Your small business accounts receivable and debt collection solutions...

Small business often faces big problems when it comes to accounts receivable and debt collections issues. Most of my articles are directed toward educating you on how to do things yourselves, and a little bit about how we can help you beyond that. 


Excuse me if this article is a bit self promoting, but what we offer to small businesses, professional service firms and freelancers is so unique and hard to find that if I don't toot our horn once in a while too many hard working businesses will lose money to difficult clients.



Here are some of the common problems you're facing, followed by the solutions (that's where we come in).  


If you're having one of these problems, match it up to its solution in the list below:


1.)  Accounting functions aren't your specialty.  Especially when it comes to asking for money.



2.)  You cannot afford experienced staff to do the tasks.  You don't have the square footage, payroll space, and don't want the cost and risk involved with bad hires.



3.)  Debt Collection agencies won't help you because you don't have hundreds of accounts to place, or your balances aren't sufficient.



4.)  You don't want to deal with the extra time and hassle of dealing with a debt collector company where you have to talk to a salesperson and don't know who is actually collecting your accounts and dealing with your customers.



5.)  You think that having a "collection agency" call your customers will hurt your relationships or reputation.



6.)  You're writing off costly losses at the end of each year and losing hard earned profit that you could be using to grow or simply sustain your business.



7.)   Your dealing with anger and stress over large balances that a client or clients owe you but you just don't know where to turn.



8.)  You think that getting a lawyer to litigate, or going to small claims court, will help your chances of recovery.






The solutions and how we can help you in an easy and cost effective way;



1.)  We know the best practices for accounting and back office procedures.  Having been in between hundreds of companies in dozens of industries, we've seen it all and know what works best for your specific type and size of business.   We are also well versed in accounts receivable and collections.  


We know how to speed up receivables and get you a cash infusion from your more delinquent and difficult customers.  We'll maximize every available dollar that's humanly possible to get into your bank account as soon as possible!



2.)  When Cambridge Receivable Solutions is your trusted accounts receivable and collection department, we represent you with expert level experience.  The person representing your business is professional, intelligent, and works with only your overall best interests in mind.  Our debt collection services are No Recovery = No Fee.  That means FREE if you don't get paid.  No more money out of your pocket.  


We'll get ourselves paid out of the recoveries at a rate that makes sense to your bottom line.  Our other services such as collection letter services and consulting offer easy to notice return on investment.  Either way the knowledge we pass along while working your accounts will pay dividends for as long as you do business.  



3.)  We accept single placement accounts because we care about small business. While we specialize in large balance claims we do accepts some minimum balances of $800.00 and there are some cases we won't accept, but we'll do everything possible to make sure you get the best information and solutions.  We want to help as many good businesses as possible get paid!  We take that seriously.



4.)  When you deal with us you are dealing with a small professional service provider. That's right we are a small business too.  We aren't a giant call center.  We are customized to help your business.  You'll deal directly with your personal cash flow consultant who will advise you on all aspects of your business AND be the one who deals with your customers!  This is the only way for small and professional businesses to go when it comes to debt collections.



5.)  The term debt collector or collection agencies comes with negative connotations thanks to the scores of low experience collection personnel employed by large corporations and predatory lenders.  Don't let that cost you money. I have created a professional option for small businesses to maximize their profits, keep their reputations and relationships in tact; all while making sure you're not going to go out of business due to losing hard earned money that you should have already.  


You can trust us to represent you strictly professionally and within the law.  We don't add to your headaches, we remove them!



6.)  The money that you "don't have time to deal with" or write off every year because you "don't think they'll ever pay" is the same type of truckloads of cash that we recover for your competitors.  This is such a misunderstood area of business.  It's no wonder that it puts so many new or small businesses OUT of business.  Let us put the money you deserve right where it should be, in your account.  All while you continue doing what YOU specialize in and getting more paying customers.



7.)  Too many small businesses have accounts receivable and debt collection issue skeletons in their closet.  Many times the business owner feels they did something wrong.  The past due client has a way of manipulating and stalling businesses into just never following up.  We know the way they operate.  We know how to get you what you rightfully earned, and show you how to strengthen your processes so you minimize coming across these difficult types as much as possible.  


The stress, anger and confusion can be bad for your health and your business. Offload this small percentage to us.  Dealing with them is our specialty.  That's how we add real value to your business.  It's not glamorous but someone has to do it.  We take pride in getting the good guys paid, the right way!



8.)  We are successful in recovering past due debts more often than winning a judgment in court is.  Not to mention it's costly, time consuming, very risky, and also is not even a viable option 98% of the time.  Let us orchestrate a pre-legal attempt.  If that doesn't work, and we think there is money to be had.  We'll let you know your next best option.  That shows good faith on your part!



So long story short, get to know our services.  No one has ever had less for having us as their secret cash flow weapon.


I'd love to have a no pressure, casual conversation about recovering your past due balances, strengthening your contracts, and making sure you have the fastest possible access to your earned income in the future.  




Author's contact information:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
or 
Toll Free: 1-888-908-3905  x 101
jlindsey@c-rsolutions.com
info@c-rsolutions.com

www.c-rsolutions.com 















 
 
Those accounts receivable and debt collection issues are not going to resolve themselves when ignored.  Instead they will continue to grow, compound, and decrease in value resulting in unnecessary losses of what should have been your hard earned profit.  


I've handled cash flow process improvement and accounts receivable collections for dozens of industries and enjoy sharing my experience with quality business and creative people. In my 17 years I have recovered tens of millions of dollars for my clients with NO ill effects whatsoever.  


I offer a free confidential online consultation form to allow me to reach those who can benefit from my expertise.  There is no sales funnel or obligation.  Once I receive your completed form I will assess the situation and offer my best advice whether it involves my services or not.  I offer this as a way to build new relationships, show transparency and build trust so that I can attract clients who will need and benefit from what I offer.

I add value to your company and work efficiently so that there is no risk whatsoever in having me involved with your business.  You do however run the risk of having quite a bit more time and money on your hands and experiencing less headaches.


I look forward to hearing how I can help your small business.  












Author's contact information:


Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
or 
Toll Free: 1-888-908-3905  x 101
jlindsey@c-rsolutions.com
info@c-rsolutions.com

www.c-rsolutions.com 
 
 

A perfect collection agency for small business? Yes please!

When it comes to accounts receivable problems and collection issues no one feels the pain like small businesses do.  While SBA.gov defines small businesses as those having less than $21.5 million dollars in annual receipts many of the small businesses that contact us for collection services are single person businesses that are simply striving to provide a single family's income. In fact approximately 70% of small businesses are owned and operated by a single person.  

These operations count on positive cash flow simply to survive.  They aren't backed by millions of dollars.  Only a third of them even use (or have access to) business credit.  Every dollar counts and you don't have the time, expertise, or resources to handle time consuming collections yourself. Don't get mad, frustrated, or let your business fall apart while you chase after non-payers.  You can win at this game.


"Only 50% of businesses survive the first 5 years and in 2009 a small business went bankrupt every 8 minutes."  
-Business insider



If your a small business and you want to stay in business or you are a freelancer and you don't want to prep your resume and return to a 9-5 you had better pay close attention to protecting yourself from losses.


Too often small businesses...

1.) don't do enough before the sale/engagement to qualify customers.


2.) don't have a contract stating the terms, or use a poorly worded agreement that lacks crucial clauses to protect themselves effectively.

3.) don't invoice properly and don't follow up quickly or often enough when invoices go cold.

4.) lack quality contact information and are unable to locate the debtor.

5.) write off losses simply because someone doesn't pay as they are supposed to.


6.)  waste time or company resources by chasing payments ineffectively.


7.)  feel as though somehow they themselves have done something wrong.


8.)  accept excuse after excuse until the owing party finally ceases communication.


9.)  waste time and money in small claims court only to realize they still won't get paid.


10.)  fail to get help from a professional early on in order to maximize debt recovery and focus their time on new/paying customers!



When your small business lacks the time and expertise to stay on top of your account receivable management and collections you need help.  Cambridge Receivable Solutions specializes in helping businesses like yours be able to minimize your losses in a cost effective way.  We share our extensive experience, tools, professionalism, and persistence with your business so you can maximize your profit risk free.


Here is a DETAILED MENU of the services we provide for all small business, professional services, and creative freelancer clients.  

Don't hesitate to e-mail or give me a good old fashioned phone call to discuss your past due invoices.  I have an open door policy and love talking to people about my area of expertise which is getting the good guys paid!!  I'll do what I can for you regardless of it you need us this time or not.

Have a look at our services page for more info.



Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
New Clients: 636-487-0986
or 
Toll Free: 1-888-908-3905 
jlindsey@c-rsolutions.com
info@c-rsolutions.com

www.c-rsolutions.com 


If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....
 
Join my personal network by connecting with me on Linkedin

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin:   http://www.linkedin.com/company/cambridge-receivable-solutions-llc












 
 
Now is a time when you really need to get your records in good shape.  Poor record keeping is one of the main things that puts small businesses, out of business.  You can't be out of touch with the numbers. You should have solid record keeping practices year around, a user friendly software to track your expenses/taxes, a proper invoicing system, pay close attention to the aging of any accounts receivable, and much more.  

As you know these among other things are keeping Freelancers, Small businesses and the self-employed very busy. With so many other things filling their plate dealing with finances often gets put off.   Whether you are struggling, or making money hand over fist, you cannot put off having a strong grasp on your cash flow.  Regularly published statistics, as well as the data I personally keep, shows that freelancers are taken advantage of regularly when it comes to compensation. You may have also seen the "get paid not played" campaign that saw independent workers logging over sixteen million dollars in unpaid debts.


Dealing with unpaid invoices (debts) to your small business..

Regardless of how well you adhere to even perfect financial practices, late and non-payers will become an issue for all of us at some point.  At least those of us in industries where full payment up front is not the norm.  Whether clients come to me as freelancers or the VP of Finance for a mid-sized services firm, whether they come to us with one account with a $2,000.00 balance, or twenty accounts averaging $20,000.00 a piece; they all have the same problem.....

..sometimes people don't pay what they should, when they should!

I am actively handling these situations for businesses just like yours and I'd like to help resolve any problematic invoices you currently have, and then strengthen your processes so you can avoid non-payment as often as possible in the future.   I love sharing my first hand experience with these hard working, creative, professionals and know what it takes to minimize losses.



Don't make these common mistakes..


-Not using a proper signed and dated contract (where applicable).
-Straying from the terms of service, or scope of work, on projects.
-Not invoicing properly.
-Putting in thousands of dollars worth of time without any payment up front.
-Getting stressed, emotional, or angry with a client and making idle threats.
-Allowing "seemingly good intention" clients to endlessly stall your payment.
-Forgetting or writing off hard earned profit.



For more on what you SHOULD BE DOING...
be sure to read my blog, have a look over the Cambridge Receivable Solutions website, and contact me any time to discuss your situation.  Our specialized collection service is done on a contingency basis, meaning we don't get paid unless you get paid, so no upfront cost.  In other words you'll never have less for using us as your representation in speeding up and obtaining payments professionally.  

Big business style back up, that's specially designed for "Freelancers".  I am continually designing & developing more ways to help, and will keep you informed of some new offerings coming up.  

This will be a continued "grass roots campaign", if you will, that will help the ever increasing number of independent professionals get in the know BEFORE they lose thousands of dollars.  Use my personal information below to get in touch with me directly.

Anyone who has dealt with me directly knows that I care about each client and go beyond the call of duty for the good guys!  CRS is successful in recovering bad debts more often than traditional litigation, or small claims court, even when a judgement is awarded.  


GREAT NEWS!

You don't have to deal with the run around in dealing with large collection agencies that don't care about your business, you don't have to do your clients any injustice, and you don't have to waste more time and stress in vain.  You're simply choosing to have a professional ally to help ensure you are paid for your work in accordance to laws and facts.  Get in touch sooner rather than later, as the more time that passes, the less likely a recovery.



Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
Toll Free: 1-888-908-3905 Ext.101
jlindsey@c-rsolutions.com

www.c-rsolutions.com 



If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....
 
Join my personal network by connecting with me on Linkedin

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin:   http://www.linkedin.com/company/cambridge-receivable-solutions-llc










 
 

A good portion of our private practice collection agency business comes in from Freelancers and small to mid-sized businesses (like these).  If you fall into these categories, you’ve likely realized that getting paid at all, let alone on time, can be a challenging task.

Having an interesting perspective into thousands of similar non-payment situations over the past 16 years, I can tell you that many businesses are having big problems with late and non-payers. Many times we are collecting for businesses that are in a cash crunch, against businesses that are in a cash crunch!  While that is a sign of the times it's our mission to try to stop, or at least improve, this vicious cycle.

In a perfect world every business would be able to have processes in place to minimize against non-payment, to include a vetting (or credit) procedure of some kind to ensure that you are doing business with the most qualified clients possible, followed by proper documentation, invoicing, follow up, and where needed; debt collection escalation. 

In this utopia every business or client you dealt with would have the funds (or cash flow) to back up the products and services they are taking advantage of, in a timely manner.  Your clients would all communicate effectively and then pay as agreed.


Here are three quick tips, directly from the trenches of non-payment, for our friends in Freelancing and Small businesses.


                   
1.) 
Have a signed and dated contract! 


Working without a proper, enforceable, contract is dangerous!  Also, depending who you are dealing with, how they are set up, and what kind of funds/assets they have behind them; even a contract doesn’t guarantee payment with or without collection help and eventual litigation (to include small claims court).  Keep in mind too that Cambridge Receivable Solutions is successful in recovering debts more often than the legal avenues, even when a judgement has been awarded. 

There are many ingredients a contract must have.  They are specific to the type of business you do, the scope of work, payment terms, cancellation terms, and much more.  A crude proposal or terms of service might cut it when the client intends to pay and does the right thing, but if you really want to minimize your potential losses you have to be thorough. Every detail is important. Communicate throughout the process and don’t start until it’s understood by both parties and the contract has been signed.



2.) 
Be cautious when working for startups of any kind, and/or small, un-established businesses!


Working with startups of any kind (businesses that are new or un-established) is risky!  Everything may seem fine, up until it’s time to pay that is!  You absolutely would not believe the situations we see and what lengths some will go to stall or avoid paying you all together if possible.  Many freelancers can’t completely avoid these types of clients and I would be happy to share some more safeguards with you if you have a specific situation you’d like to contact me about.

Many situations we deal with could have easily been avoided had the client been more in tune with some simple red flags to watch out for.  We see web designers, software developers, copywriters, and many more get caught in this trap when helping "companies" get set up in lieu of payment. 



3.) 
Never judge a book by its cover…..its Linkedin page, or its shiny website!


Think a friendly voice and a verbal promise to pay is enough?  It's not!  We see many situations where what appears to be “reputable business people” acting in good faith quickly turn into strategic non-payers, conveniently ignoring all the facts, and discounting any rapport you have built through your hard work.  Many have cash flow issues, but will never admit it. Instead they continually hide behind something being wrong with your services even when obvious proof to the contrary exists.  Don’t let your payment become a hostage to unethical people who want to build a business on your back.  

Never get excited about starting a new project and blindly start spending time on it UNTIL the business end is secured (See #1).  LOOK before you leap.  Gather details, do some research, find out who and what are behind this business.  Who will be responsible for payment, and how will you reach them when the crickets start chirping after you've invoiced?  Gather as much contact info as you can for your contact and their associates.

Does it feel like they have something to hide?  Does anything not ad up?  Listen to your gut and be honest with yourself about the risks.
  Do not start until all the I’s are dotted and the T’s are crossed.   If you don’t get paid, you go out of business.  This is the most crucial part of what you do, mind it!  There are always two sides to every story, you need to be able to prove yours, and leverage it to get what you earned if necessary.



The good news is that there are best practices for being able to minimize issues with these types of problems and also to deal with them when necessary, but you must get educated about the ways to protect yourself.  There are so many different factors and unique situations it’s difficult to pack all the details and advice into one article.

Once you have a set procedure in place it doesn’t take much extra effort or time to enact these safeguards throughout the project.   Then, when a problem does arise, you can lean on the fact that you’ve taken the proper steps to increase the likelihood of turning that tough situation back into acceptable compensation.  Even if that means getting professional assistance, it’s worth it.

Non-payment is a huge issue for the “little guys”.  The stress and setbacks it can cause can be debilitating for any business owner.  Help us help you by taking a pro-active approach throughout each deal.  Beyond that, realize that you have an ally with deep experience, tools, and firsthand knowledge about what it takes to collect what you’re owed.  We know all the laws, we know the games, we know the psychology.  We’ve seen it all, and conquered it all. 

Whether you have the forethought to get armed for these issues up front, have some unaddressed issues from the past, or are dealing with it now; we have cost effective solutions just for you as well as no recovery=no fee debt collection options. 



Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
Toll Free: 1-888-908-3905 Ext.101
jlindsey@c-rsolutions.com

www.c-rsolutions.com 






If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....
 
Join my personal network by connecting with me on Linkedin;
http://www.linkedin.com/pub/jason-lindsey/44/567/165/

Follow CRS on twitter: 
https://twitter.com/getpaidfaster

Follow CRS on Linkedin:  
http://www.linkedin.com/company/cambridge-receivable-solutions-llc





 
 
As the title of this post so obviously states, getting paid is how you stay in business!  It sounds like a simple concept right?  You would be very surprised at how complicated the issue really is.  I assist everyone from Freelancers to VP's of Finance, CFO's, and CEO's on A/R and Debt Collection best practices regularly, and have been in the business of getting the good guys paid for over sixteen years. 

So many experienced, as well as newly Self-Employed, Freelancers, Small Business Owners, and Professional Service Firms, struggle with unpaid invoices from clients; you're absolutely not alone. 

My goal is to continue to address the problems for these groups, as well as educate you on what you can do yourself, to help you minimize your losses.



In order to maximize your cash flow, you must first understand and accept the following;


1.)  You are responsible for seeking out, setting up, and adhering to the best possible in house practices with regards to ensuring payment for your business.  It's your first line of defense against inadvertently giving away time or resources that you provided with expectations of payment.  Whether every dollar is detrimental to your bottom line, or you're making money hand over fist, you should always be pushing to ensure that you don't leave hard earned profits uncollected.


2.)  It is imperative that you perform as agreed and only seek out work for which you are qualified to live up to your end of the bargain on, per whatever terms are understood.  If you can't reasonably do that with each client, and prove that you did, it's irrational to expect payment for such products or services.


3.)  Regardless of how perfect you set up these processes, qualify your clients, and deliver these products or services, slow (and no) payers will be a fact of life for most of you.  The statistics are out there, and I quote them often. I am also privy to first hand data, based on those we work for and against, on a daily basis.  As I said before, you are by no means alone in not getting paid perfectly.


4.)  This is an important one, and the one I believe is the biggest factor in causing losses for the groups I am primarily addressing.  You MUST know your wisest, and most cost effective, options for dealing with these non-payment situations.  If you've accepted, and stuck to, 1-3 (above) then most of this is already in place. 


5.)  The final ammunition to combat potential profit loss is to stick to your well thought out plan.  Take proactive steps to minimize the threat of such loss-in a timely fashion.  Once you understand WHY it makes sense to your bottom line, and you've stuck to and accomplished all of the above, it's easy to proceed with confidence and reap the rewards of maximizing your profits! 




In doing all of these things, and making them a priority at the appropriate times, you WILL minimize your stress levels, you'll stop wasting time that you could spend attracting and nurturing new business, and ensure that you are depositing every last possible cent that you are entitled to-with no adverse effects.

There is a general lack of specialized "in the know" information out there for you to tap into on this subject.  There is also quite a bit of misinformation out there that seems to have many of our new clients unaware of their best options, until we begin working with them.  Don't give up on payment! We recover balances from 31 days past due, to over a year old, for all kinds of clients who otherwise would have written off significant losses unnecessarily. 



Thank you very much for your time, and may your cash -FLOW- in the proper direction in 2013! 

-------------------------------------------------------------
Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
Toll Free: 1-888-908-3905 Ext.101
jlindsey@c-rsolutions.com

www.c-rsolutions.com 




If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....
 

Join my personal network by connecting with me on Linkedin;

http://www.linkedin.com/pub/jason-lindsey/44/567/165/

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin:   http://www.linkedin.com/company/cambridge-receivable-solutions-llc


 
 
Today is International Freelancers day.  If you read my blog you know that I  have taken a particular interest in educating and helping freelancers get paid from their clients.  Having handled many debt collection cases for freelancers I am aware of the best ways to ensure payment, and what to watch out for from clients.

Do you remember the $16,000,000 posted on the worlds longest invoice?

-I am the President and Principal Consultant for Cambridge Receivable Solutions.

-I have made over 360,000 calls and collected over $20,000,000 for everything from freelancers to the largest, most prestigious, lenders on the planet in my 15 years in the business.

-I am well versed in all aspects of State and Federal laws and compliance.


In honor of International Freelancers Day I will respond to 50 debt collection questions from freelancers for free, via e-mail, in the order received.  I won't get to them all today, but quickly!  Ask me anything.  It can be about a particular situation you are dealing with now, or any steps throughout the entire "getting paid" process. 

Send your question to  freelanceally@c-rsolutions.com

All you have to do is be one of the first 50 e-mails into the inbox, and I must receive the question before midnight (central time) tonight to qualify.  That's it, nothing to buy, no list to join, just REAL help. 

If you would like, connect with me on LINKEDIN, and follow us on TWITTER.

Thanks and happy freelancing!


Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
Toll Free: 1-888-908-3905 Ext.101
jlindsey@c-rsolutions.com

www.c-rsolutions.com 






If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....
 
Join my personal network by connecting with me on Linkedin;
http://www.linkedin.com/pub/jason-lindsey/44/567/165/

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin:   http://www.linkedin.com/company/cambridge-receivable-solutions-llc


 
 

             This article relates to freelancers, small to medium size businesses, and professional service firms. 

Today I want to talk about the main myth with regards to debt collection agency contingency (no fee if no recovery) rates, along with what we are doing to ensure value to our clients.
 

    The myth:  "Collection agencies typically charge 30-50% fee on recoveries"
        

                                                 Who perpetuates this myth, and why?

-Collection Attorneys.  Collection attorneys help in spreading this myth in order to warm you up for their costly fee structure.  Legal action will take up more of your time and resources than the more logical third party collection intervention.  A solid pre-legal, collection attempt will, more often than not, increase your return.  If the effort is unsuccessful, you pay nothing, and legal action is always available as a last ditch effort.  In fact, having attempted an amicable pre-legal solution will strengthen your case if it must go there.  Tapping into decades of experience, we'll be the first to point you in that direction if that's what it will take. 

-The uninformed.  This is to include authors and bloggers who are simply regurgitating dated untruths they got from other unreliable sources, in the name of content, which has watered down the little known reality of debt collections.  The spreading of this misinformation is hurting your bottom line.  The crucial and necessary profit maximization, through specialized A/R management and collections, is a highly misunderstood and underutilized business function for businesses of all sizes and industries.

                                                        The Truth

To say this myth is an incorrect, dated, and an overly broad assumption, would be an understatement.  The fact is your cost will largely be a direct reflection of how you have handled the invoices to date.  If your waiting until your invoices are over a year old, then you may be in the neighborhood of 30%, for good reason.  Already have judgements? Then they will be in the 40% range.  Again, for good reason.  80% of judgements go unpaid and can require extensive expenses to attempt to recover.  The majority of placements that need a collection intervention won't fall in those high fee categories.  A proper collection strategy through a firm like ours will never leave you with less than you would have without us. 

The main factors at play with our rates are in your hands.  Most   agencies base their rates on the amount of time and resources they will   require to be cost effective for BOTH parties, obviously.  The amount  of  time it will take us to turn your coal into diamonds is what decides   your rates. Average age, average  balance, and volume of accounts are  the key factors that will decide  your fee structure.  Help us help you by getting us involved early and  often.

                                                                              Facts
-Having a specialist involved to ensure your cash flow management is structured appropriately throughout the entire cycle is a crucial first step. 

-Knowing when, and why, to allow professional help to proactively address problem invoices as they pop up, will always ensure you have more than you would without their assistance.


-DRUM ROLL~~~~~ Rates for top notch collection assistance are primarily BELOW 30%, in many cases as low as 10%.  If your agency can't show you why their rates make sense to your bottom line, call us, we can!  If we can't, then we'll make some suggestions and point you in the right direction.  If our relationship won't MAKE you money, we don't want to waste either of our time.  Taking on clients for whom we won't be an asset would be completely counter productive for us.


                       How do we specifically ensure value for our clients? 

-We are a highly experienced and specialized partner for the industries we serve.

-Our unique set up was built and customized to ensure you more time and money to invest in the business you're in. 

-A full service, consultative approach, ensures that you capitalize on our knowledge and experience at every stage of the process.

-Our more cost effective rate structure, and low overhead, ensures our clients top quality service and results. 

-While there are some bad collection agencies out there,  Cambridge Receivable Solutions is the answer to changing economic times.  We are providing innovation to the typical archaic recovery model.

   
                                                       Click   >HERE<   for more information
             
Get to know us better by having a quick look at our home, about, and services pages.  Please contact us with questions or for a free, confidential consultation on how we can help you.....at rates that you can be excited about.


Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
Toll Free: 1-888-908-3905 Ext.101
jlindsey@c-rsolutions.com

www.c-rsolutions.com 




If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....

 
Join my personal network by connecting with me on Linkedin;
http://www.linkedin.com/pub/jason-lindsey/44/567/165/

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin:   http://www.linkedin.com/company/cambridge-receivable-solutions-llc




 
 
We offer several services specifically designed for Freelancers.  We are often contacted by designers, writers, editors, programmers, web designers, SEO, marketing, advertising, and public relations reps; just to name a few.  I've noticed a pattern among them, having several areas that could easily be tweaked to improve their processes.  They are often taken advantage of by larger companies or customers with ill intentions (see http://www.worldslongestinvoice.com for proof).  Non payment for products and services bothers me, so I stepped up to help.

We feel that this sector is one that needs us the most, and Ienjoy sharing my knowledge and experience to really make a difference in strengthening your income position.  If you fall into the category of Freelancer or Micro Business, you likely depend on every dollar more than any of our larger clients.  It's up to you to take the necessary steps to learn, and continually implement the proper procedures to maximize your profits.  At Cambridge Receivable Solutions we take the time to get you on the right track, even beyond just performing collection functions on your behalf.

PRINTABLE PDF OF SERVICES FOR FREELANCERS

Payment for these services can be made at the bottom of the CONTACT page, while our collection services are contingency based, meaning we don't get paid unless we collect.

Click on the "Freelance" category of my blog for some free information tailored to your needs.  Feel free to call or e-mail us anytime to discuss your specific needs, and any questions you have about your situation and our services.  I handle all freelance matters myself.  You'll deal with me one on one, as your personal collection concierge.  Don't hesitate to call me with any questions, I'll gladly chat with you to determine if you need us, and how we might be able to help put some cash back in your pocket.


Follow us:
Twitter @getpaidfaster
Linkedin Company Profile http://www.linkedin.com/company/cambridge-receivable-solutions-llc
My Linkedin (Freelancers, let's connect!) http://www.linkedin.com/pub/jason-lindsey/44/567/165
Website www.c-rsolutions.com  

Happy Freelancing!!! 

Author: 
Jason Lindsey 
President & Principal Consultant
Cambridge Receivable Solutions
Direct: 636-238-3843
Toll Free: 888-908-3905 Ext 101
Email: jlindsey@c-rsolutions.com