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How to Write an Efficient Debt Collection Letter

Etactics

According to the Federal Reserve , the total amount of household debt in the U.S. How big of a check do you think you would need to pay the balance of $15,240,000,000,000? Luckily, that’s the total amount of debt for every household…so it doesn’t all fall on you (whew). To get the average amount of debt, you take $15.24

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4 Effective and Ethical Debt Collection Letter Examples

Etactics

A majority of Americans are in debt. The fact of the matter is that 77% of American households have some kind of debt. But just how much do these households owe? The total of any debt in the United States is $14.96 Enter: debt collectors. If you’re reading this blog, then you most likely know what these people do.

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5 Friendly Overdue Invoice Letters That Convert

Etactics

If you’re an “average” American, you would have over $90,000 in debt. Yet, it’s the reality of the debt landscape that many of us face. Even if your business doesn’t focus on the direct-to-consumer market, your clients likely still have a mountaintop of debt to climb. The average small business is around $195,000 in debt.

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8 Past Due Letter Templates That Get You Paid

Etactics

A 2019 study determined that the average American has over $90,000 in debt. The debt landscape is so bad right now that some can’t afford our medical bills. Those statistics are the result of a grim reality we face with debt, regardless of which side of the coin you’re on. Maybe your client moved and their address is incorrect.

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5 Child Care Invoice Templates That Increase Your Revenue

Etactics

That means that there’s a good chance that your clients could incur more debt. To be more specific, 40% of parents admit to going into debt due to the cost of child care. To be more specific, 40% of parents admit to going into debt due to the cost of child care. How do you stand out in these stuffed mailboxes?

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5 Chiropractor Invoice Templates That Stretch Your Bottom Line

Etactics

But, how can you keep your doors open as a chiropractor if the clients you’re providing your services to can’t pay you? There are a couple of answers to that question that will get answered throughout this blog post. But each of has have to do with how you’re charging your clients. But you already knew that. It’s not that easy.

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5 Easy Ways to Improve Collecting Payments from Patients

Etactics

A recent study by KFF suggests that as of 2019, nearly 23 million Americans owe a significant amount of medical debt. According to the Survey of Income and Program Participation, the United States as a country owes around $195 billion in medical debt. That amounts to 1 in 10 adults! You're not wrong!