debt Archives - The Invest Blog

What is Debt Settlement, and when is it Useful?

Millions of Americans live life under the shadow of their debt. Living life paycheck to paycheck and handing over huge chunks of your salary to creditors each month is a sad reality for many, and often it can feel like there’s no way out. If you’ve got more debt than you can realistically pay off, one of your options is to enter debt settlement negotiations. Settling a debt basically means that you persuade a creditor to accept a final payment from you (the consumer), which is less than the amount you owe. This, however, is easier said than done. It…

Debt Collection: Things to Consider

Unfortunately, circumstances can sometimes make it very difficult for a business to pay its suppliers, contractors, or other people to whom many is owed. As a business owner yourself, this puts you in a difficult position – after all, you have your own bills to pay and a non-paying customer can make things very tight. It may be that that the debtor has basically decided not to take responsibility for their debt, in which case your best option maybe to use a professional collection agency like Brennan & Clark. However, are some things you can do first before it gets…

How To Increase Debt Collection Success Possibility

Debt collection is a huge challenge for a business. It does not matter what industry the company operates in. There are so many debtors that have problems in getting all the money that is needed to pay outstanding balances. Others do not even care about it and differentiating between these 2 is complicated. The truth is that debt is debt and it needs to be treated properly. Debt collectors do know what it takes to recuperate amounts owned but most business owners do not know much about this process. It is really important that you know as much as possible…

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