How Long Until Old Debts Become Too Old To Pursue?

How Long Until Old Debts Become Too Old To Pursue? There are certain time limits that a creditor has to pursue an old debt before it becomes too old to pursue legal action. This article is for you if you currently have an old outstanding debt and want to know: How long does a creditor […]

What Happens To Debt When Selling A Business?

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Many times when a business gets sold it can be very difficult for creditors to recover any outstanding debts. This is due to a number of reasons, which we will discuss in this article, along with some tips on how you can protect yourself from a bad debt expense. When you learn that a customer […]

Why A Simple $64 Credit Check Could Save You $10,000+

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How well do you know your customers? Does your business offer generous credit and invoicing terms without understanding the potentially severe financial risk involved? Do you know you can dramatically reduce your businesses financial risk for just  $64? In the “Age Of Information” and lighting fast Internet data it’s astonishing that the vast majority of […]

Reducing Unpaid Invoices: How To Identify Customers Who Can’t Pay Their Debts

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Once an invoice becomes overdue the chances of it being paid in full diminish with every passing day. In fact recent studies show that invoices that are between 3-5 months overdue are 70% less likely to be paid than those that are 1-3 months over due. So what does this tell us? It means that […]

Tips To Pay Off Small Business Debt Fast

If you’re not careful small business debt can add up very quickly. As a business owner this can cause sleepless night, stress and eventually the failure of your business. But if this sounds familiar you’re not alone. A recent study by Gallup, a research based global performance management consulting company, found that 49% of small […]

Small Business Debt Collection Myths Busted

Every business large or small that provides credit to customers (delivering products or services then invoicing after) will eventually have a customer who cannot or will not pay. Depending on what industry you’re in, this could happen very regularly. So along with all the other tasks you have to complete now you also have to […]