2 min read
Standby Letter of Credit Shows Willingness & Ability to Pay
What is a Standby Letter of Credit? A Standby Letter of Credit is a written guarantee issued by a bank to pay on behalf of their customer in the...
Credit Risk Management (4)
2 min read
Credit Survival Guide: Proof of Claim
Credit Survival Guide: Proof of Claim Maybe you heard it from a colleague, maybe you were notified by your customer’s bank, maybe you saw it online...
2 min read
What Should I Know About Attorney Collection Expenses?
Today’s 3-in-3 Topic is: What Costs Should I Expect with Attorney Collection Efforts? Today we sat down with Danielle Moon to discuss attorney...
2 min read
Understanding Bankruptcy Claims and Periods
Understanding Bankruptcy Claims and Periods, Plus the Difference between Chapter 7 vs. Chapter 11 What is the primary difference between Chapters 7 &...
1 min read
Learn More about Contingent Collections
Learning More About Contingent Collections: What Is a Contingent Collection? You may be asking yourself what is meant by a contingent collection....
8 min read
Recovery Options for Secured and Unsecured Creditors
What to do When You Haven’t Been Paid: Recovery Options for Secured & Unsecured Creditors You supplied materials or services per the contract or...
3 min read
Best Practice Credit Reports
Best Practice Credit Reports: How to Obtain a Credit Report for the Correct Entity You likely review a potential customer’s existing credit...
2 min read
Here’s What Wikipedia Can’t Tell You About Collections
Here’s What Wikipedia Can’t Tell You About the Collection of Past Due Accounts It seems people recognize that Wikipedia isn’t the most reliable...
2 min read
Can Supporting Documentation Make or Break Your Claim?
Can Supporting Documentation Make or Break Your Claim? Short Answer: Yes! The words rumbled like daunting thunder from the mouth of a tall, lanky and...
3 min read
Hip Hop and Credit Management
Hip Hop & Credit Management: Advice to Credit Professionals in 30 Seconds Several years ago, I was given the opportunity to view a documentary,...