Over the years, the number of debt collectors worldwide has rapidly grown. Which is why there are numerous myths and misconceptions that constantly float around debt collectors. Debt Collection Company is a fantastic source to get rid of bad debt. However, many myths and misconceptions regarding debt collection make many…

Most people believe they are familiar with common abbreviations and terminology. But then again, every sector has its own set of jargon and acronyms. And the debt collection sector is no exception. You’re bound to hear some unfamiliar phrases whether you work with your accounts receivable department or a Debt…

It’s no brainer that a good credit score is quite crucial to apply for any loan. A great credit signifies your current financial situation. It can be a make-or-break parameter that helps the panel make their decision. With a bad credit score, it becomes quite difficult to even get the…

Introduction Account Receivables(AR) are popularly known as debtors. Debtors mean, clients or credit customers who haven’t paid their dues to the business organization. Setting up a separate AR department required a hefty investment, time, and effort. And there are many matters in business that require more attention than Account Receivable. …

Introduction A loan is the most significant way to overcome financial needs and emergencies. However, to obtain a loan, one should need to fulfill the eligibility criteria laid by the banks. A good credit score is one of the essential criteria for getting credit from banks or other financial institutions. …

Introduction Business is not just buying, manufacturing, or selling. It is a collective form of many different activities. As an owner, you know that doing a business is not an easy task. There are so many errands to run for the smooth functioning of the business. Collecting the debt is indeed…

You might be puzzled by how creditors want to know your credit rating if your small business seeks a loan. It’s only natural that they’d look into your company’s finances, business model, and company credit rating. …

The majority of people have multiple credit reports. Credit reporting organisations are also known as credit bureaus. They obtain and maintain financial information about you which is acquired from lenders, credit card issuers, and other financial institutions. It is not mandatory for creditors to report to all the collection agencies. …

Debt recovery is the act of persuading people or businesses to pay money they owe to other people or businesses when they fail to repay the debt at the agreed-upon period. When money is not recovered it becomes a bad debt to the company. Bad debt collection refers to the…