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More Companies are looking to Collect on Consumer Debt during Coronavirus Pandemic Budgets have been stretched thin and purse strings kept tightly-wound. The era of the coronavirus has brought about drastic changes to so many nor...
Industries Impacted by Economic Downturn Count on Collection Agency to Recover Funds  Today’s uncertain economic climate has forced both service providers and their clients into sometimes difficult and awkward conversations about ...
These Debt Recovery Solutions Provide Firm Financial Footing during Coronavirus Pandemic It may feel like a lifetime, but it was actually only 60 to 90 days ago when America was able to boast stellar Gross Domestic Product (GDP) growth...
Industry-Specific Debt Recovery Solutions have been Designed to Achieve Maximum Effect Debt is a way of life. We take out loans to finance expensive ventures such as college, buying a car, launching a business or purchasing a home. What comes with these loans is a lot of fine print – and that text is legally-binding. There are very specific terms attached to these funds and repayment is an imperative . While we hope for the best, we must be prepared for the worst which is why hiring a debt recovery firm is a common contingency plan.. HF Holdings is a full-service...
What Goes into Successful Commercial Collections Nearly every business will have to deal with customers that refuse to pay on time, if at all, during the course of their operations. It is an unfortunate inevitability; however, hiring our commercial collection agency can shoulder the burden of recovering any business’ unpaid receivables, allowing you to focus on your day to day operations so you can give the necessary attention to your paying customers.Our commercial collection agency not only saves our client’s time, we also have...
How Does a Commercial Collection Agency Track Down Debtors? As a business owner, having to collect debts is stressful enough, but what if you have outdated or inaccurate contact information on the debtor? It may seem like tracking down the debtor will be impossible, but a major benefit of hiring a Commercial Collection Agency is the agency’s ability to locate and reach individuals who owe money to your business. HF Holdings explains Skip-Tracing and the details behind a Commercial Collection Agency’s process for uncovering debtor cont...
Why Hiring a Collection Agency Should Be a Priority of Small Business Owners Small businesses are the cornerstone of America’s economy, and without them the economy would be broken. A majority of new jobs have been made available in small businesses. Numerous innovations that have changed the world have been produced by entrepreneurs. This important piece of the U.S. economy contributes revenue, technological advancements, jobs and more. An increasing number of individuals are becoming self employed and building on the small business foundation. What st...
Tips To Recovering Debt And Keeping Customer Relationships In A Bad Economy Any company that deals with loans or sells products that involve multiple payments will inevitably have customers that do not pay back what is owed. While some customers may occasionally be late on a payment, some may try to avoid payment consistently and will not answer calls or statements mailed from your company regarding debt. In this difficult economy, many people may not pay all of their bills, and can be quite difficult to locate by many companies that simply do not have t...
Hiring a Commercial Collection Agency Can Save You Time and Money Every business struggles to deal with customers who do not pay their bills. Whether you contact them and they provide excuses, or you simply are unable to reach them, these customers leave your books unbalanced and cut into your profit margins. Hiring a commercial collections agency can help you recoup these lost funds. A collection agency is much like a detective agency, except it focuses only on recovering unpaid debts. An agency can search public records for information about ...
Accounts Receivable Management No one would ever suggest that collecting debts is an easy process. The fact that there are complexities associated with collecting debts reveals the entire rationale behind the debt collection industry. The pressing need for collecting debts is designed to help those in the business community remain profitable. The truth is, if a business is not receiving payment from delinquent accounts, losses and other financial hazards would quickly increase.However, the nature of cer...