Debt Collections Industry News & Information

6 Tips for Choosing the Best Collections Agency For You

Collection agencies abound, from big to small, often offering a handful of services you may not know if you need. If you’re trying to figure out the best collection agency to partner with your business, we’ve compiled 6 important steps so you can feel confident you’ve made the smart decision.

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9 Collections Acronyms You Should Know

If you’re considering outsourcing your debt collection to a third party, you’re likely to be inundated with unfamiliar terms and acronyms. You should always feel empowered to ask people to define those terms for you, but we’ve compiled a list of ten collections acronyms that Alacrity Collections uses. Legal Acronyms

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How Old Is Too Old When It Comes to Collecting Debt?

When it comes to collecting owed debts, it can really be a race against the clock. Once the statute of limitations is met, collecting debts is virtually impossible. As such, proactivity is key! Here is our advice for ensuring you collect owed money before it is too late. Step one

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What to Expect from Your Collection Agency Regarding HIPAA

The Health Insurance Portability and Accountability Act (HIPAA) was enacted 25 years ago to protect consumer medical information and limit the sharing of personal health information (PHI) to third parties.  That includes your debt collection agency! So what should you expect from your own debt collection agency when it comes

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7 Best Practices for Patient Payment Plans

Healthcare providers are increasingly relying on patients for revenue gain. As such, it makes sense to develop a payment program to make repayment flexible and available to all patients in need of your care. As you develop your own patient payment plans, be sure to keep these seven best practices

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Signs Your B2B Clients May Declare Bankruptcy Soon

It’s never ideal when clients start showing signs of financial distress. We have to ultimately decipher if their difficulty is merely temporary or if bankruptcy could be on the horizon before we know it. Here are some tips for distinguishing and preparing a response for either scenario. Spotting the Signs

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What is a Business Credit Score?

What is a Business Credit Score?

A business credit score provides potential lenders with a rating on your company’s overall credit, including factors such as payment history, current credit utilization and company size. These scores work similarly to your personal credit score, with that being said, we will discuss a few key differences below. Just as

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5 Ways to Build a Great Business Reputation

5 Ways to Build a Great Business Reputation

Nothing is more critical for the long-term success of your business than an excellent reputation. While advertising and marketing may get customers in the door, sterling customer service and attention to detail will build a great business reputation that will lead to returning clients and word-of-mouth referrals. Let’s look at

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“...I also want to say thank you to the Alacrity team for being patient with me in handling this account and letting me pay it off with monthly payments. I greatly appreciate that and the professionalism of the staff. Most of the time collection specialists are rude and judgmental. They see that a person has been sent to collections and automatically think they are deadbeats or people who do not want to pay their bills. It won't be long before my debt is paid off and I will be out of your system! Yaaaayyyy!!! Thanks again!”
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Consumer Collections

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