accredit Business Credit Reports Blog

You are running a successful business and everything seems to be going just fine until suddenly your customers are not paying you as quickly as they used to. This hurts your cash flow and makes it more difficult for you to pay your bills. Suppliers start to get nervous and stop shipping products. You have […]

You want to get paid. If possible, you also want to maintain a good relationship with your customers. However, you have got bills to pay too. If your customer is not paying you for the products or services you have provided, they are the ones who are putting the relationship in jeopardy. Any time you […]

Sometimes it all takes is a gentle reminder to get paid. Other times, not so much. Start with a friendly email or two in case someone forgot to pay, misplaced your bill, or is having some difficulty. If they do not respond, use our sequence of emails to escalate the tone in a professional manner. […]

We have all been there. You sell something or provide a service and extend credit to your customer. Then, they take their time to pay you or do not pay at all. It hurts your cash flow and distracts you from your paying customers. On top of that, there is the time and effort it […]

When writing a collection letter, there are three key components: Tone Content Consequences Each will vary depending on the amount owed, how long the debt is past due, and your prior working relationship. Tone You always want to be professional and polite, but you want to remind your client that you expect to get paid. […]

If you are doing business with a company and plan to offer them credit, you need to ensure you will be paid on time. This is especially important in today’s shifting economy. More than 100,000 businesses are expected to close their doors during 2020 because small businesses and major companies have been forced into bankruptcy […]

If you are extending credit to customers, you need to ensure they will be able to pay their bills promptly. If you are working with a vendor or supplier, you need assurance that they are financially healthy so you know they can deliver on their commitments. If you are planning to apply for a business […]

If one of your customers has filed for bankruptcy or is seriously delinquent paying its bills, you would want to know before extending credit. If the company is not paying other businesses on time or has pledged its assets as collateral against loans while continuing to rack up debt, it would be helpful to know […]

The concept behind most business transactions is simple. Buy products at a low cost, sell them at a higher price, and keep the profit. If only it was that simple.  In today’s complex economy, there are many more things to consider. 2020 has proven that. We have seen a record number of businesses close their […]