Posts by Darren Tebbitt
Top 6 Debt Collection Tips for Small Business Owners
An unpaid invoice is probably the worst nightmare for any business. It hampers cash inflow, productivity, and eventually, the growth of your business. However, unpaid invoices are far more common than you know in business. It is challenging for small businesses to deal with debt with minimal resources and tight budgets. If you are worried…
Read MoreDebt Collection FAQs
One call no one wishes to attend is often from a debt collector. However, it is more common than you know for people not to pay their debts on time and receive a call from collections. If you are in such a situation, there is nothing to worry about. Knowing more about debt collection and…
Read MoreHow chatbots and automation supports debt collection
Can you believe that the very first chatbot was created in 1966? This makes the technology older than the internet. Admittedly it did take many years to flourish however it was not until 2016 when Facebook allowed developers to place chatbots on Messenger that we saw a turnaround in the use of this technology. …
Read MoreHow Can Digital Debt Collection Spur Fintech Success?
Digital transformation is changing how multiple industries function today. Finance is one of the industries that has significantly transformed in the past few years due to digitization. Debt collection, a big part of the financial industry, is also overthrowing traditional methods and moving towards digital debt collection. AI debt collection and insight-based collection methods are…
Read More3 Technologies That Will Provide A Much-Needed Makeover To The Debt Collection Process
The regular inflow of cash is an essential requirement for the survival and growth of any business. Payment from invoices is one of the primary sources of cash inflow. However, many companies struggle with getting their invoices cleared from customers for one reason or another. That’s where debt collection services come into the picture. What…
Read More8 Reasons to Hire a Debt Collection Agency
Every business comes across customers that don’t pay their invoices on time. These customers are not only an inconvenience but can end up being the reason for the closure of your business. Over 80% of small businesses shut down within the first few years of establishment due to a lack of cash flow. A debt…
Read More6 Debt Collection Myths Dispelled
Debt collection agencies help businesses collect the payments that companies don’t get on time for various reasons in the most efficient way possible. Digital debt collection services can change how firms handle their finances in today’s world. However, many businesses debt collection services not use debt collection services as they believe in the prevalent myths.…
Read More3 Things that Will Increase Your Chances of A Successful Recovery Of Debt
If you have been in debt collection services for some time, you know every customer is different. There are no set rules on how to deal with all your customers. Instead, improvise by understanding the client’s situation. However, few things never go wrong, no matter what type of client you are dealing with during recovery.…
Read More3 Tips to Improve Your B2B Debt Collection Performance
Debt collection is one of the most challenging industries out there, and its nefarious reputation surely doesn’t help either. However, the challenges become tenfold when you talk about debt collection for business. One of the challenges in debt collection, whether B2C or B2B, is that there are no fixed paths. You need to improvise according…
Read MoreHow technology and AI is disrupting the debt collections industry.
A couple of weeks ago I posted a blog that talked about why I feel traditional debt collection agencies are a thing of the past. The purpose of that post was not to belittle the industry of debt collection, more to highlight that many debt collectors still use traditional methods to recover unpaid invoices. If…
Read More