JMA

DECEMBER 1, 2024

The supply chain is the backbone of every business, ensuring that products and services move smoothly from suppliers to customers. However, when unpaid debts and overdue invoices disrupt this delicate system, the effects can ripple far and wide. Late payments don’t just impact the immediate parties—they can trigger financial instability, strain relationships, and even jeopardise.

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Collection Industry News

DECEMBER 1, 2024

On November 1, the New York City Department of Consumer and Worker Protection (NYC DCWP)announcedthat the effective date for the amended debt collection rules has been officially moved to April 1, 2025. Late last month, wediscussedhow the NYC DCWP had delayed the enforcement of the new rules from December 1, 2024, to April 1, 2025, in response to industry concerns and a legal challenge filed by ACA International, Inc. and Independent Recovery Resources, Inc.

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JMA

DECEMBER 1, 2024

For business owners, extending credit to customers can be a double-edged sword. While offering credit terms may encourage new business and larger orders, it also opens the door to risks like overdue payments, bad debts, and even financial instability. That’s where credit checks come into play. Credit checks are a vital tool for businesses, helping. Read more » The post How to Use Credit Checks to Minimise Bad Debts appeared first on JMA Credit Control.

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