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How to Send an Overdue Bill to Collections

Vienna
29 Apr, 2023
Bad Debt, Collection Letters, Contingency Collections
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I was recently surprised by the question, “How do I send an overdue bill to collections?” I’d forgotten that not everyone knows what to do or how to send a past due balance or a bad debt to a collection agency. So, first I’ll tell you how to do it – and then I’ll tell

6 Tips for Successful Debt Collection During the Pandemic

While most states are now reopening and have eased restrictions, the financial repercussions of the pandemic are unfolding gradually. Back in early 2020, the growing cases of COVID meant that a lot of businesses had to quickly adapt to new changes. Some also had to navigate major operational challenges, while others had to shut down

10 Reasons to Use Professional Debt Collectors

When To Use a Debt Collection Agency

Vienna
14 Jan, 2021
Bad Debt
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When Should You Consider a Debt Collection Agency? Most business owners will reluctantly consider professional debt collection at some point in their careers. Slow-pay and no-pay customers are a fact of life that most small business owners can’t avoid. In my professional opinion, the average small business owner waits far too long to seek help,

Debt Collection From a Defunct Business

Your Customer is Out of Business – Now What? Then So, your customer went out of business owing you a pile of money, and you’re wondering what to do next. If you’re reading this, I imagine you’re hoping for some kind of collection agency magic trick to get your money back, and there are a

Bad Debt Prevention Learn How

Vienna
1 Apr, 2020
Accounts Receivable Management, Bad Debt, Collection Prevention, Vienna's Views
bad debt, bad debt collections
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Bad Debt Prevention Learn How Bad Debt Prevention Part 1 Bad Debt Prevention Read this 8 part series to discover the most common and preventable errors your accounts receivable department makes that can lead to bad debt losses. I believe, after nearly 30 years of making collection calls in over 40 industries, that many, if

7 Ways to Guarantee Collections FAILURE!

Vienna
4 Apr, 2015
Bad Debt, Collection Prevention, Default, Vienna's Views
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Accounts Receivable and Debt Collection Failures Most small business owners know they have to do something to collect receivables in a timely manner. Even if you don’t know the statistics, personal experience has surely taught you that not everyone pays on time, and those late payments cost you money. Does this scenario sound familiar? Business

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