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Confront your need for effective collection of past-due receivables.
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Business is built on trust. When your company delivers goods or
services, the strong expectation is that payment will follow. Business
goes best when a job well done results in prompt, full payment. It is
a fact of business life, however, that sometimes customers do not pay. |
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 No company is immune to the ravages such customers can
cause. Potential responses to non-payment of legitimate business debts
are always complex, usually sensitive and sometimes emotional. The
reputations of both parties are drawn into the discussion. Your staff,
whose skills and responsibilities lie elsewhere, becomes involved in a
difficult situation they did not create. Ignoring the problem is not a
solution either. Overdue receivables diminish your profits, and simply
writing off debts is poor business practice. As with many other
complex, highly specialized business functions, referral of your
collections to an attorney who does nothing else is delegation of the most
profitable sort.
The Law Office of Calvin Dean Homolka II
has demonstrated time and again the efficiency, economy, and bottom-line
benefits available to you and your business when you utilize the firm's
professional collection practice.
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Make Homolka part of your business team.
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simple guide which bankers use to determine the value of receivables speaks
volumes about the importance of timely collections.
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Banks believe that long-overdue receivables are
essentially worthless. Typically, a bank might loan 75% on fresh
receivables but only be willing to loan 50% on 60 day old receivables.
When those same receivables are 90 days old, the banker considers them
worthless collateral.
Obviously, the sooner you turn your past-due accounts
over to us, the greater the likelihood of collection. Our experience
has shown that when receivables are turned to us at 90 days, overall creditor
satisfaction increases significantly, especially since - in that effect- any
money obtained after that date is money that would likely not have been
collected without professional intervention.
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