debt collection

SMB Late Payment Statistics: Why Late Fees Don’t Work and What They Really Cost Small Businesses

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Why Late Fees Don’t Work Late fees sound like a smart way to encourage customers to pay on time. On paper, the logic makes sense: if a customer knows there is a penalty for paying late, they should be more motivated to pay quickly. In reality, that is rarely what happens. For small and mid-sized … Read more

Are Mechanics Liens Worth It? What Businesses Need to Know Before Filing

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Mechanics Liens Explained for Unpaid Invoices When a customer refuses to pay, many businesses start looking for ways to enforce payment. One option that often comes up is a mechanics lien. On the surface, it sounds powerful — attach a debt to someone’s property and force them to deal with it. But in reality, mechanics liens … Read more