The Impact of Economic Trends on Debt Collection

The Impact of Economic Trends on Debt Collection

In a recent survey, nearly 60% of small business owners cited economic conditions as one of the biggest challenges facing their debt collection efforts. This statistic underscores the significant impact that economic trends can have on the ability of businesses and...
Unpaid Bills? Recover Funds via Wage Garnishment

Unpaid Bills? Recover Funds via Wage Garnishment

As a creditor, one of the most challenging situations you can face is attempting to collect unpaid debts. According to a recent study, wage garnishment is one of the most effective tools for debt recovery, with over $1 billion in wages garnished annually in the United...
Debt Recovery Potential: The Power of Demand Letters

Debt Recovery Potential: The Power of Demand Letters

Billions in consumer and business debt goes unpaid every year. For creditors trying to retrieve those owed funds, well-crafted demand letters can be a good strategy. This article outlines strategies for effective debt collection letters. Why Send Demand Letters?...
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