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...
Many businesses begin the commercial collections process in-house. While this can be a cost-effective way to recover past due accounts, there are some accounts that are harder to collect on. When should you outsource your commercial collections? Here are a few things...
For many businesses with past due accounts, the commercial collections process often starts with making phone calls. Usually, businesses will begin by making the collections calls on their own. This process, known as first-party collections, can be difficult for...
While most parties and their attorneys are usually confident they have sued the right party, and can enforce the judgment from that party, sometimes it can be difficult to determine which corporate entity is the correct defendant. Many companies are structured with...
