A commercial loan is a funding agreement that usually takes place between a financial institution and a business. These types of loans take place for a variety of reasons; in some cases, it is to fund and expanding business and other times it is used …
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When a business hires a commercial collection agency, it’s up to the collection agency to recover the debt owed to the creditor. It’s important to know when to pick the best time to hire a collection agency when dealing with your customer’s debt. That will …
As we approach the end of 2018 it is important that we look back at what has transpired so far in the commercial debt collection industry before moving ahead to 2019. The commercial debt collection industry is one that continues to grow and with growth, …
Earlier this year, we explained the common signs you need to hire a commercial collection agency to deal with someone who owes you money. What happens if a debtor gets an attorney to deal with the debt collection process? This article explains what happens after a …
One of the most important aspects of commercial debt collection for healthcare offices and companies is the proper use of a debtor’s patient data. Whether it’s with a dental office or a hospital, it’s vital to not abuse your power with a debtor’s patient information. This …
In the age of the internet, emails are widely considered one of the most popular forms of communication. Did you know emails are one of the main forms of communication for commercial debt collection efforts? Emails may not be as fast a method as phone …
In April 2018, we covered the top three Dental Debt Collection Best Practices: 1) ensuring customers have dental insurance, 2) have patients sign a financial policy, and 3) work with a commercial collection agency when patients don’t pay their bills. Do you know how to …
In March, we covered the common signs that you need to hire a commercial collection agency. Now that you’ve hired a commercial collection agency, the next question is when should your business go to litigation (e.g. taking legal action). In this article, we will review …
So far this year, we’ve talked about how the commercial debt collection process works. We’ve provided information on the importance of hiring a commercial collection agency, signs you need to hire an agency, best practices for your business, and other helpful information. If you’ve been …
Do you ever have a customer who won’t pay their bill for your service? Debt is a very important issue when it comes time for customers to pay their bill. There are a lot of reasons why your customer won’t pay for their bill. But …
