Commercial Collections Blog

Nearly all the major banks reported improvements in credit quality in most quarters last year. This is primarily a result of the large declines in loan-losses and non-performing assets not decreasing at the levels of prior quarters. That being said, it should always be remembered that when considering the earnings potential of banks, loan losses and provisions for such should always be taken into account when placing them side-by-side with a bank’s interest income. A small default rate of total loans outstanding could put a huge dent in a bank’s interest income.
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Technorati Tags commercial business loans, Commercial Collection

The Uniform Commercial Code (UCC) promotes efforts to regulate laws of sales for transactions made in the US. The UCC establish laws that regulate commercial transactions between states, e.g. Products or goods sold in one state, sold to different state or just simply warehoused in a totally different state, this types of commercial transactions are revised in the UCC chapters.

Payments for Commercial Transactions

Payment orders in the context of the Uniform Commercial Code, are instructions of a sender to a receiving bank, transmitted orally, electronically or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary.  Certain conditions apply, however, the instructions should not state a condition of payment to the beneficiary other than time of payment. The receiving bank is to be reimbursed by debiting an account or otherwise receiving payment from the sender.  Also, the instruction must be transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system or communication system for transmittal to the receiving bank. For more information regarding the Payments made in the UCC regulations contact Collection Agency B&A for more information.

Technorati Tags collection agency, Commercial Collection, Uniform Commercial Code

The Fair and Accurate Credit Transaction Act, also known as FACTA, is a piece of legislation that aims, in part, at protecting businesses and consumers from thieves that try to steal identity information. FACTA applies to all businesses that maintain, or in some way possess, consumer information for a business purpose. Failing to properly secure and maintain such consumer information can result in substantial fines and class-action litigation, with no statutory limitation, which can hold a company financially responsible for the actual losses to individuals involved. As part of our company philosophy we offer an integral solution we provide information like Business Identity Thief, our Commercial Collection Agency is committed to your business

Technorati Tags business integrity, Commercial Collection, identity theft

While financial reports are usually a good indicator of the financial health of a company, there are a number of other signals to look for when ascertaining a firm’s health. One of the important things to be on the lookout for is when a company denies it’s in trouble or tries to explain that difficulties are only temporary setbacks. In addition, sudden changes in a firm’s stock-trading volume can indicate unease about the firm among investors. Among other potential worrisome signs are when a firm redefines its strategic vision, overhauls its management or, perhaps most worrisome, refuses to return phone calls. If your are looking a Commercial Collection Agency in Nashville call (252) 220-0325

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Discounts can be beneficial to both the seller and buyer under certain circumstances. One of the primary reasons for the seller to offer discounts for early payment are the relative financing costs of accounts receivable that are saved by the seller for early payment versus the cost of early settlement discounts. Another primary reason relates to the degree of the sellers needs for early payments due to the company’s cash flow requirements. Offering cash discounts for early payment however, has its down sides, such as noting that debtors have a tendency to take the discounts whether they qualify for them or not. Whether a collection department or commercial collection services try to Collect on these “unqualified” discount deductions can then become a headache and, if let go, eventually unnecessarily inflate receivables, which could cause borrowing rates to increase if overall deductions get out of hand.

Technorati Tags cash flow, Commercial Collection

With healthy cash flow essential to the financial success of any company, firms must be aware of alternative strategies in times of lean cash. One strategy that can be used, especially by smaller companies experiencing a cash crunch, is that of inventory-based credit. For example, some finance companies specialize in lending money based on inventory rather than receivables, assets and purchase orders, while others can provide a revolving credit line for owners of small businesses. The trade-off is that companies that need cash, while they’re waiting to get paid, have access to money to tide them over. In addition, accounts receivable financing is also an alternative as well as making certain your firm not only has a well-oiled collection policy in place but your past due accounts are referred to third party collection services in a timely manner. If you are looking for a commercial collection agency in Cleveland call (440) 941-6578

Technorati Tags cash flow, cash flow problems, Commercial Collection

Often intangible-asset valuation reports and related economic analysis are prepared as part of a corporate bankruptcy. Intangible-asset valuations often impinge on controversies concerning, among other things:

Valuation of financial assets is done using one or more of these types of models: (from Wikipedia)

1. Estimate of discounted cash flow to determine the value of future income they expect to have the assets, discounted to their present value. (Increase your cash flow, reduce your DSO,  Commercial Collection Agency)
2. The models to determine the relative value based on market prices for similar assets.
3. Certain types of financial assets provides options of pricing models (e.g., investments with embedded options such as a callable bond, put options, warrants, employee stock options, call options ) and is a model of the current complex value. The most common models of option pricing is the Black-Scholes-Merton and lattice models.

Technorati Tags bankruptcy, cash flow, Commercial Collection

A CP-90 letter is an official notice from the U.S. Internal Revenue Service (IRS), also known as a Final Notice of Intent to Levy and Notice of Your Right to a Hearing. It means that, at least in the opinion of the tax agency, you have been reminded of money owing already and have failed to pay up. The CP-90 notice is an indication that the IRS is planning to take more definite action to recover the taxes owing. As a result, it is vitally important to know what to do if you receive a CP-90 notice call Burt and Associates will be glad to explain this to you.

Technorati Tags Commercial Collection, IRS

Learning to choose a collection agency or commercial collection agency,  starts with understanding what is the nature of the collection industry. Let say that you have been sending invoices and you are having trouble getting people to pay you.  If so, you need the service of a collection agency. When collecting business to business you need a commercial collection agency that knows and understands the nature of  business owners.  A Commercial Collection service takes the place of your business and starts collecting your past due accounts. Through a commercial  collection agency, you can ensure you are paid on goods and services provided to customers. So if your company is chasing debtors, don’t waste your energy and resources,  let a collection agency do the work for you, while you get back on track. When you need a commercial collection agency in Miami contact them at (305) 735-1910

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As credit/finance executives, we know that sometimes it may be necessary to contract with a collection agency to help collect past due accounts. While in general it is useful to resort to a collection agency when a debt falls 90 or 120 days past due, some companies may want to consider an outside agency as early as 60 days past due. It is essential to use an agency that is effective and that uses professional collection techniques. You should not only consider a collection agency’s references and experience but you should also request a “hold harmless” agreement from the agency that will release your company from liability in the collection process. You should also make certain that the agency is sufficiently bonded. There are things to consider when talking about commercial collections, like knowing how the accounts receivables aging schedule or the interactive business debt recovery chart

Technorati Tags Commercial Collection, commercial collection strategy, commercial collection agencies