Is Accounts Receivable a Debit or a Credit?
When it comes to understanding accounting, the terms “credit” and “debit” often create confusion, especially in the context of accounts receivable management. Keeping the financial records accurate is a significant step in accounts receivable...
Auto Loan Delinquency: Strategies for Consumers and Lenders
According to a recent article on Forbes Advisor, late auto payments hit the highest peak since the 1990s. The rate at which borrowers are defaulting on auto loans is at its highest point in 27 years. With the rising count of auto owners, auto loan payments appear to...
Debunking Patient First Debt Collection
Patient-first debt collection is an approach to debt collection that prioritizes the well-being and financial stability of the debtor. It involves understanding the debtor’s situation, providing empathy and support, and working collaboratively to find solutions....
Recent Comments