt collection laws and regulations, which are enforced in addition to any federal laws. The best people to … Read more
In December 2018, we discussed international commercial debt collection and the different aspects of it. At Prestige Services, Inc., we provide commercial debt collection services in countries like Mexico and Canada. Every country has different commercial debt collection laws, from Mexico and Canada to China. In this article, we will be explaining the commercial debt … Read more
Earlier in December, we explained what international debt collection is and why it’s such an important aspect of Prestige Services, Inc. In order to be able to practice international debt collection, an agency like PSI must be well versed in international collection requirements and laws. In this blog post, we will review the advantages of … Read more
At Prestige Services, Inc., we offer professional debt collection management services for national and international commercial accounts. We provide commercial debt collection services to every U.S. state, and in other countries like Mexico and Canada. But is commercial debt collection in other countries the same as it is within the United States? How is it … Read more
We’ve covered how to communicate with clients with unpaid invoices and how to determine effective payment plans for those clients. Have you ever considered making a deal with a client on an unpaid invoice? This article will review if you should make a deal on an unpaid invoice and better strategies to make sure invoices are paid … Read more
There’s always going to be a client who doesn’t pay their invoice. Some clients are unable to pay their invoices and some just refuse to even if they can. If you ignore the hole of debt your client digs at your company, it’s likely they will keep digging and that amount will increase. Who should be … Read more
