How Does Portfolio Recovery Work?

How Does Portfolio Recovery Work?

Portfolio recovery is the business of purchasing delinquent debt and then attempting to collect the money from the original debtor.  Companies involved in portfolio recovery are known as debt buyers. Portfolio recovery companies acquire large volumes of unpaid...
How Does Medical Debt Affect Your Credit Report?

How Does Medical Debt Affect Your Credit Report?

According to a report published by the Kaiser Family Foundation, Americans owe at least $220 billion in medical debt. In the United States, approximately 14 million people have medical debt exceeding $1,000, and approximately 3 million have debt exceeding $10,000. The...
Top 10 Accounts Receivable Process Improvement Ideas

Top 10 Accounts Receivable Process Improvement Ideas

In today’s fast-paced environment, efficient management of accounts receivable is crucial for the financial stability of an organization. Even if your company is effective at collecting outstanding payments, the duration and effort required for this collection process...
Effective Management of Gym Memberships

Effective Management of Gym Memberships

According to IHRSA’s Global Report 2023, approximately 80% of the IHRSA member clubs anticipate revenue and membership to increase by more than 5% in 2023. With increasing membership and revenue, it is very significant for gym owners to focus on efficiently managing...