The world of credit and collections is a complex one, filled with numerous laws, policies, and best practices designed to protect both businesses and consumers. At the heart of this industry is the National Association of Credit Management (NACM), a not-for-profit...
When running a business, one of the most challenging aspects you may face is unpaid debts. These overdue accounts can cripple your cash flow and hamper growth, posing a significant risk to your company’s financial health. This is where commercial collection...
Bankruptcy is a legal process that allows businesses to discharge or restructure their debts. For those struggling with unmanageable debt, bankruptcy can offer a fresh start and relief from the burden of overwhelming financial obligations. However, bankruptcy can also...
Debt collection can be tricky, as it involves recovering money owed to you while staying within the bounds of the law. Failing to comply with legal regulations can result in hefty fines and legal action, harming your business. In this blog post, we’ll look at...
There are a few key indicators of when you should place an account for collections. Commercial collection agencies can help to get your money back, but it is important to understand when and why to place an account with them. Here are some examples: The account is 90...
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