Tag Archives: Recession

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

How Forecasting can help your bottom line

One thing you can do is make sure that forecasting is something you do for your business or ask your accountant to help you with this.  Look for growth in real wages, which drives consumer spending, and which accounts for … Continue reading

Share
Posted in Bankruptcy, Being a Great Collector, Business Credit, Credit Crisis, Credit Policy Questions, Economic Crisis, Education, Excuses, FAQ's, Foreclosure, Getting Paid - Michelle Dunn - Business Finance Columni, Heard on the Street..., Recession, The Life of a Bill Collector, Training | Tagged , , , , , , , | Leave a comment

Collecting money in a bad economy

BusinessWeek knows it is harder now, particularly for small companies with limited resources to collect from their past due customers during this troubled economy. They interviewed me for a story on this topic a while ago and that article was so popular they … Continue reading

Share
Posted in Being a Great Collector, Collection Calls, Collection Letters, Collection Tools, Collections for Creditors, Collections for Landlords, Credit Crisis, Credit Crunch, Credit Policy Questions, Customer Service, Debt Collection in the News, FAQ's | Tagged , , , , , , , | Leave a comment

Call every Past Due Customer and ask for Payment in Full

As you make more collection calls you will learn that the best strategy in getting paid as much as possible as soon as possible begins with you.  When you call a past due customer always ask for payment in full … Continue reading

Share
Posted in Ask Michelle, Being a Great Collector, Business Credit, Collection Calls, Collection Letters, Collections for Creditors, Collections for Landlords, Credit Policy Questions, Customer Service, Economic Crisis, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Helping Debtors, Know your Debtors, Payment Plans, Recession, Telephone Collection Tactics | Tagged , , , , , | Leave a comment

Strengthening your Cash Flow in a Struggling Economy

Businesses on Main Street are scrambling to pull together their credit policies and make them stronger.  Even though Wall Street claims the recession ended last year, (last year!) that is not the reality here in our community or in the … Continue reading

Share
Posted in Business Credit, Credit Crisis, Economic Crisis, Recession | Tagged , , , , | 1 Comment

How Collectors can Help Debtors in these Tough Times

In a blog post called Rich get Richer…Poor get Poorer, Jerry Ashton shares an excerpt from Germany’s respected Der Spiegel magazine that just published an article called “The Erosion of America’s Middle Class – On the Way Down.” Not only … Continue reading

Share
Posted in Compliance, Credit Crisis, Debt Collection in the News, Economic Crisis, Fair Debt Collection Practices Act, Getting Paid - Michelle Dunn - Business Finance Columni, Helping Debtors, Honesty & Integrity, Recession | Tagged , , , | 2 Comments

3 Tips to prepare you for the end of the Recession

My Top 3 tips to make sure you are prepared as the Credit Crisis comes to an end: Look into e-invoicing or emailing your invoices and statements to customers that are open to receiving them this way.  An alternative is … Continue reading

Share
Posted in Being a Great Collector, Credit Crisis, Economic Crisis, Getting Paid - Michelle Dunn - Business Finance Columni, Recession | Tagged , , , , , | Leave a comment

Being in debt during the Recession…how does this all work anyway?

Dear Michelle, I am behind on some bills.  I am in commercial real estate and my business is taking a beating.  I have had no income at all for the last 10 months and have been living off the money … Continue reading

Share
Posted in Ask Michelle, FAQ's | Tagged , , | Leave a comment

Getting paid in the new year

How do you plan to make more sales and get paid from customers who are continuing to struggle in 2010? “People tend to resist that which is forced upon them.  People tend to support that which they help to create” … Continue reading

Share
Posted in Customer Service, Economic Crisis, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Helping Debtors, Recession | Tagged , , , , , | Leave a comment