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Finding A Collection Agency: Part 3 - Things to Consider

Credit Management Company

One way is to hire collection agencies. Finding the best collection agency partner is a reliable way to get the money your business needs. With effective collection agents, you can get paid faster and increased legal protection. Different agencies receive smaller or larger portions of your debt collection.

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6 Quick Steps to Increase Cash Flow and Reduce Debt

Debt Recoveries

Accept payment via as many channels as possible, ensure you have EFT (electronic funds transfer), take credit cards, cash, cheques, etc. Have a dedicated, debt collection agency on call, as part of your accounts receivable process. Do you have a credit application form? Clear terms on your invoices?

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The Economic Impacts of the Debt Collection Industry

Credit Management Company

According to a survey from ACA International’s Ernst & Young , the federal government collected $852 million in taxes from the industry in 2016. State and local governments collected $652 million, paying for things like: Transit infrastructure. Collection efforts are not a zero sum game. Public utilities. Medical care.

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How to Collect Debts Fast and Improve your Accounts Receivable

Debt Recoveries

Have a Credit Management Policy in Place. This decision is much easier if you make it in advance and include it in your billing and collection plan. Have a credit management policy in place. Have a credit management policy in place. Outsource Fast to A Debt Collection Agent.

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Risk & Reward: A Collection Agent’s Point of View

The Kaplan Group

Our larger clients, and those with professional credit management staff, tend to litigate when the ROI looks promising. They understand that debt collection litigation is just another business investment opportunity, and they should proceed whenever it meets their standard investment criteria.

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Collections at Christmas Time - Tips for Collecting During this Notoriously Difficult Season

Credit Management Company

Patient collections can be a challenge any time of the year, but are particularly stressful during the Holiday season. Some collection agencies make the mistake of pausing collection efforts during this time of the year to avoid increasing tension between the healthcare provider and the patient. Timing is Everything.

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Managing Cash Flow During Covid

Debt Recoveries

Accept payment via as many channels as possible, ensure you have EFT (electronic funds transfer), take credit cards, cash, cheques, etc. Have a dedicated, reliable, debt collection agency on call, as part of your accounts receivable process. . . Do you have a credit application form? Clear terms on your invoices?

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