Attorney vs collections

Adams, Evens, & Ross Newsletter #12: ATTORNEY VS COLLECTIONS

I have been asked more than once, “Why should I use Adams, Evens & Ross instead of a law firm?” My answer may surprise you, but I promise that if you continue to read this note you will pick up a few valuable insights and this article will not be a five-minute commercial for Adams,…

Prosecuting bad checks

Adams, Evens, & Ross Newsletter #11: PROSECUTING BAD CHECKS

“Can I prosecute someone if they give me a bad check?” The answer is…it depends. For starters, it depends on which state you live in. In a few states, it is not a crime to write a bad check. But in most states, you do have recourse, although the penalties vary. The Bad Check laws…

Reduce credit risk

Adams, Evens, & Ross Newsletter #10: HOW TO REDUCE CREDIT RISK

I am asked at least once a week what are the three things I can do today that will help reduce the chances that I will not get paid by one of my clients. The answer is pretty simple, and I assure you that if you took an extra 10 minutes to follow my advice…

Staffing firm has a credit and collection problem

Adams, Evens, & Ross Newsletter #9: HOW DO I KNOW IF MY STAFFING FIRM HAS A CREDIT AND COLLECTION PROBLEM?

Owners of staffing firms repeatedly ask, “How do I know if my staffing firm has a credit and collection problem?” To respond, I asked our credit risk department at Adams, Evens & Ross to create a test to rate a staffing firm’s exposure to credit risk. The department was thorough and produced the following evaluative…

Name clearing

Adams, Evens, & Ross Newsletter #8: NAME CLEARING

I wanted to take a moment and share with you a disturbing trend that I am starting to see more frequently. My company has collected well over 100 million dollars and I have to admit I have seen just about every collection scenario imaginable but they are isolated. Very few times in my collection career…

Stage chronology of a company that goes out of business

Adams, Evens, & Ross Newsletter #7: ANALYZE THE 4-STAGE CHRONOLOGY OF A COMPANY THAT GOES OUT OF BUSINESS

I had a mid-size staffing firm client of mine called me last month with a very good question. His company just had a client who owed about $8,000.00 go out of business before paying. The question to me was, “How do I know if a company is about to go out of business?”   Let…

Strange things you need to know

Adams, Evens, & Ross Newsletter #6: 10 STRANGE THINGS YOU NEED TO KNOW

We at Adams, Evens, & Ross want you to succeed whether you use our collection services or not. My job is to make sure that the Staffing and Recruiting Industry has all of the knowledge to stay safe and secure from bad debt and reduce your credit risk. I want to bring attention to some…

Free tools from AER

Adams, Evens, & Ross Newsletter #5: 5 FREE TOOLS FROM ADAMS, EVENS, & ROSS

I typically do not push Adams, Evens, & Ross services or products in the articles that I write, and I hope that you will not view this article as a self-promoting editorial but I wanted to take a few moments and bring to your attention some of the FREE tools that you have at your…