Peter Stern

Transportation Debt Collection

Transportation is a part of business. How do you get your product to the right place at the right time? There are many options to use for transportation and not all are equal. A big problem that many shippers run into is not being paid on time. Shippers m... Read >

Collection Agencies Lose Money

When a collection agency takes on a new claim they are immediately in the red, meaning they lose money. It costs money to research a claim and to be successful you must do your due diligence and learn as much as you can about the debtor. It is a gamble on... Read >

Debt Collection - Decision Day

Today we will talk about the importance of having a D-Day or decision day in regards to debt collection. This is the day that you move forward in the collection process and start actively collecting the debt. If you do not have a deadline for collecting... Read >

How to Collect a Debt

Sometimes it makes sense to try to collect a debt yourself, before hiring a collection agency. You may want to try this if the amount is low or if you have been doing business with this customer for a while. First-party collection agencies have more aut... Read >

How to Prevent Debt Collection

So here is the situation, you extended credit to a new customer for a large amount. You were excited to have the business, as any business would be, but you did not perform the due diligence. Everything seemed to line up, they had a website and looked lik... Read >

Debt Collection - Why Aggression Does Not Work!

Most collectors think that being aggressive is the key to successful debt collection. This is not true. In fact, the more aggressive you are, the less likely you are to collect the claim. There is a stigma in the community that collectors are aggressi... Read >

Why You Should Consider Using a Commercial Debt Collection Agency

Many businesses struggle to collect payments from customers who are delinquent. A commercial debt collection agency can help, and sometimes be the difference in a company making profit, or even staying in business. A commercial debt collection agency c... Read >

Choosing a Transportation Collection Agency

If you are in the transportation industry, then you undoubtedly have outstanding accounts. How do you choose the right collection agency for your transportation specific industry? Do you feel comfortable going with a traditional debt collection business... Read >

Forensic Corporate Collections

Forensic corporate collections is a new debt collection technique. It utilizes new technology to make searching for and reclaiming debts easier. With the last 15 years, there have been many technological changes and these have helped create a new way of c... Read >

The Benefits of Debt

Debt is something that is owed and is usually owed against assets, or things of monetary value. Some may think that debt is a bad thing and may be right with the recent financial turmoil. For all of the hindrances of debt, there are actually a couple of... Read >

An Introduction to Debt Collection

Debt Collection Strategies It is not easy to get struggling businesses to pay you, albeit you are rightfully owed this money. Do you think you are the only account wanting to get paid? Hardly, they most likely have dozens of businesses trying to get mo... Read >

Debt Collection Letters

Debt collection letters can be very productive if they are created properly. The only problem is, that many people do not know how to write a proper collection letter and in turn do more damage than good. A good collection letter can be like a silver bull... Read >

Small Business Debt Collection

Debt collection is important for all businesses, but it is much more important for small businesses. A large business or corporation can better weather the ups and downs of economic cycles, because they have more financing options. A small business on t... Read >

Commercial Debt Collection Pitfalls

Commercial debt collection is a process, like all businesses, if this process is not perfected then the business has a greater chance of failing. We will look at some of the most common pitfalls in regards to collecting business debts, which are all easi... Read >

The Impact of Bad Debt on a Company

Bad debt can seriously impact a company if it is not handled properly. Take a look at Bear Stearns or Lehman Brothers. Both of these companies ended tragically when they had to write off their bad debt. Bad debt can ruin your financial books and even your... Read >