How often should you chase invoice payments?
Did you know that tracking down invoice payments is a strategic move that may make or break a business? Consider this: simply following up on outstanding invoices is like injecting rocket fuel into your company’s financial engine. In the business world, where every move matters, pursuing those delayed payments isn’t just about balancing the books—it’s […]
Can’t pay your bills & debts? What help can you get?
Managing Outstanding Bills amid daily living might feel like traversing a convoluted maze. Many of us face the issue of paying bills, whether it’s the monthly rent, electricity, or unforeseen expenses. The financial juggling act can be daunting, but fear not! In this exploration, we’ll unravel the intricacies of bill payment difficulties and discover practical […]
7 Reasons to Hire a Debt Collection Agency
Are you having trouble recovering overdue payments from your clients? When it comes to dealing with unpaid invoices, it can be a frustrating and time-consuming process. It may divert your attention from your core business activities. A debt collection agency will be able to assist you in recovering your overdue payments in a quick and […]
What are the Ethical principles of Debt Collection?
Some individuals employ half of their cleverness to incur debt and the other half to evade paying it. Delinquent debtors are contacted by debt collectors via letters and phone calls with the intention of persuading them to clear their debt. Debt collectors use computer software to conduct additional research when they are unable to contact […]
What is the Impact of Days Past Due (DPD) on your Credit Report?
What is DPD (Days Past Due)? How much significance does Days Past Due (DPD) hold in Banking? What are the different values of Days Past Due? What is the actual impact of Days Past Due (DPD) on your Credit Report? How to minimize the impact of Days Past Due (DPD) on your Credit Report – […]
Effective Ways to Manage Cash Flow
What is Cash Flow? How to analyse Cash Flow properly When it comes to Business, there are two basic types of Cash Flow What are Cash Flow Problems? How to Fix Cash Flow Problems in a Business? What is Cash Flow? When there is real or virtual movement of money, it is known as Cash […]
Ways To Collect Money on Unpaid Invoices
What are the main reasons that affect a business’s cashflow? There can be several reasons for this. However, the main reason may be the difficulties encountered in collecting unpaid invoices from clients.Not all clients are reliable and on time. There are clients who forget to pay or delay paying their invoices. Therefore, you must chase […]
How to Collect Money from Clients Who Won’t Pay in India
Non-payment is the biggest issue that every business has to face at a certain point. People will happily take advantage of all the perks you offer, but when it comes to payment, they tend to ignore it or refuse to do so. It becomes frustrating for owners to take on the burden. They’ll have the […]
What is a Debt Collection Agency and What Do They Do?
Delayed payments can hinder your business cashflow. Recovery of invoices or debts can be much more difficult if insufficient knowledge or inadequate tools are used to collect invoices. A debt collection agency in India consists of a team of experienced and knowledgeable agents who specialize in debt collection services. In a country like India, there […]