Debt Collecting Q & A - Issue 5

Written by Jim Finucan


Continued from page 1

But don’t get me wrong. Sometimes you need to putrepparttar squeeze on. However, do hear them out first. Clients need to be listened to! Your company should have a collections policy

that is both specific and flexible or you are likely lose clients to someone who does make an effort to understand and accommodate special debt situations.

Before you turn things over to an attorney giverepparttar 106305 customer an agreed upon deadline by which you need a certain amount to be paid, otherwise you’ll have to get your attorney involved. Let them knowrepparttar 106306 situation can’t be left up inrepparttar 106307 air for too long. This approach increases your chances of having a repeat customer – one who may even refer associates to you. A little understanding and compassion can go a long way towards helping your business succeed.

(end)



Jim Finucan is a 13-year collections veteran and author of “Past Due – A Debt Collections Manual.” Details on this powerful money-collecting tool can be found at: http://www.tiare.com/pastdue.htm


Recouping losses and Cutting Expenses

Written by Mark Askew


Continued from page 1

Recouping Investment Losses Oftenrepparttar key to recouping investment losses is to bail out beforerepparttar 106304 ship goes down. If you see large sums of money going downrepparttar 106305 drain it's time to find an alternative investment approach. You may want to divide your investment money between brokers and corporations and industries for a time to see which performs best. RefinanceLoanRates at http://www.RefinanceLoanrates.com reports high gains forrepparttar 106306 real estate financing industry, mortgage bond and other finance sectors compared to many equity market sectors. Real estate holders are using innovative ways to recover losses due to recent stock investment failures from shaky corporate share reports. One option is short-term financing programs that allowrepparttar 106307 consumer to pocket funds for immediate alternative investment purposes. Many applicants are repeat refinancing, having refinanced as early as a year ago. When choosing alternative investments make certain thatrepparttar 106308 acquisition of gains will be at an acceleration equivalent or exceedingrepparttar 106309 deceleration of investment losses.

If you have suffered investment losses and can prove this resulted from relying on a firm’s advisory and management you may have a chance of recouping at least a portion of your losses. To accomplish this you may have to go through arbitration or other legal process.

Another avenue to recouping losses often not considered is reducing trading transaction costs. Unlike trading returns which are uncertain, transaction costs are 'certain' costs. Certain costs can be controlled. Consider reducing transaction costs when and wherever possible. Set up and stick to a strict limit order and stop loss regime. Following these basic cost reduction and revenue recovery methods can help your business survive for generations to come.



Mark Askew is founder editor and publisher for RefinanceLoanRates.com. A daily financial resource and commentary journal.


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