Most businesses do not want a delinquent commercial account on their record, nor do they yearn to file a lawsuit to collect money. It is critical, however, that commercial debt collection be handled efficiently and with speed to ensure that a business does not suffer...
Are you struggling to collect on a business debt? You may be able to find legal recourse under the Uniform Commercial Code (UCC). The UCC is a comprehensive set of laws governing all commercial transactions in the United States, including secured transactions. A...
Parties who are owed commercial (business) debt have several judicial tools that can be used both before bringing a lawsuit and after winning a lawsuit over the debt. A party seeking to collect money owed but not yet paid from a commercial business may choose to...
Commercial debt collection refers to debts that one business owes to another. Often, this is a debt for goods or services that the purchaser never pays to the supplier. Business owners in Los Angeles are often focused on receiving prompt payment to avoid having to...
In commercial collections, you generally deal with three main types of debtors: forgotten, lost, or invoice never received. Businesses generally understand the importance of paying bills on time. For example, there are companies that are legitimately struggling to...
When it comes to commercial collections, there’s one main rule that you should follow: Do it now. Don’t wait to collect on past due accounts. Here’s why. Older Accounts Are Harder to Collect Generally speaking, the longer that an account is past due, the harder it is...
With the business environment’s continuous and improved use of technology to save time and money, you may be wondering whether you should use debt collection software for your commercial collections. While good debt collection software certainly has its place in the...
The business world would be close to perfect if accounts never went past due. Unfortunately, every business that provides goods or services for other businesses will eventually face unpaid accounts. Why should businesses care about commercial collections instead of...
Commercial collections can be a frustrating process. Here are 4 commercial collection tips every business owner needs to know. Doing Your Own Collections? Review the Account First Before you pick up the phone, mail out a letter, or otherwise contact the representative...
Commercial collections is a process that occurs when an account used by a business goes unpaid and the service or goods provider takes certain steps to attempt to collect on the money that is owed to them. Here are 3 commercial collections questions every business...
