Monthly Archives: January 2009

What Businesses must Provide Regarding Identity Theft

The Fair Credit Reporting Act tells victims of identity theft what their rights are as well as informing businesses what their responsibilities are.  Many business owners are not aware that identity theft victims are entitled to ask a business for … Continue reading

Share
Posted in Compliance, Identity Theft, Red Flag Rules | Leave a comment

Is your business suffering because of the Economy?

To be successful, every business needs a written business plan, marketing plan and credit plan. Without even one of these plans, your business is losing money. Even when the economy is booming, you want to save time and money.One of … Continue reading

Share
Posted in Books, Credit Crisis, Economic Crisis, Marketing, Recession, Starting a Collection Agency | Leave a comment

What is "Extending Credit"?

Offering your customers the option of paying for products or services later instead of up front is extending credit. Extending credit can be a gamble. You need to be sure a customer is a good credit risk BEFORE extending credit. … Continue reading

Share
Posted in Checking credit, Collections for Creditors, Credit Policy Questions, FAQ's | Leave a comment

Writing your Credit Policy

Friday I did a radio interview and one of the questions was how do I write my own credit policy? Your credit policy is your “credit plan” much like your business or marketing plan, and it can be broken down … Continue reading

Share
Posted in Checking credit, Collections for Creditors, Credit Policy Questions | Leave a comment

Small Business Money Headaches

According to the 2008 Intuit Inc. survey of 751 businesses with fewer than 10 employees many small business owners are suffering due to the poor economy. Small businesses average $1,500 in overdue payments form their customers each month. 42% of … Continue reading

Share
Posted in Business Credit, Collections for Creditors, Credit Crisis, Credit Crunch, Economic Crisis, Heard on the Street..., Recession | Leave a comment

To Help Collect the Bills, Firms Try the Soft Touch

The front page of yesterdays’ Wall Street Journal in the Marketplace section has a great article about how businesses are trying to collect from past due customers by being nice but firm. I wanted to point out this article because … Continue reading

Share
Posted in Being a Great Collector, Collections for Creditors, Credit Crisis, Credit Crunch, Debt Collection in the News, Heard on the Street... | Leave a comment

Getting Paid – Options available for Getting Payment

Dear Michelle, I did some remodeling work for a residential homeowner and I gave the customer a bill but didn’t get a signature from the customer. I received half of the amount due on the bill and haven’t been able … Continue reading

Share
Posted in Ask Michelle, Collection Letters, Collection Tools, Getting Paid - Michelle Dunn - Business Finance Columni | Leave a comment

Providing the Collection Industry with a powerful Tool for Bank & Wage Garnishments!

Columbia Financial International, publisher of the Columbia Law List and a leader in the Collection and Legal Industries since 1905, is excited to announce a new partnership with Vector, a business intelligence firm specializing in asset recovery solutions for non-performing … Continue reading

Share
Posted in Collection Tools, Debt Collection in the News, Heard on the Street... | Leave a comment

Digging out of Debt!

We are not only tunneling ourselves out of a blanket of snow this time of year, but we are also trying to dig our way out of debt. With the excessive spending that occurred in December, it is now time … Continue reading

Share
Posted in Being a Great Collector, Credit Crunch, Guest Blogger!, Member Spotlight | Leave a comment

January Member of the Month – Krista Walsh!

Our first Member of the Month is a woman who has been a member of my Credit & Collection Association since January 4, 2005 and founded KC Collect! on July 20, 2005, she is the first woman to open, own … Continue reading

Share
Posted in About Credit & Collections Association, Member Spotlight | Leave a comment