Tag Archives: credit report

Top 3 Signs a potential customer is a Credit Risk

How can you tell if a customer might be a credit risk?  There are signs you can look for. If they shy away from filling out any paperwork, be cautious.  If someone has good credit and nothing to hide they … Continue reading

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Posted in Being a Great Collector, Business Credit, Checking credit, Credit Crisis, Credit Crunch, Credit Policy Questions, Credit reports, Customer Service, Economic Crisis, Excuses, FAQ's | Tagged , , , , , , | Leave a comment

The Credit Policy Mission Statement

Now that you have a clear picture of what you want this credit policy to do for you, take a look at your business mission statement.  You want to write a short concise mission statement for your credit procedures.  Every … Continue reading

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Starting a Collection Agency, what you need to know

Why do you want to start a collection agency? Are you a bill collector? Think about the reasons why you want to start a collection agency for a minute.  I never planned to be a bill collector; I fell into … Continue reading

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Posted in Ask Michelle, collection agencies, Fair Debt Collection Practices Act, Marketing, Networking, Starting a Collection Agency, The Life of a Bill Collector, Working at a Collection Agency, Working from Home | Tagged , , , , | 1 Comment

Be careful choosing a Collection Agency in 2013

Businesses everywhere are still worried about their business cash flow, their customers and getting paid as the economy continues to suffer. Many need some guidance on how to deal with credit terms, credit risk and basic collection skills.   Award winning … Continue reading

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Posted in Ask Michelle, Books, Business Credit, Choosing a Collection Agency, collection agencies, Collections for Creditors, Collections for Landlords, Dealing with debt collectors, Education, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni | Tagged , , , , , , , , | Leave a comment

Medical Debt: Adding Insult to Injury

Consumers Digest recently published an article that they interviewed quite a few experts for (I was one of them) and I wanted to share the article but also point out a couple of things I found in the article. The … Continue reading

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Posted in collection agencies, Dealing with debt collectors, Debt Collection in the News, Fair Debt Collection Practices Act, FAQ's, Laws, Medical Collections, Paying Collectors, Payment Plans | Tagged , , , , , , , | Leave a comment

Seven Deadly Money Sins – Part 7

Pride:  When you are proud of yourself and what you do as well as your accomplishments, you don’t feel the need to prove anything to anyone by buying things you can’t afford – just to show off. For the collector: … Continue reading

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Posted in Being a Great Collector, Collection Tools, Collections for Creditors, Collections for Landlords, Credit Crisis, Customer Service, Economic Crisis, Know your Debtors, Recession, Telephone Collection Tactics, The Life of a Bill Collector, Training | Tagged , , , , , | Leave a comment

Seven Deadly Money Sins – Part 6

Envy:  Never buy anything on credit to compete with someone else. For the collector: People who borrow money to buy something and then quit their job or lose their job are a common type of debtor when you are a … Continue reading

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Posted in Being a Great Collector, Credit Crisis, Economic Crisis, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Helping Debtors, Know your Debtors, Payment Plans, Recession, The Life of a Bill Collector | Tagged , , , , , , , | Leave a comment

Seven Deadly Money Sins – Part 4

Sloth:  If you find yourself in debt don’t avoid the bill collector – which is the #1 mistake debtors make – causing themselves more problems, stress and money. For the collector:  If you have a debtor that agrees with you … Continue reading

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Posted in Being a Great Collector, Helping Debtors, Know your Debtors, Recession | Tagged , , , , , | Leave a comment

Seven Deadly Money Sins – Part 3

Greed:  Competing with the neighbors or co-workers by using credit to buy things you can’t afford AND don’t need. For the collector:  A debtor who brags on Facebook or to you when you call that they don’t have any problems … Continue reading

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Posted in Being a Great Collector, Helping Debtors, Know your Debtors, Recession | Tagged , , , , , | Leave a comment