Last Updated: May 16, 2012
Article Archive — Collections
Tough Times Emphasize Sound Collections Practices
The Year That Is
By Ed Castagna
Moving past 2008 may seem like a good idea given all that has transpired, but judging from the early signs, we may not like what we see in 2009, either. However, modern science has not yet come up with a way to allow us to fast forward through the bad times, so it’s time to look 2009 squarely in the eye.
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Rethinking ‘Worthless’ Charge-Offs
Can a Pile of Uncollectibles Really Turn Into a Pot of Gold?
By Robert Boehm
In these days of thinning profit margins, selling so-called “worthless” charge-offs can produce another source of revenue for leasing companies. Since these sales are booked as recoveries, the proceeds go directly to the bottom line. That’s good news for those looking to enhance their annual profits.
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