debt collection industry misconceptions

Debt Collection Industry Misconceptions

Here are some common debt collection industry misconceptions. Overview: Businesses that sell goods and services on credit must handle accounts receivable. Inevitably, those businesses granting credit must decide what to do with past–due accounts. While third-party debt collectors provide valuable services by collecting delinquent accounts, thus lowering costs that would otherwise be passed on to consumers,…

Having Midwest Fidelity Services in Your Back Pocket Is an Invaluable Asset to Your Companies Receivable Management Process

Running a business can be challenging and rewarding at the same time. Regardless of whether or not you own a small business or a large corporation. When people become late on payments, it can have a huge impact on your overall operations. Not only cutting into cash flow for operating costs, but taking away valuable…