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When it’s Time to Submit an Account for Collections

Even when you’ve tried your best to collect on delinquent debt yourself, there comes a time when more help is needed. Too much time has passed. Every month, the probability that you’ll get paid on a delinquent account significantly decreases. If an account is 60 or even 30 days past due and you’re getting nowhere…
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Promissory Note 101

If your company has decided to offer credit to a client, the next step is to create a promissory note. A promissory note is an agreement, or a promise, to pay a specified debt. Having a signed promissory note on file will help to ensure that you receive the payment which you are owed. Verbal…
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Extending Credit to Your Clients

Are you thinking about including a credit option in your business? Extending credit can be a tricky situation. While it can be beneficial to both your business and your clients, it also has the potential to backfire. Even those who had a wonderful track record in the past when it comes to making timely payments…
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