Debt Collections Industry News & Information

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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How to Avoid Billing Oversights in a Medical Practice

How to Avoid Billing Oversights in a Medical Practice

Today, between co-pays, claim denials, past-due balances and changing insurance, doctor’s offices must navigate a complex financial landscape. While doctors work to treat patients, they must also succeed as a business. The complexity of managing financial payments can put a strain on their medical practice. Let’s look at the billing

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How Customer Service Improves Cash Flow

How Customer Service Improves Cash Flow

Adequate cash flow is as essential as overall revenue for many businesses, especially small and medium-sized companies. Improved customer service serves as a critical part of ensuring cash flow, not only in how customers are treated but also in how quickly services are rendered to receive payment. Let’s look at

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Identifying Online Shopping Scams During the Holidays

Identifying Online Shopping Scams During the Holidays

Even before the pandemic forced many people to avoid crowded spaces, more and more people shopped online. According to one study, more than 14 percent of people worldwide online shopped in 2019 – a number that was expected to reach 23 percent in five years but will likely climb even

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Unrivaled debt collection

Debt Collection During a Pandemic: Alacrity’s Strategy

Debt collection during a pandemic may seem like a maze. Regardless of whether you are a current or future client, you want to know what your debt collection agency does to adjust to the pandemic. Besides taking numerous precautions at our offices to protect our team (masks, hand sanitizer, physical

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Maintaining Your Reputation When Collecting Debt

As a business of any size, you may at times need to collect on overdue invoices. Having a formalized debt collection process will minimize the potential for cash flow issues in your organization. After all, you need to be able to pay your employees and your own obligations. Things can

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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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