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Credit Alliance Group has discovered that Banks and Collectors Have a New Twist on the Old Bait & Switch Tactic
The pitch goes something like this: “Mr. Smith, Here at XYZ collections our goal is to find a solution to your current debt owed that will work with you current financial situation. We have a solution that we are willing to offer you today that will make all parties involved happy. Our offer that is on the table for the next 30 days is to transfer your current balance over to a new credit card with a fixed 0% interest rate for the life of the debt. The best part is that you will be making a payment that you can afford and being a new line of credit it will help rebuild your credit score as you payoff you current debt!” Now here is the catch: In the fine print terms for the new credit card offer they have the right to sue the party to acquire the balance. Since the debt has been transferred to the new card the deb
Do You Hate To Ask For Your Money?
Many business people hate to appear "pushy" towards the customers or clients who owe them money. They can be uncomfortable in asking, don't know how or when to get on the phone, and usually are unable to deal with the endless excuses, stalls, and evasions that are directed at them by some irresponsible debtors, all of which adds to the discomfort. The result of this discomfort is usually a less than acceptable recovery of money due plus irritation with the customer or client involved. This article tells exactly how to handle the discomfort in a way that is both appropriate as well as effective in getting more of the money owed and getting it much sooner.
Sales Are Increasing But Revenue Remain Stagnate – 3 ways to improve
Heard the term growing your business broke? It happens each and everyday to great businesses who don't manage their working capital and cash flow. Don’t fall into this trap – here is how to avoid it.
14 Ways to Collect Cash Faster
In this new era of difficult credit, cash is the life blood of your business. In this series of articles, we’ll look at bringing in cash faster, keeping cash longer, and increasing cash holdings.
Does Your Client Pay Slow?
If your clients pay slowly, here's how to collect client pay faster and with less effort.
Building your Starter Business Dashboard, in Excel?
Running your business without a dashboard is like driving your car without one. You can't manage what you don't measure. Your business dashboard keeps you running fabulous, fast, and forever.

Let Your Light Shine
In the Bible there is a story that warns us not to hide our light under a basket, and it applies in business as much as anywhere else. Turn the lights on! Let the world know who you are, what you can do for them, and how to contact you. In business, that is an every-single-day activity.
Diagnosing a Troubled Company – Part II ©
This article is Part II of a series of articles. It suggests a number of criteria to consider in reviewing a company's financial statements. It also addresses why it is important to properly handle a customer's complaint.
Work to the Beat!
A while ago I asked you if you preferred to work in your office or at your house. In that posting, I talked about how it is important to understand what works for you. What makes you focus? What makes you want to get up and move? What helps you with creativity? For me, it is frequently music! You see, I grew up in a very music filled family.

How to Set up Effective Terms and Conditions Before you Sell on Credit
Setting up effective terms and conditions can be a challenge for many small business owners when they are formulating their payment infrastructure. Extending credit can be an effective small business strategy as it allows your business to establish customer loyalty and to increase sales with customers who would not do business with your company otherwise. Consider the following tips when you are setting up your small business terms and conditions:

Other collections Related Articles

Accounts Receivable Collections: How to Get Late-Paying Customers To Pay On Time
It's great when accounts receivable collections roll in on time, but when they slow down, you still need to replace goods you've sold, pay your employees (on time), and pay the rent and all the other expenses of running a business. Most bad debt write-offs come from old accounts receivable, not current ones-the older the balance, the less chance it will be collected. So your best bet is to encourage your customers to pay accounts receivable on time. "That's helpful," you're probably thinking, "but how do I do that, exactly?" Here are five ideas that may help you improve accounts receivable collections.
The Start-Up Blues – How to Keep Motivated
Nationally and locally, business are facing hardships that we as a country haven’t truly had to face in a few generations and we’ve done our best to persevere, but that doesn’t always keep us from being pushed to the mat and the breaking point. The world where business credit was easy to acquire, vendors were lax in their collections, and the consumer was hungry for new purchases is long gone and the small business owner isn’t getting any true encouragement on what to do next.

Debt Settlement Sales Training
With the current economical downturn that the world is currently experiencing, there is a lot of debt going around. Debt collections are at an all time high and so are debt settlements. In some ways the debt settlement sales business is a lot like the liquidation business. One could even call it debt liquidation. Debt management brokerage firms have sprung up all over the place now days. While they have always been part of the landscape, recently they have come forward as a real possibility for earning an income from home or as a small business.

Home-based Business Idea: Antique and Collectible Dealership
Before you venture into a home-based business dealing antique collections and other collector’s items, it is important that you have prepared and planned for this few months or years earlier to allow you time to fill in your inventory room.
Debt Collectors should follow the FDCPA Laws
The Fair Debt Collection Practices Act (FDCPA) was shaped by the Federal Trade Commission (FTC) and passed by the Congress to ensure fair and lawful debt collections.
How to Qualify for Innocent Spouse Tax Relief
Taxpayers can get in tax trouble because of their spouses or (ex-spouse's) financial problems, but the good news is the IRS has guidelines for protecting innocent spouses. But innocent spouses must act quickly as they have just two years to seek tax relief from the time the IRS starts back tax collections. The clock is ticking for innocent spouses to avoid severe IRS back tax penalties. Get started today with these expert tips for qualifying for innocent spouse tax relief.
The Coin Laundromat Spring Bounce
The coin laundromat business is a very cyclical one, meaning that there are times when we can always count on heavy months (the winter time) and other times when the collections are a bit lighter than we would prefer (the summer). In an established coin laundromat, the gross revenue in the summer months is generally somewhere between 10 and 15% less than that of the winter months.

The Global Significance of Art
As an artist, I believe that art lives. There is the spirit of the artist in each original piece of art. Of this I am sure. Does the spirit move also into each reproduction? This I am not so sure of. What I do know is that a piece of art can stop one cold in his or her tracks or a group of people cold in their tracks. You can see this yourself whenever you go to a major museum where they have the masters in their collections. And, of course, contemporary artists can also stop people in their tracks. Art is powerful. I love being an artist. I love that what Kant said about come comparing artists to God. Of course, it all comes from God. Where art is concerned, globally, it is a small world indeed.
Spinning the Business with Brilliant Ecommerce Collections
Spinning your business with brilliant ecommerce collections is not an easy task because the designs for a particular web site should be taken seriously. It is recommended that you utilize a suitable website builder to make this particular activity less burdensome.

12 Questions About Your Sales Process
A sales process is defined as a customized, formal process including the sequence of steps, to-do's, milestones and goals that must be achieved during your sales cycle. And your sales cycle is one of four cycles in your business that impacts cash flow (the other cycles: make/prepare to deliver, deliver, billing and collections).
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