Continue reading “Transportation Companies – Collection Problems They Face”
Continue reading “Transportation Companies – Collection Problems They Face”
Understanding these values can help you make smarter choices when it comes to lending, buying, or selling with another company. But when you go to collections, knowing the value of a company that owes you is even more important.
So what do you look for when assessing a potential business partner, customer, or investment?
Continue reading “On-Site Investigations and Debt Collection”
The most common question, however, is a very general “what do I do now?” Businesses are worried about accounts going unpaid, employees furloughed or laid off, how can we seek out payment now and should we?
Commercial collections, also called B2B debt collection, refers to the collection of delinquent accounts from businesses. Unlike consumer debt collection, in which businesses attempt to collect money from individuals for debts, commercial debt collection is limited to debts owed by companies to other companies. Commercial debt collections firms specialize in helping businesses to collect money owed to them by other businesses in order to reduce bad debt and improve revenue.
When a business is struggling to get paid from individuals, the company can hire a debt collection firm to pursue and collect on those past due bills. But what happens when a business owes money to another business?
Commercial collections is the process of collecting past due debts from businesses rather than from individuals. When a business has an overdue account with another business, a B2B debt collection company can provide assistance in getting the debt paid so that it doesn’t have to be written off.
Commercial collections, also known as business-to-business or B2B debt collection, is the process of collecting past due debts from businesses. Commercial debt collection is restricted to debts owed by companies, rather than debts owed by individuals.