Commercial Collections Blog

When a Creditor won’t Renew a Line of Credit

When any creditor chooses not to renew a debtor’s credit line —  other creditors should  become proactive and try to find out why.

Below are two suggestions to help determine the underlying reason.

1.  Pull a trade report on the debtor to find out if payment habits have changed.

2.  Request an updated financial statement from the debtor. If the debtor does not have a current statement, request one.

Note: If they are a public company, you can get the most recent updated financials from the internet.

Debt Collection News

  • Global Debt Collection Software Market Outlook 2018 by Manufacturers, Application, Latest Trend ...

    April 24, 2018
    Global Debt Collection Software Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023 report published by Fior Markets ... market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key ...
  • How You Should Respond To Debt Collectors

    April 24, 2018
    The debt collector has 30 days to respond to your request. If they respond and are able to prove this is your debt, then you can begin to negotiate some type of settlement. The world of debt collection is a dirty business. Its important you equip yourself with the knowledge to know how to deal with them so ...
  • Teleperformance: First-quarter 2018 revenue

    April 24, 2018
    PARIS--(BUSINESS WIRE)--Regulatory News: Teleperformance (Paris:RCF), the worldwide leader in outsourced omnichannel customer experience management, today released its revenue for the first quarter of 2018 (period from January 1 to March 31, 2018). STRONG GROWTH IN LIKE-FOR-LIKE ...
  • GET AN AUTOMATED DEBT COLLECTION SYSTEM THAT MAKES LIFE EASIER.

    April 24, 2018
    As businesses move from people-centric debt collection to automated collection services, it is important to examine the relative benefits and see which human skills are still needed when making use of services such as 'Am I Paid?' in order to recover debt from an individual or business: 1. Patience and ...