Commercial Collections Blog

No Hope & No Money

When assessing risk in dealing with a business, it’s important to know as much as possible about both the customer and the industry the business  operates in. For example, in today’s economic climate, any business that’s even remotely connected to the real estate sector should be viewed with caution. That includes a wide range of companies from carpet manufacturers to home builders. Likewise, any company that sells to the auto industry is likely being squeezed because of the downturn in that sector. Therefore, unless there are convincing reasons to sell extensively to companies in such industries or extend credit facilities, it might be advisable to limit exposure to them or make certain your terms of sale reflect both the client and industry.
When dealing with companies in depressed industries you should have as much information as possible about the firm’s finances and review, on a regular basis, cash flow and all important ratios. During this analysis, review their payment history in comparison to industry standards and note any changes to their payment habits. Understanding the importance of keeping a watchful eye on your debtors and the industries they are in could save you time and most important of all, money.

Debt Collection News

  • Collectius Acquires a 350 Million USD Non-Performing Loan (NPLs) Portfolio From a Leading ...

    December 15, 2017
    ... (SEA) debt buying markets by acquiring a non-performing loan (NPL) portfolio from a major bank in the Philippines. The deal consists of 340,000 credit cards and personal loans with a total principal value of 350 million USD. Earlier this year Collectius acquired CJM Solutions, a debt collection agency ...
  • Collections Actions Tied to For-Profit-College Fraud Triggers Suit

    December 14, 2017
    WASHINGTON (CN) – Three states brought a federal complaint Thursday against the government for enforcing debt collection against students who were defrauded by a ... The agency also conducted extensive outreach to affected students, and requested that states undertake their own outreach efforts.
  • As the Cannabis Industry Continues to Grow CannaBIZ Collects Brings Solutions to the Table

    December 14, 2017
    No risk, no fine print, only effective debt collection services specifically designed for cannabis businesses. As a leading cannabis debt collection agency, CannaBIZ Collects is a proud member of the National Cannabis Industry Association and has worked with clients that include Way to Grow, Integrity ...
  • DeVos: Americans Must Pay Back Loans for Bogus Degrees

    December 14, 2017
    DeVos has also personally profited off student debt. Upon joining the administration, she disclosed and agreed to divest from holdings in Performant Financial Co., a debt collection agency. There is some small amount of hope that DeVos will still agree to get rid of some of the loans on a case-by-case ...
  • B2Holding buys EUR 271 mln bad loans from Raiffeisen Bank Romania

    December 14, 2017
    B2Holding entered the local market last year by acquiring the Bulgarian debt recovery firm Debt Collection Agency (DCA), which also had operations in Romania. Shortly after, B2Holding bought a portfolio of EUR 370 million from BCR, the largest lender in Romania based on assets. The Norwegian firm ...