If you’re a business owner, you’ve probably heard about commercial debt collection. You might be thinking that you don’t have the time or resources to deal with collecting debt from your customers. But what if one day you have to? Knowing how the process works can help make situations a little less confusing. In this
Did you know there are over 6,000 debt collection agencies in the United States? When it comes to business-to-business debt collection, there are a lot of factors to consider before making a decision for your company. Making the wrong decision when it comes to B2B debt collection can be costly for your business. You could
Without medical debt collection agencies, people would be far less inclined to offer loans to people. It is because of the services of debt collection agencies that people know that they can expect to get their money back when they loan to people in need. This is one of the main reasons that the debt collection
If you run a medical facility, you likely have several expenses to pay. Like any other business, you have to keep the lights on and the water running. However, you also have more to do. Medical facilities rely on up-to-date equipment to treat patients, in addition to making life easier for their workers. They also
Did you know that growing healthcare, totaling $140 billion, is the fundamental cause of debt for American families? A substantial chunk of this is due to surprise billing! One-third of insured people report receiving an unexpected additional charge in the past two years. A lot of people are worried about being able to pay for their medical bills. Even more
Did you know that the most common cause of bankruptcy is medical debt rather than poor spending habits? Compared to other countries, the United States spends the most per person on health care. We understand that as a medical healthcare professional, your top responsibility is to provide the best possible care to your patients. If you have
Two-thirds of bankruptcy filings in the United States are the result of high medical bills. If you run a medical practice, collecting medical debt can be a daunting task, especially if there is an existing past due balance. While there’s no single solution to collecting payments on patient bills, we’ll cover some proven tips on
Over 90% of New Year gym memberships go unused after the first three months. While this is frustrating for gyms, it’s worse when they stop paying at the same time. Many businesses don’t understand how gym memberships and the lack of payment are affecting their business. In this article, we work on explaining gym collections
There are so many things to love about owning your own gym. Can anything top the satisfaction you get from seeing people working hard to be their healthiest selves? There’s a lot to enjoy about owning a gym, but there’s one universal downside people can agree on: dealing with past due payments. Debt collection is
In 2019, 60 percent of debt collection revenue came from nonfinancial debts like utilities. Collecting on overdue accounts is critically important for municipalities. Municipal debt can leave your city or county with budgetary problems. You want to recover the money your customers owe you. How can you collect these debts more successfully? Learn more here
