http://blog.jmandw.com News and Commentary From the World of Commercial Debt Collections Thu, 02 Sep 2010 16:56:44 +0000 http://backend.userland.com/rss092 en Businesses channel the creative, entrepreneurial spirit of energetic people into vital products and services, while creating valuable jobs for every nation. During challenging times, it is important for these business owners to understand all facets of credit. These are the five "C's" of credit that will determine whether a business receives ... http://blog.jmandw.com/educational/credit A collection agency can become an important partner for any business in helping to recoup debts owed the business from past due clients when all other attempts and options have proved futile. Because the collection agency your business hires is in effect representing you, there are several smart questions to ... http://blog.jmandw.com/educational/smart-questions-collection-agency The Fair Debt Collection Practices Act (FDCPA), a federal law enforced by the Federal Trade Commission (FTC), eliminates “abusive and deceptive” collection practices that debt collectors can use when calling and tracking down debtors, including the following: Hours For Calling Collectors can only call consumers between the hours of 8:00 am and ... http://blog.jmandw.com/educational/practices-limits-debt-collectors Many people and businesses have jump on the social media bandwagon to find old friends and to increase exposure on their work and services. Even debt collection agencies are beginning to use social sites such as Facebook and Myspace, but not to find friends, but debtors instead. In the real ... http://blog.jmandw.com/educational/friend-request-debt-collectors There are quite a few ways to go about collecting debts and some of them are more effective than others. Debt collection, like many other businesses, is changing. The online revolution and the computer age have changed the way debt collecting is done, and there are great agencies who use ... http://blog.jmandw.com/educational/benefits-forensic-corporate-collections A debt collection agency provides a service that is very useful to several businesses. Since most businesses today will give loyal customers some form of credit, it is vital to the business integrity that the customers pay the dues they owe. Sometimes, customers will simply stop paying their ... http://blog.jmandw.com/educational/benefits-commercial-debt-collection-agency The impact of bad debt on sales and profit for your business can be a serious one. Bad debt can put a stranglehold around a business that will eventually lead to bankruptcy and a destroyed professional reputation. Debt collection is embarrassing, both financially and personally for a business owner. Whether the ... http://blog.jmandw.com/educational/impact-bad-debt-sales-profit A commercial collections agency is a highly specialized debt collection agency which recovers money that corporations or commercial debtors owe. In these lean financial times, debt collection is of utmost importance. Recovering money from the debtor, while still maintaining good relationships between the client and the debtor, is an important ... http://blog.jmandw.com/educational/commercial-collections-agency This year our headlines rife with bad news concerning our economy, the issue of coommercial debt collections will probably become a popular topic among business owners. Corporate, or commercial, debt collection agencies utilize methods enhanced by an exceptionally wide scope of technological advances that they combine with traditional detective work ... http://blog.jmandw.com/educational/corporate-debt-collections-work Not all small businesses succeed, and not all companies take out loans with the best intentions. Even companies who choose to lend their money wisely may find themselves involved in commercial collections. While companies who constantly loan money to other companies tend to employ lawyers who are familiar with the ... http://blog.jmandw.com/educational/commercial-collectors-businesses-recover-debt