How To Tackle Uncollectible Accounts

How To Tackle Uncollectible Accounts

Uncollectible accounts, also known as bad debts, are receivables that a business is unable to collect from customers due to various reasons such as bankruptcy, financial difficulties, or disputes. These accounts pose a risk to a company’s financial health as...
5 Proven Auto Loan Delinquency Prevention Methods

5 Proven Auto Loan Delinquency Prevention Methods

According to an article by Federal Reserve Bank Philadelphia, auto loan debt is now the third-largest debt category after mortgages and student loans. The first quarter of 2023 saw a $10 billion increase in auto loans, bringing the total to $1.56 trillion. With the...
How Does Portfolio Recovery Work?

How Does Portfolio Recovery Work?

Portfolio recovery is the business of purchasing delinquent debt and then attempting to collect the money from the original debtor.  Companies involved in portfolio recovery are known as debt buyers. Portfolio recovery companies acquire large volumes of unpaid...