Taurus Collect

MAY 12, 2024

In the realm of debt recovery, the “ no collection no fee ” debt collection strategy stands out as a beacon for ethical practice. Clear Communication and Transparency In adopting a no cure no pay debt collection model, a commitment to clear communication and transparency becomes paramount.

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Nexa Collect

JUNE 19, 2020

Most Concrete Pumping companies do not require collateral for their accounts receivable; however, the Company may file statutory liens or take other appropriate legal action when necessary on construction projects in which collection problems arise. Typically, the Company does not charge interest on past-due trade receivables.

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Nexa Collect

OCTOBER 31, 2022

Construction. Plumbing, Heating, Air. Engineering. Interior Design. Travel Agent. Distribution. Medical / Athena. Publishing. Credit Unions. Retail/Consumer Misc. Pest Control. Auto Supply & Repair. Restoration Companies. Commercial.

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Collections Law

SEPTEMBER 21, 2020

If you are unlucky enough to have done business with construction companies or property owners who seem to be rolling in cash, but never have time to pay, you’ll soon find out the importance of a mechanic’s lien in Massachusetts in debt recovery. To be able to take advantage of this debt recovery tool you need: 1.

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Collections Law

JUNE 15, 2020

The Massachusetts Mechanic’s Lien Statute is a law that helps safeguard contractors’ and suppliers’ “investment” in a construction project’s improvement. A mechanic’s lien is a statutorily-created lien against the construction property. Mechanic’s Lien—What is it and How Does it Work? Cohen LLC, increases your chances of getting paid.

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UK debt collections

FEBRUARY 16, 2024

The spike in job losses means people are unable to pay their personal debts and so on. This article takes a look how the recession could be affecting both Personal Debt Collection and Business Debt Recovery. The retail and construction sectors are particularly being hit hard by sector insolvencies.

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Collections Law

MARCH 8, 2021

Suppliers, contractors and subcontractors, especially those in the construction industry, know this all too well, as they can often be strung out waiting for their compensation after completing work for the project for which they were hired. Provided general contractor or construction management services on a given job.

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Taurus Collect

SEPTEMBER 18, 2023

Cash flow management: The no win no fee model enables you to better manage your cash flow by eliminating upfront costs and only requiring payment upon successful debt recovery. Drafting a Strong Debt Collection Letter A well-constructed debt collection letter should embody several key elements to ensure its effectiveness.

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Debt Recoveries

NOVEMBER 27, 2022

The client might not have the cash on hand to pay right away (this is a concern in the construction sector where milestone payments are typical or in the rural / farming sector where income is dependant on seasonal crop harvesting). . The post How to Prevent Bad Debts in 2023. If this was enforced, the client would use a competitor.

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Collections Law

AUGUST 30, 2024

Mechanic’s liens are for private as opposed to public construction projects, while payment bonds are often required in public construction. In either a mechanic’s lien or a payment bond, securing an experienced commercial collections attorney can help your collect your construction related debts.

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Collections Law

AUGUST 20, 2023

If you own a large construction company, you are familiar with mechanic’s liens. They are a powerful tool given by statute to certain actors in the construction industry, and they’re the only type of property lien that doesn’t require a judge’s approval. These are an effective method of obtaining payment from delinquent clients.

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Collections Law

AUGUST 11, 2020

You also don’t have to sit helplessly in the face of bad debts when your debtor fails to make payments. Cohen, can turn bad debts into definite debt payments, while you enjoy a stress-free debt recovery experience regardless of where you are located—in the state of Massachusetts, another state or another country.

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True Accord

JUNE 27, 2022

We know what motivates an individual may change from day to day depending on their circumstances, so we treat them based on their active engagement and behavior with our system rather than construct a specific profile for each consumer and treat them based on that basic account profile.

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Taurus Collect

JULY 29, 2024

Friendly Follow-ups : Schedule phone calls to discuss outstanding debts in a constructive manner. Consider these methods to improve your outreach: Personalised Emails : Tailor messages based on the customer’s history. Automated Reminders : Set up gentle reminders before due dates.

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UK debt collections

NOVEMBER 28, 2023

This will allow HMRC to better target their HMRC debt collection activity, pursuing those with tax debts that can afford to pay, and providing support to those that are temporarily unable to pay.

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Debt RR

JANUARY 24, 2020

Net 30 accounts are common for products that businesses need to purchase routinely, like: Construction materials. The post After-Tax Cost of Debt – How to Calculate it For Your Business appeared first on Debt Recovery Resources. Creative services. Office supplies. Restaurant supplies. Retail orders.

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Collections Law

JANUARY 9, 2025

Before a business owner can file a mechanics lien for an unpaid construction or building debt, they must first establish a contract by filing a notice of contract. This includes protecting the financial interests of contractors, subcontractors and suppliers in the construction industry. At Law Offices of Alan M.

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Burt and Associates

FEBRUARY 3, 2025

-based businesses face unique challenges : Higher interest rates : The Federal Reserve’s interest rate hikes have made borrowing more expensive, increasing monthly debt obligations. Sector-Specific Debt Growth : Retail, hospitality, and construction businesses are seeing the highest increases in outstanding debt.

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Burt and Associates

JANUARY 10, 2025

Example : A construction company amortizing the cost of a new excavator ensures the machine generates revenue while its cost is gradually paid off. Debt Consolidation Consolidating into a single amortized loan for businesses managing multiple debts can simplify payments and reduce overall costs.

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