What is debt capacity? Debt capacity is the ability of a business to meet its financial obligations when they are due without causing insolvency. It’s the amount a business can borrow without putting the company in a financially bad situation.

Our very own Julia is excited to be participating in an upcoming AccountsRecovery.net webinar! It will be held on Friday, February 17 at 1pm ET. The topic is, "Creating Digital Collection Messages That Consumers Will Respond To." Click to register: us02web.zoom.us/webinar/regist…

Nearly all businesses will accrue some outstanding debt, and it is inevitable for some of those debt payments to be past due. Usually, you will have 90 to 120 days to pay.

Please join us in congratulating Julia! She has been promoted to VP of Client relations. We are so grateful to have Julia as a valued member of our team!

How can you use machine learning for receivables management? Our latest blog explores how ML can transform AR management and help your organization stay ahead of the game! capitalrecovery.net/blog/how-can-m… #CRC #debt #collection #recovery #machine #learning #receivables #management #blog

When hiring a collection agency, it's important to know what you want to achieve. Debt collection agencies are focused on recovering anything that is overdue from clients of your business. Companies tend to reach out to collect your unpaid accounts in a range of ways.

Many businesses hesitate to hire a collection agency, thinking that their debtor/patient will pay their bill sooner or later. The fact is that the more you wait, the chances of getting paid drop by almost 10% each month. CRC is ready to help you! #CRC #debt #collection #agency

Did you know? Machine learning algorithms can identify patterns in customer behavior, such as frequency of payments, amount of payments, and communication response rates. By analyzing this data, companies can better understand their customers’ payment habits.

Many people are taking a hard look at their personal finances and deciding whether or not they can afford some of the things they’ve been doing for years. In fact, 30% of people have started purchasing less, while 28% purchase consciously with the threat of recession.

At CRC, we work alongside lenders and debtors to mediate a favorable debt repayment option that’s realistic and achievable. Our team helps debtors to manage their finances while prioritizing paying off their debts and, in turn, helps lenders register a high recovery rate.

In our newest blog, we explore how debt collection can affect your credit score and what you can do to minimize the impact and get back on track toward a healthier financial future. capitalrecovery.net/blog/how-can-d… #CRC #debt #collection #recovery #blog

A late or missed payment can lower your credit score by up to 100 points, depending on the length of time since the missed payment. According to FICO, payment history makes up 35% of you of your FICO score, so even one late payment can have a significant impact.

At Capital Recovery, we work with the debtors and lenders to come up with a feasible repayment strategy that recovers the debt while helping the debtors regain their credit scores sooner! #CRC #debt #collection #recovery #credit #score

To reduce the amount of bad debt at your business, put into place policies that encourage payment and deter non-payment. Sounds easy, right? With Capital Recovery, it will be! Reach out today! #CRC #debt #collection #recovery #business

Taking action and making sacrifices for cash flow could be the very difference between a few years and a few decades for your business. Need help with your cash flow? Contact us to get started. #CRC #debt #collection #recovery #cash #flow #business

Here's a tip! A savings account for your business is just as necessary as the one you keep personally. Always make sure you have something to fall back on when things fall through. That will keep your cash flow at a healthier rate than operating from zero at all times.

In our newest blog, we’ll look closer at Visa’s new rules for debt collection and repayment of overdue receivables. We’ll examine how these changes will impact collection agencies and individuals alike. capitalrecovery.net/blog/new-rules…

Dealing with debt can be an overwhelming process. With CRC, we are understanding and compassionate while helping you move forward. We are ready to talk through questions and strategies. Together, we can provide an environment where you never feel alone in your journey.

With Machine Learning models in place, businesses can leverage data to automatically identify and manage bad debtors, reduce manual processes and paperwork, and increase overall collections.

Effective communication during debt collection can make all the difference and often involves understanding unique situations and negotiating a payment plan that suits both parties. At Capital Recovery, we pride ourselves on our excellent communication skills.