The Collection Advisor Blogcast

Introducing MetCredit USA

MetCredit — Fri, 22 Nov 2019 06:10:00 +0000

After 46 years of leadership as a national collection agency serving telecommunications giants, major banks, manufacturers, service industry leaders and SMBs Canada-wide, MetCredit has acquired a controlling interest in Credit Bureau of Jamestown (CBJ) which it will operate as MetCredit USA and a launchpad into the U.S. market.

It’s a move we’ve been carefully planning for a long time. We have been very successful at building the MetCredit brand in Canada into a dominant, highly respected position. We’re trusted by organizations in all provinces and territories to collect debt quickly and ethically, and through recent acquisitions we've grown our reach and capacity in Canada.

http://www.metcredit.com

8 Nightmarish Truths About Business Debt

MetCredit — Fri, 22 Nov 2019 06:05:00 +0000

Many things that happen in business are scarier than fiction. Entrepreneurship is a risky, stressful undertaking, and numerous dangers lurk in the dark, murky places between fulfilling a sale and getting paid.

In the spirit of the Halloween season, here are 8 truly terrifying facts about business debt, and how to ensure you keep your head about you...

https://www.metcredit.com

How This Federal Election Impacts Your Business—And How it Doesn’t

MetCredit — Fri, 22 Nov 2019 06:00:00 +0000

I have excellent clients and wonderful staff from coast to coast—to coast. They are another reason I always vote. And regardless of the political outcome, the person most responsible for my business is me.

Pay attention to details. Make good on your own bills, and monitor accounts receivable so you can pounce on them the moment they’re past due. Business, much like politics, is a participation sport. If you take care of your customers, employees and receivables, they will take care of you.

https://www.metcredit.com/us/

https://www.metcredit.com/

Making Acts of Kindness Less Random

MetCredit — Fri, 24 May 2019 22:53:00 +0000

When MetCredit team members describe their jobs, they speak very little about the difficult parts. Check out the unscripted videos. What they experience on a daily basis is helping people. To get their finances together, to get out of debt, to have a plan. That's what floats our boat, and it's deeply embedded in our culture. I encourage everyone to find ways to make acts of kindness an everyday thing. Support colleagues, teams and friends, and lead by example by thinking in terms of doing good and helping others. When kindness is a regular part of your values and embedded in your culture, great things follow—both random and intentional. http://blog.metcredit.com/making-acts-of-kindness-less-random

When not to use a collection agency

MetCredit — Fri, 24 May 2019 22:50:00 +0000

For most business situations, it makes a lot of sense to send overdue files to a good collection agency for accounts receivable recovery. In fact, a number of business models that will probably surprise you (from law firms to funeral homes) do it all the time. But there are times when sending an account to collections may not do much good. Here are four good examples where a collection agency probably can’t help—and how to avoid such situations in the first place. http://blog.metcredit.com/when-not-to-use-a-collection-agency

Ethical Debt Collection: A Tradition of Excellence Centered On Respect

MetCredit — Fri, 24 May 2019 22:44:00 +0000

The MetCredit Code of Ethics has a proven trickle-down effect. It’s delightful to see it in action. In several instances we’ve had consumer debt collection calls lead to a new career at MetCredit for the debtor (once the debt is paid in full of course), and our B2B debt collection calls often lead to new clients when business debtors experience the effectiveness and respectful conduct of our commercial debt collection agents. Our Code of Ethics is vitally important to me personally: it has helped guide my career and acted as my own True North in making important business and personnel decisions. It’s part of our Secret Sauce: others have tried to copy it, only to learn how impossible it is to replicate into a pre-existing corporate culture. It’s simply got to be in the company’s DNA and consistently infused to every new hire. I’m very proud and grateful that MetCredit is built on foundational core values of excellence and genuine respect. It’s what gives meaning to every day, and fuels our ambitious goals for the future. http://blog.metcredit.com/ethical-debt-collection-a-tradition-of-success-centred-on-respect

Three High Impact Actions to Take Charge of Accounts Receivable in 2019

MetCredit — Fri, 24 May 2019 22:36:00 +0000

For many, the year that has passed was a challenging, difficult or even devastating one. We live in tumultuous times, and very few business owners have weathered the last 12 months unscathed by trade negotiations and tariffs, pipeline cancellations, service disruptions, global unrest and the overall economic slowdown. With 2019 being an election year in Canada, further uncertainty lies ahead. Most of that, you I cannot control. But you can make decisions and take actions that will have a positive impact on your business and your overall success. I would argue that given all the events and happenings outside your hands, it’s an excellent time to focus on the things you can indeed change. http://blog.metcredit.com/3-high-impact-actions-for-taking-charge-of-accounts-receivable

Why waiting for a turnaround could kill your business

MetCredit — Fri, 24 May 2019 22:33:00 +0000

Our world has never been more uncertain. With international politics in a precarious position the likes of which has not been seen in generations, the stage is set for an infinite number of things to go wrong. Nations have become insular, and worldwide consumer and corporate confidence are both at longtime lows. While others wait with hopeful expectation that a turnaround is nigh, you should play this to your advantage, and aggressively collect money owed to you now, rather than exercise patience and potentially be impacted when things do not progress as quickly as expected. If you've been waiting or trying without success, now is the time to make use of your collection agency. Not next week or next month, when it could be too late. Because even if you prove to be wrong, and we all experience a sudden, swift turnaround with very little on the downside, you will be miles ahead of others who chose to wait it out.

Why Debt is a catalyst to success

MetCredit — Fri, 24 May 2019 22:30:00 +0000

Learning to handle money properly sets a person up for life. And once you’ve tackled a gut-wrenching problem head-on and clawed your way out, you immediately become less fearful, more confident and prepared to take on the next big challenge. It's a process of emboldenment, problem-solving, application and validation: key ingredients in the recipe for personal and career success. http://blog.metcredit.com/why-debt-is-a-catalyst-to-success