The 5 Best (Worst) Excuses that Debtors Have Used on Why They Did Not Pay Our Clients
The 5 Best (Worst) Excuses that Debtors Have Used on Why They Did Not Pay Our Clients We often talk about overly serious topics when it comes to our legal podcasts, so today we wanted to take a break and look at some of the best excuses that debtors have used on why they…
What to Do if the Debtor Reach Out to You Once the Account is Turned Over
What to Do if the Debtor Reach Out to You Once the Account is Turned Over When people come to us to help collect from a client of theirs that broke an agreement, we always advise that you refer all communication back to us. There are many problems that can arise if you try…
If You Want to Collect the Balance That You are Owed, Do Not Deposit “Paid in Full Check”
If You Want to Collect the Balance That You are Owed, Do Not Deposit “Paid in Full Check” We have recently seen a trend with some of our clients who ended up in litigation after receiving a check from their clients saying “paid in full” and here is our first piece of advice: you…
Know Who You’re Dealing with and How to Relocate Your Signed Contract
Know Who You’re Dealing with and How to Relocate Your Signed Contract There is one piece of advice that we wish every client knew: always know who you are doing business with and get your contracts signed! If you think we sound like a broken record, you are not wrong, but it is shocking…
Wilson Cole Spotlight
Wilson Cole Spotlight By Rachel Woods In this interview Ally Cole speaks with Wilson Cole on the secrets behind his success. For a little background on Wilson, he founded Adams, Evens & Ross more than 2 decades ago, and the company has grown into the nation’s largest credit and collection company exclusively for the…
Just in Case You Missed Our 7 Deadly Mistakes Webinar
Just in Case You Missed Our 7 Deadly Mistakes Webinar Everyone is busy, we understand that better than anyone, so if you missed our webinar on the 7 deadly mistakes people make in the staffing and recruiting collections industry, here is a quick recap on what you missed! The first mistake that we often…
The Two Out of the Seven Biggest Credit Mistakes
The Two Out of the Seven Biggest Credit Mistakes If you know our company, then you are aware that for the past 27 years we have been advising companies on what we call “the Seven Deadly Mistakes in collections”. These are the most common and serious mistakes that we have seen in credit collections.…
The 7 Deadly Credit Mistakes
The 7 Deadly Credit Mistakes 1. The first and foremost mistake made by credit managers is their not requiring personal guarantees on the credited monies. In some cases, this is neither necessary nor practical, e.g., your client is The Coca-Cola Company. For monies loaned on credit to closely-held or medium-sized companies, the credit manager should…
Debt Adjustment: How it Works
Debt Adjustment: How it Works An important thing to understand is that any agreement or payment plan must go through the court system. This is not a punishment, but rather a safeguard that keeps both the lender and the borrower accountable under the supervision of the law. Once a company finds itself in too much…
[Collection Specialist] Why Recruitment Agencies Need It
[Collection Specialist] Why Recruitment Agencies Need It More times than not, a client will pay the staffing agency after they place an employee without any issues. Staffing agencies do, or really should do, most of the hard work in the beginning by drawing up a contract on how much the client will pay before…
Reasons for Counter Suits and the Additional Safety Net of Adams, Evens & Ross Collection Review
Reasons for Counter Suits and the Additional Safety Net of Adams, Evens & Ross Collection Review At any point in time, our company is dealing with about four hundred active lawsuits and three countersuits. Notice, our counter suits account for about 3% rather than the standard 10% of other companies. This is because we…
Going Old School: Getting a Credit App Filled Out First When Supplying Staffing
Going Old School: Getting a Credit App Filled Out First When Supplying Staffing One of the first steps you should take when signing on a new client to do contract or staffing work is to have them fill out a credit application. This may seem like an old-school idea, but it is imperative if you…
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