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Mountain States Commercial Credit Management – elevated credit and collection services since 1988. Call us to improve your cash flow.    800-457-8244

Mountain States Commercial Credit Management Blog

Stay informed with the latest news from Mountain States Commercial Credit Management

What is OFAC?

Posted October 19, 2017 | Comments Off on What is OFAC?

What is OFAC and what does it do? The Office of Foreign Assets Control administers and enforces economic sanctions programs primarily against countries and groups of individuals, such as terrorists and narcotics traffickers. The sanctions can be either comprehensive or selective, blocking assets and enforcing trade restrictions to accomplish foreign policy and national security goals….


Ever Thought of Outsourcing Your 60- and 90-Day Receivables?

Posted September 18, 2017 | Comments Off on Ever Thought of Outsourcing Your 60- and 90-Day Receivables?
Black hourglass with white sand and money on wooden table

Slow-paying customers are not fun to deal with, and tracking them down is even less enjoyable. But to recoup what you’re rightfully owed, you’ve got to do so much more than send simple reminders or wait for them to be another month late before sending them to collections. Working to receive these payments, of course,…


Credit Industry Update: New NCAP Rules

Posted September 1, 2017 | Comments Off on Credit Industry Update: New NCAP Rules

National Consumer Assistance Plan (NCAP) rule implementation has begun, but is your business meeting the new standards? Here’s what you need to know about the upcoming September and February deadlines.


Experian Mobile App Launch

Posted August 25, 2017 | Comments Off on Experian Mobile App Launch
experian

Experian’s new BusinessIQ Mobile application is the perfect partner to its BusinessIQ software, and the combination offers credit professionals everything they need for faster application turnaround time, reduced credit risk, and real-time credit information at their fingertips. What could the app do for your business?


Is it Time to Call in Credit Management Professionals?

Posted July 14, 2017 | Comments Off on Is it Time to Call in Credit Management Professionals?
credit-management-superhero

Do you have past-due credit accounts that you’ve tried everything to collect on? Perhaps you’ve given debtors reminders, warnings, written demands, calls, and maybe event in-person visits — but you still aren’t getting any responses. To get the most out of your overdue accounts, you’ve likely exhausted all your options. The next logical plan of…


Collection Agencies: Friends or Foes?

Posted June 21, 2017 | Comments Off on Collection Agencies: Friends or Foes?
good-versus-evil

If you have heard anything about commercial collection agencies, chances are it was not necessarily positive. Maybe you heard collection agencies are expensive or their employees ruthless — or perhaps that they are simply unnecessary. As a result of these misgivings, collection agencies often suffer poor reputations. However, these agencies and the professionals their directors…


How to Protect Your Firm from Common Fraud

Posted May 17, 2017 | Comments Off on How to Protect Your Firm from Common Fraud
Business Fraud

Unfortunately, some fraud likely exists in your firm right now. Do not wait until you identify a problem to take action and protect your assets.


Employ Effective Conflict Resolution and Communication

Posted May 1, 2017 | Comments Off on Employ Effective Conflict Resolution and Communication

Conflict with customers, particularly over broken promises or missed payments, is unavoidable. No matter how great your customer service, employee relations, prices, or services are, it’s inevitable: Someone will be dissatisfied — and tempers may even flare. Instead of avoiding conflict, you and your staff members can use effective conflict resolution skills to help resolve…


What Does Credit Management Training Have to Do with Your Bottom Line?

Posted March 29, 2017 | Comments Off on What Does Credit Management Training Have to Do with Your Bottom Line?
training

Company owners often underestimate the effects of proper training on their employees — and especially on their bottom lines. How could excellent credit management training can help increase your profitability?


A Quick Introduction to the Mechanic’s Lien

Posted March 23, 2017 | Comments Off on A Quick Introduction to the Mechanic’s Lien

It isn’t uncommon for business leaders to provide services or products to customers on credit. But when subcontractors complete work only to discover that their payments won’t arrive as agreed, credit managers need to act. On construction projects, one good place subcontractors and suppliers can start is obtaining mechanic’s liens. Timely filing is key Most…