If you have decided to invest in real estate, you’ve made a great choice; this could be a long-term income opportunity for you if you purchase a property as an investment. However, there’s so much more to owning property than buying it. Presented by D2R-collect, here are some tips on how to find and then manage the investment property you’ve been searching for. Learn the basics of real estate investing Real estate investing can be a great way to diversify your portfolio and make long-term gains. It involves purchasing, managing, and monetizing property in order to generate income or grow its ..read more

With growth slowing, climbing interest rates, and slowdowns in consumer spending, a recession may be near. Take steps now to prepare for an impending economic downturn and, in the process, set yourself up for financial comfort through the worst of it. Get a Tighter Rein on Your Household Budget Food prices are up more than 10% from last year. Gas prices are up nearly 60%, and rent prices are up 13.4%. As if these figures aren’t alarming enough, there is no indication that they’re going to plateau any time soon. If your household is already struggling, know that times are only going to get ha ..read more

As a small business owner, making sure you maintain a healthy amount of capital at all times is one of your top priorities. But how can you ensure you always have enough cash flow to keep your company going and growing? Here are some strategies that will help you better monitor your finances and save you money: Keep on top of your receivables and overdue bills One of the biggest pitfalls in keeping a healthy cashflow is staying on top of your billing and receivables. It is very easy to lose track of your unpaid bills. You need to be proactive in continuous follow up by tracking all activitie ..read more

One of the most uncomfortable situations small business owners face is when good customers fall behind on payments. While getting paid in full is understandably a priority, you need to handle your attempts to collect what’s owed carefully so you don’t risk losing a valued client. Here D2R-collect shares some tips for limiting your exposure to late payments, as well as how to work with customers who are slow at paying up. Set Clear Parameters Gone are the days when a deal was sealed with a handshake. In modern business, even the simplest transactions are best completed under clearly defined co ..read more

Countless small businesses have been impacted by the pandemic in one way or another, and 53 percent say it could take at least six more months before things will return to how they were prior to COVID-19. But in the meantime, there are several steps small business owners (SBOs) can take to keep their companies alive and growing throughout COVID-19 and beyond. The team at D2R-Collect shares them in the sections below! Compare SBA Disaster Loans Applying for an SBA loan is just one of the steps SBOs can take to keep their businesses afloat throughout the pandemic, as several financing options a ..read more

Late tenant payments are a fact of life when you are a landlord.  However, it will be that much easier to manage such late payments and follow up with tenants if you have a building management portal at your disposal. As an example, the D2R-Collect application makes it that much easier for property managers and property management companies to manage such late payments.                       No Late Payments Will be Forgotten The best building management portals are complete with payment and caller schedules. These sc ..read more

CIAL Dun & Bradstreet and D2R-Collect have joined forces to deliver an effective and efficient Debt Recovery Solution for its team of Collection Agents across Latin America. This relationship enables CIAL to provide its thousands of clients with an intelligent, user-friendly debt recovery platform, and for D2R-Collect to enhance its reputation as a market leader in collections technology. CIAL Dun & Bradstreet is uniquely positioned to enable millions of businesses to make confident risk decisions with reliable and comprehensive information. With a strong presence across 43 countries ..read more

Traditionally a call-and-respond industry, collection agencies have recently automated a few aspects of their processes. Chatbots and interactive voice response systems have made communication between agents and debtors a lot easier. Opt-in short message (text) services and website portal negotiators are other innovations that have completely changed how collectors interact with clients. More AI tools are on the way, which will further increase automation in the industry and reduce the room for error. We envisage AI particularly playing a big role on two fronts; AI in customer-facing collect ..read more

Medical debt is unique among consumer debts because it’s rarely taken voluntarily. Indeed, sometimes the debtor isn’t even conscious when the debt is taken. Nonetheless, this is one of the biggest challenges for hospitals and other health facilities in the US; at least 32% of Americans owe some form of medical bill or debt (NPR puts the figures at 42 million). More than 28% of these people have medical debts exceeding $10,000; up to 54% have defaulted. Usually, health institutions deal with debt recovery internally. Most hospitals have dedicated collection agents who attempt to recover amount ..read more

COVID-19 has forced a lot of people to work from home. Industries such as technology, art, and even debt collection, where the worker doesn’t need to be physically present at the office to complete their tasks, are especially encouraging and even equipping staff to adapt to this new norm. Pros and Cons of Working from Home The biggest benefit of working from home during the COVID-19 pandemic is the reduced risk of catching and spreading the virus. Moreover, other benefits beyond the containment of COVID-19 include: Less time on the road: According to the Texas A&M Transportation Institut ..read more