Category Archives: Debt Collection

Bad Business Debt Timeline

C2C Resources Releases Bad Business Debt Timeline in Response to Business Summer Slump

Licensed commercial debt collection agency C2C Resources released a bad business debt timeline for companies struggling through the seasonal summer slump.

Atlanta, GA – September 10 – C2C Resources, a leader in commercial debt collection across the United States, released a bad business debt timeline today to assist companies who are struggling through the seasonal summer slump.

With employees often taking leave for family vacations, the summer months typically result in a delay in sales and productivity. Many businesses also feature season products and services such as pool supplies, AC repair and summer tourist town attractions. C2C Resources believes B2B and B2C companies of all sizes struggle from the summer slump.

“Unfortunately, while your business may have forecasted a decreased cash flow in the summer, there are other businesses that do not, and many could be your customers,” explained Todd Tinkler, President of C2C Resources. “The ripple effect can easily occur once this happens. To overcome it, stick to a schedule when invoicing customers and following up on past-due accounts.”

The company released the following timeline to help companies decrease bad business debt by establishing credit and accounts receivable policies.

Day 0: Send the invoice to the customer.

Day 15: For new customers or large invoices, place a pro-active call to confirm the customer has received the invoice. Always verify that the shipment was received and the order was correct. It is a good way to avoid a dispute later.

Day 35: Depending on the payment agreement, send a past-due reminder notice.

Day 45: Send a past-due follow up notice on smaller accounts and make initial past-due calls on larger accounts. If time permits on smaller accounts, a call is better than written communication at this stage.

Day 55: Move forward with the initial past due call or follow up call depending on the action taken on Day 45.

Day 65: Send a termination of credit notice or a 60-day demand notice to the delinquent customer.

Day 80: Call the client with a final demand for payment.

Day 90: Send a final demand notice.

“After 90 days you need to turn to a third-party agency for help,” said Tinkler. “Don’t risk losing the chance for payment. The longer you wait, the harder it will be.”

About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 25,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.

C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.

Contact Information
Trey Cefalu
C2C Resources LLC
http://www.c2cresources.com
+1 5046168434

Commercial Debt Collection Agency Tips

C2C Resources Releases Four Reasons to Partner with a Licensed Agency

As a leading commercial debt collection agency, C2C Resources released a tip sheet of the top four reasons to partner with a licensed agency.

Atlanta, GA – September 09 – C2C Resources, an expert in licensed commercial debt collection and a member of the International Association of Commercial Collectors Inc. (IACC), released a tip sheet today of the top four reasons to partner with a licensed agency.

With over 20 states requiring commercial collection agencies to be licensed to do business in their state, C2C Resources is also fully licensed in every state where they do business.

“We hold our agency to high standards, exceeding the requirements of state licensing, because we value our customers and the struggle they are going through with delinquent payers,” explained Todd Tinkler, President of C2C Resources. “It is a shame that so many businesses are operating illegally. We always advise companies who inquire about our services to ask about licensing when researching who they want to partner with. We know we don’t have anything to worry about!”

The following are the top four reasons to partner only with a licensed commercial collection agency:

1.    Licensing is the law.
2.    Licensing protects the business’s money through required trust accounts and bonds.
3.    Licensing protects the business from a possible lawsuit.
4.    Licensing maximizes recovery. If the debtor finds out that the agency is unlicensed, he or she could threaten to report it. In some states, regulators will require the agency to give the collected money back if reported.

If the company is located in one of the following states, the agency must be licensed to handle your business: Alaska, Arizona, Delaware, Florida, Idaho, Illinois, Minnesota, Nebraska, Nevada, New Jersey, New York (City of Buffalo), North Dakota, Oregon, Tennessee, Utah, Washington and West Virginia.

If the delinquent customer is located in one of the following states, the agency must be licensed: Arizona, Arkansas, Delaware, Idaho, Illinois, Minnesota, New Jersey, New York (City of Buffalo), North Carolina, North Dakota, Oregon, Utah and Washington.

For a PDF version of the tip sheet, visit: http://www.c2cresources.com/site/License.pdf. The above is not intended to serve as legal advice.

About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 20,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.

C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.

Contact Information
Trey Cefalu
C2C Resources LLC
http://www.c2cresources.com
+1 5046168434