When dealing with unpaid debts, it can be tempting to jump straight into legal action. However, before you take that step, having a clear understanding of the pre-litigation process is crucial. As a commercial creditor, your goal is to recover what’s owed to you in the most efficient and cost-effective way possible. A pre-litigation checklist...Read More

When lending money to a business, creditors want to know if that company is in a strong financial position to repay its debts. One key metric that plays a vital role in evaluating a company’s financial health is its Debt-to-Equity Ratio (D/E ratio). Understanding this ratio gives creditors a snapshot of how much debt a...Read More

Running a business comes with many challenges, and managing credit risk is one of the most important. Whether you’re dealing with customers who take out credit lines or working with other companies on credit terms, having a well-defined credit policy is essential. But here’s the big question: how often should credit policies be reviewed and...Read More

In the world of business, protecting your financial interests is crucial. One of the most effective ways to do this is through a thorough credit investigation. When you’re considering doing business with a new client, understanding their creditworthiness can help avoid financial risks down the line. This is especially true for small businesses, where even...Read More

When a business borrows money, it often secures the debt with an asset. This ensures the lender has some form of security if the borrower fails to repay. One common method of securing debt is through a lien. But what exactly is a lien, and why is it so important for credit and debt collection?...Read More

Why a Good Credit Policy Matters If you extend credit to customers, you need a clear credit policy. A good policy helps protect your business, avoid confusion, and reduce legal problems. It also improves how you manage debt collection. Many businesses in Jacksonville, Florida, operate without a strong credit policy. That leaves them open to...Read More

Running a business involves countless decisions, but one of the most critical yet often overlooked decisions revolves around your client base. When you’re just starting, it might seem sensible to focus all your energy on landing a few big clients to stabilize cash flow. But what happens when these clients make up the majority of...Read More

In recent years, the focus on Environmental, Social, and Governance (ESG) factors has grown significantly. What was once seen as a niche concern is now central to business decision-making, especially in the realm of lending. Commercial creditors—whether they are banks, private lenders, or other financial institutions—are increasingly incorporating ESG considerations into their credit evaluation processes....Read More

When a key debtor files for bankruptcy, it can feel like a punch to the gut for any business. The financial strain, the uncertainty, and the anxiety about what happens next can overwhelm even the most experienced business owners. You may have worked hard to build a relationship with this debtor, and now you’re left...Read More

Managing overdue payments is tough enough when dealing with local customers, but what happens when the customer is overseas? International debt collection presents its own unique set of challenges that can complicate the process and delay payments. From legal hurdles to cultural differences, the obstacles can seem daunting. However, with the right approach, businesses can...Read More