Tag Archives: get paid

The most successful collectors help their debtors

With the economy still a mess and many consumers still struggling there are some things bill collectors can do to help debtors pay off any debts without causing to much stress.  I recently heard of a company called A New … Continue reading

Share
Posted in Being a Great Collector, Credit Crisis, Customer Service, Economic Crisis, Heard on the Street..., Helping Debtors, Know your Debtors, Recession | Tagged , , , , , , | 1 Comment

Enforcing your Credit Policy

So you finally have a credit policy written and ready to go! How can you get everyone at your company to follow the policy? This can be harder than writing the policy!  First of all, have a metting and give … Continue reading

Share
Posted in Business Credit, Checking credit, Credit Policy Questions, Education, FAQ's, Helping Debtors, Know your Debtors, Laws, linkedin | Tagged , , , | Leave a comment

Getting a Handle on Credit Management

Who is “In charge” of your business credit? So many people can’t answer this question! Not a good thing! If you can’t answer this question you need to look around and decide who is going to be in charge of … Continue reading

Share
Posted in Being a Great Collector, Business Credit, Checking credit, Collections for Creditors, Credit Policy Questions, Credit reports, Customer Service, Education, Excuses, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Know your Debtors, Online Collection Techniques, Online payment options, Payment Plans | Tagged , , , , | Leave a comment

Collecting from a Closed Business

Michelle, I am currently attempting to collect a past due debt from a company that has just closed its doors. I have a collection agency working with me but they have states that since the company is out of business … Continue reading

Share
Posted in Ask Michelle, Being a Great Collector, Business Credit, Credit Crisis, FAQ's | Tagged , , , , , | Leave a comment

Increase your Cash Flow Today

Some things you can do to keep track of and increase your cash flow as well as improve your accounts receivables might include: Offer discounts Get 50% down Check new customers credit Sell old outdated inventory Issue invoices immediately Follow … Continue reading

Share
Posted in Being a Great Collector, Business Credit, Credit Crisis, Economic Crisis, Recession | Tagged , , , , , | Leave a comment

What is your credit risk?

As you write your policies you need to understand your credit risk.  Credit risk is the risk of loss due to a default on a contract, or the risk of loss due to someone not paying you as agreed.  If … Continue reading

Share
Posted in Ask Michelle, Being a Great Collector, Business Credit, Checking credit, Collection Tools, Collections for Creditors, Collections for Landlords, Credit Policy Questions, Education, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Heard on the Street..., Know your Debtors, Training | Tagged , , , , , , | Leave a comment

Immediately improve your collections

You can immediately improve your collections if you follow these 4 steps right away with the accounts that have the largest past due balances. You called John Smith this morning for the 18th time and left another message.  You found out … Continue reading

Share
Posted in Ask Michelle, Being a Great Collector, Collection Calls, Collection Letters, Collection Tools, FAQ's, The Life of a Bill Collector | Tagged , , , , , , , , | Leave a comment

How are you improving cash flow?

As a business owner you are always thinking of ways to cut costs and increase profit. One of the easiest ways to do this is to improve your cash flow, get it coming in quicker and in full.  How are … Continue reading

Share
Posted in Being a Great Collector, Business Credit, Collections for Creditors, Credit Policy Questions, Customer Service, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Know your Debtors, Training | Tagged , , , , , , , , | Leave a comment

Getting paid offering payment plans and settlement options

Many business owners are now becoming much more open to the idea of offering a discount or a settlement amount to get paid, as well as setting up payment arrangements that allow the customer to pay off a past due … Continue reading

Share
Posted in Ask Michelle, Being a Great Collector, Business Credit, Collections for Creditors, Education, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Helping Debtors, Know your Debtors, Payment Plans, The Life of a Bill Collector, Training | Tagged , , , , , , , , , , , , , , | Leave a comment

3 things your sales people should be doing that will help you get paid

Anyone who has worked in credit and debt collections for any time knows about the troubled relationship between sales and the credit department.  When sales people get paid a commission, they want to make the biggest sale, when they get … Continue reading

Share
Posted in Ask Michelle, Business Credit, Checking credit, Collections for Creditors, Customer Service, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Helping Debtors, Know your Debtors | Tagged , , , , , , , , | Leave a comment