Everyone’s talking about rising inflation these days. And for the average American consumer, this means that the purchasing power of your dollar is diminishing. This is because inflation causes a general increase in the prices of goods and services. But if you hold or loan out commercial debt, … [Read more...]
How Does Inflation Affect Commercial Debt?
When to Place Accounts for Collection
If a commercial account goes unpaid for an extended period of time, there will come a point when the business doing the billing takes additional action to recover the money. The delinquent account is put in collections. An account placed in collections has the potential to be paid in full, … [Read more...]
The Importance of Credit Applications
Extending credit to commercial customers can be a win-win situation for your business and your customers. It gives you a chance to build what could be a long-standing and lucrative relationship, and it enables your customer to buy more from you through commercial debt. However, the credit is a form … [Read more...]
Civil Litigation for Commercial Debt
The quest to obtain financial compensation for unpaid commercial debt might require legal action. To be more specific, you need the assistance of a commercial debt collections specialist to pursue civil litigation on your behalf. Your legal action as a plaintiff is filed in the appropriate court, … [Read more...]
What is Commercial Debt?
To get you acclimated to this topic, commercial debt is any debt owed by a business or commercial venture. This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. Commercial debt can accrue to a considerable … [Read more...]
