COLLECTIONS AND HOW TO ACHIEVE RESULTS Are you tired of chasing after unpaid debts from clients? Commercial debt collections may be the solution you need to get your money back. Discover four principles that will help you create an effective debt collection strategy for your business. Those four principles can be summarized as follows: Control Acknowledge and proceed Empathize and Verify Get to a Result Control: Control is the finesse of a collection call. By ...
As a business owner, it's essential to know the difference between commercial and consumer debt. While consumer debt is highly regulated by the Fair Debt Collection Practices Act (FDCPA), commercial debt, also known as business-to-business (B2B) debt, is regulated by the Federal Trade Commission (FTC) but not as highly regulated as consumer debt. In this article, we'll focus on commercial debt collection and provide insights and tips on how to manage your accounts ...
