Blog

Unpaid invoices are bad news for any business, as you need a steady cash flow to stay afloat: you need to have funds to pay your expenses, including suppliers and staff. It is, therefore, imperative for businesses to recover debts after a certain period of time. But when should you send someone to collections? The team at Coast To Coast Financial Solutions advise you to ask yourself the following questions to find out: TABLE OF

Debt collection can be stressful for both the debtor and the debt collector, and it often involves calls and emails that are unpleasant for both parties. However, learning a few best practices can help alleviate stress and make the process smoother. Ultimately, this will lead to successful debt collection! In this article, our debt collection agency has put together tips for successful debt collection by phone and email. Read on to find out how better

The debt collection industry has changed significantly in recent years: the pandemic, new regulations, and evolving customer behavior have all had an impact on the way debt recoveries are handled. But the transformation of the industry doesn’t stop there as we can already see in 2022, new trends are emerging to shape the way collections agencies work. In this article, the experts at Coast to Coast Financial Solutions have compiled the key trends to watch

Although most businesses want quick debt recoveries, debt collection is a delicate process, and as a client, you should work with a debt collection agency that provides a professional service. Especially in light of CFPB’s new debt collection rule or The Debt Collection Licensing Act in California, your debt recovery agency must be up-to-date on the changes in regulations that affect how they can operate. Curious what these regulations entail and what they mean for

If you often encounter overdue accounts or slow payers, it may have a negative impact on the business. Even if you keep a strict credit check on the credit standards of your clients, it may happen to you. That is to say, nonpayment issues are common when it comes to collecting a debt. Pay collection might have become a constant problem for your business. In that case, maybe it is time you should consider hiring