Even if you’ve heavily invested in planning and researching for your business, sometimes things will go wrong, or you’ll find yourself in a situation you didn’t anticipate. Unexpected bills, a shortfall in customers, or changes to the market can land your business in debt. So, if things don’t go to plan and your business ends up in such a scenario, how can you deal with … [Read more...] about How to Deal with Business Debt
Debt
Effective Approaches to Negotiating Business Debt Settlements
Debt settlements are often unavoidable when navigating the delicate waters of B2B commercial debt collection. Occasionally, an account will be challenging to collect and will require litigation, but that is where the customer relationship takes a huge hit. But if there is one thing that Cedar Financial excels at, it is preserving your customer LTV (Lifetime Value). … [Read more...] about Effective Approaches to Negotiating Business Debt Settlements
How to Pay Off Debt in Collections
Imagine a tranquil pond, untouched, and its water pristine. As time progresses, a stone is tossed into this pond, creating ripples that distort its stillness. Your financial life is this pond, and debt is that disruptive stone. When we let these ripples amplify, they transform into overwhelming waves, such as accounts heading into collections. Much like the ripples in the pond, … [Read more...] about How to Pay Off Debt in Collections
Tips to Pay off Your Debts Faster
Debt, when not managed with discipline, has the potential not just to hamper your finances but also ruin your credit score. You can check the impact of debt on your credit profile by downloading a free credit report from any credit bureau or financial marketplace. On your report, you can check the number of active credit accounts, payment history, credit utilization ratio, days … [Read more...] about Tips to Pay off Your Debts Faster
The Benefits of Debt-Free Living
The benefits of debt-free living might seem irrelevant if you have long-standing loans or can only afford to pay the minimum amount on your monthly credit card bill. But, understanding the positive impact clearing debt has on your life could be the incentive you need to take action. Debt resolution services can help you take steps toward financial freedom. Your life becomes … [Read more...] about The Benefits of Debt-Free Living