Flathmann & Stern

Debt Collection Blog

Collection Agencies Lose Money

When a collection agency takes on a new claim they are immediately in the red, meaning they lose money. It costs money to research a claim and to be successful you must do your due diligence and learn as much as you can about the debtor. It is a gamble Read More

An Introduction to Debt Collection

It is not easy to get struggling businesses to pay you, albeit you are rightfully owed this money. Do you think you are the only account wanting to get paid? Hardly, they most likely have dozens of Read More

Debt Collection Letters

Debt collection letters can be very productive if they are created properly. The only problem is, that many people do not know how to write a proper collection letter and in turn do more damage than good. A good collection letter can be like a silver bullet against bad Read More

Debt Collection: Decision Day

Today we will talk about the importance of having a D-Day or decision day in regards to debt collection. This is the day that you move forward in the collection process and start actively collecting the debt. If you do not have a deadline for collecting your debt, then you are liable to get your company into some difficult Read More

Debt Collection and the Power of Urgency

When debt collection is performed with a sense of urgency, then the chances of actually recovering the bad account increase exponentially. There are many reasons for this, but let us analyze a few of these reasons. Read More
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