Posts Tagged ‘Debts’
April 8, 2015 | 
Author C2C Resources Releases Guide to Collecting Past Due Debts
Atlanta, GA (PRWEB) April 02, 2015
As a leading debt collection agency, C2C Resources has dealt with problem customers for clients across North America. Through their many years of experience, C2C has learned how to deal with many types of customers, excuses, and tactics used to avoid paying debts.
C2C Resources has compiled a step by step guide for those attempting to collect on past due debts, below.
1. Timing: If an account is more than 60 days overdue, a company will have about an 85% chance of collecting. However, after 90 days that number drops to 70%, and after 6 months the chances for recovery drop to about 57%. These numbers simply show that the problem only gets worse if avoided. As soon as a customer is late on their invoice, attempts must be made immediately to collect.
2. Communication: There are many reasons why a customer may not be paying you on time. An initial phone call to find out why they have not paid may reveal they simply forgot. Or perhaps they are short on cash at the moment and need to pay debts according to importance or amount. If that is the case, offer to set up a payment plan – this simple method will often remedy late payments, while also strengthening the customer relationship.
3. Visit: In the past, creditors have sent letters to those who were past due on debts. Perhaps those letters were successful back then, but a more personal touch is most effective these days. If the customer is local, stop by their business unannounced to speak with their accounts payable director and offer to wait until they are free to speak.
4. Settling: If communication and in-person visits don’t work, try to settle on a percentage of the total invoice. Getting 80% of an invoice that will cover expenses is better than no payment at all. If the debtor’s situation is worse than expected, get whatever they can give – anything is better than $ 0.
5. Demand: If attempting to personally collect on a debt does not work, sending out a demand letter can motivate customers to pay. Send a letter stating that if the customer does not pay the invoice by specific date, lawyers and/or collection agencies will have to get involved. This may motivate the customer to finally pay due to fear of more costs incurred from other parties, etc.
6. Outsource: If the customer still refuses to pay, call in the experts. Collection agencies can take the stress, time, and hassle of collecting debts away from hectic business owners who have more important things to do, like running a business. As a last resort, creditors can even take the matter to the courts. Taking these problems to court can get expensive, but if all else fails and the invoice is worth it, the courts can provide much needed legal clout and enforcement.
For more information on collecting past due debts, please visit the C2C Resources blog here
About C2C Resources
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 25,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection. For more information, please visit http://www.c2cresources.com.
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Debt Consolidation USA Differentiates Good Debts From Bad Debts
New York, NY (PRWEB) October 29, 2014
Debt Consolidation USA recently shared in an article published october 28, 2014 how consumers need to be able to tell the difference between good debts and bad debts. The article titled “The Truth About Paying Good And Bad Debts” gives consumers some pointers to help them separate that two types of debt.
The article starts off by explaining how debt is a complex idea in the sense that not all of them are bad but it does not also mean that not all of them are good. The challenge lies in consumers being able to discern one from the other. Mixing the two and being aggressive in repayment with the good ones and putting off the bad ones
The article shares that one of the ways to understand if the debt is a good one or a bad one is to answer the question which debts help increase your personal net worth? This is one of the easiest ways to determine if the debt you are looking at can help you or if it is something you need to pay down more aggressively.
Knowing how to approach the repayment of the debt is important in dealing with the budget. Pulling back or being aggressive depends on they type of debt. Credit card debt does not contribute to your net worth and should be paid down more aggressively than others. The same goes with payday loans and it is best to pay them down ahead of other debts.
Another thing you need to monitor is if the debt holds back your financial growth. Student loans is one example to look at. As much as there are some borrowers who are having a tough time with repayment, student loans does give students an advantage to command a higher salary when they start working.
To read the rest of the article, click on this link: http://www.debtconsolidationusa.com/creditcarddebt/truth-paying-good-bad-debts.html
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Rick Otton Reveals The Secret On How To Buy Houses For Sale Without Acquiring Large Debts
(PRWEB) September 10, 2014
The Council of Mortgage Lenders revealed that there has been a 17 per cent increase for new mortgages issued to first-home buyers this year compared to last year’s figures. However, records also prove that many of them are borrowing more in order to supplement their income, First Rung Now published on 3 September 2014.
In light of this alarming news, Rick Otton, a respected property coach, discusses how first-home buyers could purchase houses for sale without acquiring more debt.
“CML said that 12,300 new mortgages were awarded to first-home buyers in London only, but the total value of mortgages released to first-home buyers in the second half of 2014 reached £3 billion. However, the increase in new mortgage approvals is also accompanied by a rise in the total amount borrowed by buyers. First-home buyers now borrow 3.9 per cent higher than their gross income. The average amount of mortgage taken out is £212,000 slightly higher than last quarter’s average of £200,000,” he shared.
“Taking on large debts is risky. The higher the debt, the more vulnerable an investor becomes to changing market conditions. It’s advisable for buyers in the UK to start finding other ways into the market without accumulating too much debt and putting the financial future of their family at risk,” according to Mr. Otton.
Mr. Otton then shared in a recent interview for RickOtton.co.uk that an alternative way into the UK real estate market is through buying houses with the help of seller finance strategies.
“Seller financing is helping people around the UK buy their dream homes or investment property without paying large deposits or applying for new home loans. This way, families won’t be caught in a debt trap of expensive mortgages once market conditions change. For example, rather than apply for a home loan, the buyer can negotiate to assume the existing loan and pay the rest of the equity in portions. This allows the buyer to move in quickly, without all the hassles associated with taking out a new loan. Moreover, it allows the seller to move away from unwanted debt immediately while creating a passive income stream,” he discussed.
Visit http://www.rickotton.co.uk/ today to get more information about creative seller finance strategies and how these strategies can be applied in changing market conditions.
About Rick Otton
Rick Otton is a property investment professional who, over the last 23 years, has introduced innovative real estate strategies to the UK, Australian and the United States. His creative ‘low-risk, high-reward’ approach to buying and selling houses is exemplified in his own business, We Buy Houses.
This year marks the 10-year anniversary of Mr Otton introducing his strategies to the UK, and the 5-year anniversary of his innovative ‘Buy A House For A Pound’ process – one that attempted to be emulated by others. His constant process of strategy refinement, and adapting to the ever-changing real estate market, continues to place him at the forefront of property investment education.
In 2012 Rick Otton published his Australian book ‘How To Buy A House For A Dollar’ which was named in the list of Top 10 Most Popular Finance Titles for 2013. A UK version is on the drawing board for publication in 2014.
Mr Otton freely shares insights into his non-bank-loan strategies that have allowed everyday UK men and women to beat the rental cycle and have their own homes. He coaches others on how to build profitable businesses by facilitating transactions that focus on the needs of potential buyers and motivated sellers.
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
More Debt Press Releases
Article by Peter J. Wilson
Debt management helps in managing debt. It is the most sensible way to live without debt. None of us ever plan to get into debt, but the only way to avoid it is to learn proper debt management skills.
Start by making an expense list. You then have the option of sticking to that budget, getting credit counseling from a good firm, getting debt consolidation, or declaring bankruptcy. The amount of your debt, your level of self-discipline, and your potential income can help you decide what is best.
The first step is to contact your creditors, explain your circumstances and try to arrange a repayment arrangement that is acceptable to both of you. However, the problems start when your debt goes to a debt collector. They collect, do not like negotiating, and any dealings with them can prove to be very nasty. You are better dealing with your creditors immediately as some will be glad to lower your payments or even stop them for a short while. Others your loan’s time period and lower your monthly repayments.
If you prefer to get advice about negotiating with creditors then you need to find a reputable credit-counseling firm. They can work out a consolidation plan that takes into consideration your personal situation that reduces your monthly payments. Also they can negotiate with your creditors to get a more reasonable payment plan and lower your interest. However, you will have to pay a fee for these services.
The other option is to consolidate your debts into one big loan. However, this way relies heavily on your ability to work within a tight budget and the amount of self-discipline you possess. This is the cheapest form of debt management in a sense.
Debt management through reputable companies can be free-ish. They can help with debt management skills that eventually will help you eliminate your debts. However, each company has different methods and it is your choice as to which works best for you.
The term ‘free’ gives with debt management firms means that every penny you put towards your debts goes toward your debts and not any administrative, deposit or set-up charges. All the advice and services you need can be done via phone, email or mail. Of course there are varied options that are open to you. If your debt and financial circumstances are very serious, using a debt management firm, which takes a direct approach, can be helpful. A debt payment plan is created whereby you are obligated to make monthly deposits in a trust type account. The firm will also handle negotiations with creditors to reduce monthly payments and interest rates.
The final option is the non-profit counseling services. They are charitable organizations that analyze your personal circumstances, create a workable budget, and give you free credit counseling, but they don’t negotiate any terms with creditors. However, whichever service you choose, you can only benefit if you follow their advice and change how you spend your money.
About the Author
Being especially interested in assets and money management, Peter J. Wilson has been writing numerous publications on this specific subject. His publications on assets and managing credit card debt are found on his web publications.
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.
Related Debt Articles
Write-up by Loan borrowing
When debts are becoming unmanageable, there is a require for a source which handles all your debts in an suitable way. Simply because unmanageable debts adversely impact monetary status, credit score and much far more, which additional emerge as hurdle while performing in the economic market place. So, before the situation get worst, avail debt management services.
Availing debt management services is regarded as the 1st step towards leading a debt cost-free life. In present scenario, debt difficulty is becoming faced by majority of the people. Thus by keeping in thoughts such dilemma, most of the monetary firms and other private lenders give debt management services. While availing debt management services, the individual should make positive that he is dealing with reputed financial organization.
The concept of debt management services includes a variety of components such as debt negotiation, debt consolidation and debt counseling etc. In debt consolidation, the lender consolidates all debts either they are personal, credit card or any other debts. And, after merging all debts, the lender makes lump sum payment to creditors on behalf of the person (in debts). Thus, as a result the individual is given with an obligation of producing a single monthly payment to the lender.
In debt negotiation, the business delivering debt management services negotiates with the creditors and appeals them to lessen or waive sum amount of interest or penalty payment. And in debt counseling, the person comes in face to face interaction with credit authorities. In these counseling sessions, they discusses debt difficulty, and credit professional after initializing debt dilemma suggests an proper measure accordingly.
Following are the benefits of availing debt consolidation services, such as:
*Low interest rate
*Saves money
*Debts turn into manageable
*Improves credit score
*No embarrassing calls
Debt management services offer an efficient way to deal with debts. But, along with availing debt management services, the individual ought to try to cut his wasteful expenditure and limit his use of credit cards.
About the Author
As a economic consultant the only driving force of Ann Gibson is to provide proper understanding.He functions for UK Debt Consolidations. To discover debt management assist, debt management services, private debt consolidation loans, loans, unsecured debt consolidationloans, secured loans that greatest suits your need please pay a visit to http://www.ukdebtconsolidations.co.uk
Write-up by James Taylor
Are your debts growing day by day? Or you are discovering difficulty in managing, controlling and paying off debts or facing any other issue connected to debts. Now stop worrying about your debts as debts management will take care and eradicate your debt difficulty.
Debt management acts as manager for your debts. In other words, it controls, manages and handles debts in such a way that such difficulty doesn’t arise in future. In present scenario, debt difficulty is typically noticed. And, due to this reason majority of the lenders which includes banks, economic institutions and other developing societies are coming up to offer debt management.
Debt management is not a small term which is getting employed in the monetary industry. Rather, it is extremely broad concept which consists of a variety of aspects such as negotiation, budgeting, counseling and guiding etc. Debt management can be done either via debt consolidation loan, debt consolidation mortgage or remortgage.
On availing debt management, the person is asked to furnish certain specifics such as address proof, identity proof, flow of revenue, nature of debt issue and structure of monthly expenditure. And soon after initializing all these details, the credit expert suggests an proper measure accordingly.
Following are the advantages of availing debt management. Some of them are as follows:
*Debt burden get decreased
*Lowers monthly outgoing
*Improves credit score
It is true that debt management is the dependable and simple indicates to manage debts. But, along that the individual ought to not forget to take particular precautions to get very best out of debt management that is controlling wasteful expenditure and limiting the use of credit cards. As these two variables are the root causes for debt problem.
The best and low-cost way of applying for debt management is by means of online mode. It saves time, funds and efforts. For that reason, it will be appropriate to say that debt management solves your debt dilemma through a hassle totally free procedure.
About the Author
James Taylor holds a Master’s degree in Commerce from JNU. He is operating as economic consultant. To find Education loans, Debt Consolidation loans, Debt management, Unsecured individual loan, Homeowner secured individual loans that finest suits your requirements visit http://www.chanceforloans.co.uk
Article by Alex Jonnes
More debt than you can afford? Creditors calling? Only creating minimum payments? Auto repossession? Credit card debt? Medical bills? Thinking about bankruptcy? As a common man, you may face trouble in management of his finances when your debts are big in numbers. Your thoughts is occupied by all such questions. Debt consolidation management is the answer to all such concerns.
Consolidate debt to lower your monthly payments.
If you know how to consolidate your debts, debt consolidation can be a smooth ride for you. Debt consolidation refers to combining all the existing debts simultaneously decreasing the number of monthly repayments you make for your debts.
How debt consolidation works?
When you are paying for too numerous debts separately, the interest rate for each of your debts varies. This in total adds up to a large amount. On the other hand if you are paying your entire debt amount through a single monthly repayment with low rate. This not only saves your money but also reduces the hassle of calculating and paying off each and every debt separately.
What other services can I get by means of these debt consolidation management firms?
*Confidential Budget, Credit and Housing Counseling*Credit card debt consolidation management*Interactive Financial Education Tools for Customers, Teachers and Business Specialists*Debt Management Services*Bankruptcy Counseling*Bankruptcy Education
Where and how to enroll for a debt consolidation management service?
There are lots of debt consolidation management businesses which you can search for and apply via on-line websites. The enrollment procedure just takes 15 to 30 minutes involves filling a straightforward application with the requisite details. These particulars are: individual details such as name, address and get in touch with data, employment particulars such as status and income, and debt details i.e. number of debts you are carrying, total debt amount, information about the creditors.
After the enrollment approach
The skilled consultants form these debt consolidation management organizations will contact you for discussion relating to the preparation of a debt consolidation management program for you. These companies have tie ups with majority of creditors and lenders. They will get in touch with your lenders and attempt to negotiate with them for reduction in interest rates and repayment term. This will support in lowering down your monthly payments.
Points you really should constantly remember
A debt consolidation management can get all your debts and finances on the track and in manage. But to preserve this control, you need to have to manage and plan your spending. Measures such as lesser use of credit cards, preparing a spending budget, producing cash purchases etc can assist you to steer clear of the debt from arising further.
About the Author
Alex Jonnes is associated with Easy Debt Consolidations. He is Masters in Organization Administration and writes on different finance associated topics. To discover Debt management, debt consolidation management, negative credit individual loans, online debt consolidation loan, lowest interest rates go to href=”http://www.easy-debt-consolidations.co.uk”>http://www.straightforward-debt-consolidations.co.uk
This week Max Keiser and co-host, Stacy Herbert, speak about ‘capitalist gangbangs,’ JP Morgan’s ‘way forward,’ and why 14 trillion no longer scares us. In the second half of the show, Max Keiser interviews Satyajit Das about the conservation of debt and slavery, extreme funds and #occupywallstreet. KR on FB: www.facebook.com
The US department of agriculture says that millions of individuals in the nation do not know where their subsequent meal is coming from. Al Jazeera’s Alan Fisher, reports from Washington, says that the department identifies two categories of food insecurity: “The 1st 1 says the diet is not quite varied and the high quality of food is not really excellent. The second, a lot more severe category, is listed as several indicators of disrupted food intake.” With one in four children affected by the situation and more than half of them under the age of six, the problem is now also to be highlighted in a nationwide broadcast on the educational Tv show Sesame Street.
Video Rating: four / five