United Obligations

Collection Agency Maine: How to Get the Best Results - If you have hired a collection agency, congratulations! You have taken an important step towards improving cash flow and saving time and effort. In order to get the best results, however, you must work closely with the collection agency. Effective communication with the agency is key. You should exp...

Eight Signs it is Time to Hire a Collection Agency - You have a growing small business, are “doing everything right”. You use customer contracts and have a good plan to recover bad debt in-house. When do you need to hire a collection agency? Here are 8 signs you need to get some outside help You have a growing number of receivables over 90 days pa...

Now is the time to tighten up your credit and collections policies and procedures.

Debt Collection, Inflation and Recession: Are You Ready? - Will inflation continue to rise? Will higher costs erode consumer confidence? Will fewer sales usher in a recession? The “experts” all agree on one thing, and that is that the economic signs are mixed. Stock market and employment numbers are strong, yet inflation is still high and consumer confi...

Here are a few simple steps you can take to reduce your cost of recovering the money owed to you.

How Reduce Your Cost of Collection - You can significantly reduce debt collection costs with a customer contract before you grant customers credit. However, too many small business owners do not have a written contract in any form. If you wait until after the transaction, it is, as my mom would say, “Closing the barn door after the c...

Collection Agency: More Than Phone Calls - Most people believe that a collection agency simply makes phone calls and reports debts to a credit rating agency. Certainly telephonic contact is an important part of the process. Although I contend it is overrated, credit reporting can perhaps assist with recovery. So what else does your collectio...

http://unitedobligations.com/collection-agency-or-your-lyin-eyes-3/

Collection Agency or Your Lyin' Eyes - “Who ya gonna believe, me or your lyin’ eyes?” – Chico Marx in Duck Soup Your collection agency is a valuable business partner. When you hire a collection agency, you do so not only to improve your cash flow by recovering bad debt, but also to save you time. A collection agency focuses on .....

Are you happy with the results from your collection agency?

Collection Agency: How to Get the Best Results - If you have hired a collection agency, congratulations! You have taken an important step towards improving cash flow and saving time and effort. In order to get the best results, however, you must work closely with the collection agency. Effective communication with the agency is key. You should exp...

http://unitedobligations.com/medical-debt-collection-youre-all-set/

Medical Debt Collection: "You're All Set" - I have been collecting medical debt for over 20 years. So many things have changed since I started. Small practices have been swallowed up by larger ones, patient out-of-pocket expenses have skyrocketed, technology has changed the way people pay and the enforcement of laws governing debt collection....

http://unitedobligations.com/want-to-send-fewer-customer-accounts-to-collections/

Want to Send Fewer Customer Accounts to Collections? - Do you want to send fewer customers to collections? Do you want to maximize chances of recovery of the accounts you do send to your collection agency? Here are ten things you can do: Establish a clear and consistent credit policy and stick to it. How much credit are you willing to extend to …

http://unitedobligations.com/how-long-can-you-collect-a-debt-in-maine-2/

How Long Can You Collect a Debt in Maine? - What is the statute of limitations for debt in Maine and how is it important to your business? I have written a great deal on the many issues that could arise if you fail to monitor your accounts receivables diligently or if you wait too long to hire a debt collector or use the small …

https://unitedobligations.com/maine-small-claims-court-what-are-the-alternatives/

Maine Small Claims Court: What Are the Alternatives? - Small Claims Courts were set up specifically to allow business owners the opportunity to bring grievances to court themselves, thereby saving on attorney fees. Courts in Maine and in many states continue are slowly reopening after a long Covid-19 closure. As they reopen, there will be a tremendous b...