Old debt can come out of nowhere. You may even forget someone owes you money until you revisit your books. Before you make plans to collect on your debt, it’s best to find out how long debt is valid, how long your company can try and collect a debt, and your state laws regarding the […]
Many businesses have an accounts receivable policy that details when and how much should be billed and when the amount should be collected. Though an essential policy, not every company executes this policy effectively. If your business has monthly revenue tied up due to overdue invoices, you may be facing some common issues related to […]
In recent years, the Federal Trade Commission has been clamping down on illegal collections. Consumers reported losing almost $8.8 billion to fraud in 2022, and impostor scams ranked at the top of that list. Though no one wants to become part of this statistic, it can be challenging to tell genuine debt collectors from fake ones […]
Debt collection can be a time-consuming and often frustrating process, leaving you and your team exhausted. While it’s common for companies to struggle with collecting debts, this doesn’t have to be the norm. With a collection agency, you can hand that responsibility over to someone else. Third-party collection firms handle the burden of collecting payments […]
Healthy cash flow is your company’s backbone. While getting paid in full, upfront, or early is ideal, it’s not always the case. Many factors can prevent a customer from making payments, including economic fluctuations or issues within their own company. Recovering outstanding payments from customers can be disruptive and impact your company’s short- and long-term […]
Customer disputes over invoices occur when customers claim they are not responsible for paying an invoice. Accounts receivable disputes can have a negative effect on your business’s cash flow and affect your financial health, which is why establishing collections processes is essential for your company’s accounts receivable. By doing so, you can ensure a healthy […]
Your cash flow is your company’s backbone. Unfortunately, late payments and overdue invoices can be disruptive, which is why debt collection services are essential. As a debt collection agency, we understand accounts receivable management and what to do when you aren’t receiving the payments you deserve. Below, we cover everything you need to know about accounts […]
When debt collectors reach out to you regarding an unpaid debt, it can feel overwhelming and stressful. One company from which you may receive debt collection calls is Altus GTS, Inc. If you are receiving phone calls from Altus, you may have several questions, such as who exactly is calling you, whether the company is […]
For almost every business, collection efforts are necessary at some point to recover outstanding debts. In times of economic downturn, your customers may be struggling to pay their debts. Making debt collection calls is often the last task that staff members want to tackle, especially when other important business matters are at hand. Collection calls can […]
The future of accounts receivables is evolving just as fast as the rest of the world and keeping up with the times can be a challenge when you already have a business to run. Still, if you work in AR, your cash flow and customer base depend on how you adjust along with the industry […]
