Commercial Collections Blog

Export Credit Insurance

Export credit insurance for exporting firms provides protection for nonpayment or refusal of shipments by customers abroad. It can also protect exporters from customers who become insolvent.  For firms new to exporting, this insurance  allows firms to establish themselves in an overseas market by mitigating certain risks.  This permits the firm to confidently offer more competitive credit terms for potential buyers.

Export Credit Insurance is a non-performing letter of credit used as assurance of buyer payment in international transactions. If the seller does not receive payment on time, the letter of credit is cashed on demand by the seller. This letter can be canceled when the terns of the contract have been satisfied.

Debt Collection News

  • Business celebrates 100 years of helping consumers overcome bad credit

    January 18, 2018
    STOCKTON — A century ago, CB Merchant Services began as a debt collection agency, known then as the Stockton Merchants Association. In that time, the not-for-profit organization has worked diligently to help clients recover debts and to help those who owe get their credit back on track. During the ...
  • Should debt collection be a primary funding source for healthcare providers?

    January 18, 2018
    ... the new model that needs to be adopted. You can find more about the process at https://aaacreditguide.com/medical-bills/. One of the most ingenious ideas in the business belongs to Tenet Healthcare who has sold its least profitable hospitals but keeps them as clients for the debt collection subsidiary.
  • NY AG Asks Court To Force Debt Collector To Hand Over Docs

    January 18, 2018
    Law360, New York (January 17, 2018, 10:45 PM EST) -- The New York Attorney General's Office on Wednesday asked a New York federal court to force a debt collection company and its owner to turn over financial documents, business records and other information that the agency is seeking in its suit ...