Articles by Amaya Woods
How much do debt collectors pay for debt?
In the complex world of finance, debt collection is a significant aspect that affects individuals and...
What happens when a debt is sold to a collection agency?
When unforeseen circumstances lead to financial struggles, managing debt can become a daunting challenge....
What happens if you don't show up to court for debt collection?
In today's world, being in debt is all too common, and navigating the legal system can be overwhelming....
What is a soft credit check? Soft pull vs hard pull
When applying for a business loan or credit card, you may encounter two types of credit checks: soft pulls...
Business credit scores: what they are & where to get yours
A business credit score is a numerical representation of a company’s creditworthiness and financial...
How to ask for payment professionally in message
Asking for payment can be a delicate situation, especially when dealing with clients or customers. Striking...
Early payment discount: what is it & how and when to use it?
In today's fast-paced business environment, managing cash flow effectively is crucial for maintaining...
What is a write off & how companies use it
Navigating the world of finance can often feel like entering a complex maze of terminologies. One such term...
What is an accounts receivable aging report?
What is AR aging? An accounts receivable aging report summarizes the age of outstanding invoices and provides...
Fair debt collection practices act (FDCPA): definition and rules
The Fair Debt Collection Practices Act (FDCPA) are the federal collection agency laws that protects consumers...
What is an accounts receivable journal entry? Quick guide
An accounts receivable journal entry is a critical component of the accounting process for businesses that...
What is accounts receivable factoring? Examples & benefits
Accounts receivable factoring is a financial transaction where a business sells its outstanding accounts...