What is the best way to write a debt collection letter? Here are some simple tips for small businesses
Letter of demands this is formally known as a debt collection letter. It is a letter that demands the debtor for the settlement of outstanding dues.
BEST PRACTICES FOR THE ACCOUNTS RECEIVABLE PROCESS
For running a successful business, the business owners must establish and maintain a significant Accounts Receivable (AR) management strategy.
WHAT IS ACCOUNT RECEIVABLES?
In today’s world, most business to business transaction run on a credit basis largely than on a cash basis, and people do not make instant payments after they place an order.
HOW TO MAINTAIN MY CIBIL SCORE?
We are going to talk about what exactly is credit or CIBIL score and why is it so important.
HOW DO CREDIT REPAIR AGENCIES WORK?
Credit score plays a significant role in processing and approving an application for a loan/credit card. A lower score can negatively impact your application and there will be chances of rejection of loan approvals. In such cases, you have to improve your score to avoid further financial problems. So, how can you repair your credit […]
A BRIEF OVERVIEW ON RBI ANNOUNCEMENT REGARDING EMI MORATORIUM
As we all know, the Reserve Bank of India (RBI) allowed all financial institutions to grant a three-month moratorium on all term loans due to the outbreak of COVID-19 and the subsequent lockdown.
6 BEST PRACTICES FOR EFFECTIVE B2B DEBT COLLECTION
In most companies, debt collection is an unfortunate reality. If buyers are eventually unable to pay for their purchase, the effect of those missed dollars can be significant
A B2B BUSINESSES PROACTIVE APPROACH FOR SUCCESSFUL DEBT RECOVERY
Collecting past-debts is necessary in any b2b business, but most of the b2b businesses facing this as a common challenge due to non-payment of customers.
WHY DOES A HIGH CIBIL SCORE NOT GUARANTEE A LOAN OR CREDIT CARD?
One of the biggest myths associated with High CIBIL Score is – Approval of loans or credit cards instantly. But, for sometimes even though you’re having a high credit score
7 MOST COMMON B2B DEBT COLLECTION MISTAKES
While running a business, collecting the past due payments from your business customers can be one of the most daunting aspects.