Just as it does for consumers, debt presents difficulties for creditors. If a customer in debt won’t respond to a business’ request for payment, that business goes to a credit management company for help. A credit management program helps businesses take control of their accounts receivable so that they can resolve delinquent accounts and improve their cash flow. Most businesses go to a credit management company when they have tried to collect a debt from a customer several times without response. It can cost a business valuable time and money to continue to pursue uncollected debt and it’s easier and more cost-effective to hand those accounts over to a credit management company.
In most cases, when you receive a call from a collection agency, a company you owe money has enrolled you in a credit management program. In this way, CESI is similar to a credit management company. When you need help with debt, you call CESI to help you pay it off in a timely manner. When a business needs help collecting a debt, they call a credit management program to help them get that debt paid back in a timely manner.
When you’re in debt, it’s good to remember that businesses typically aren’t out to get you. They are trying to run their business well, and a credit management program is one way to help do that. If you are contacted by a credit management company, ignoring their communications will make the problem worse. Respond in a polite, timely manner and they will generally be happy to work with you to recover the debt.
We believe that education is the key to a better financial future
Consumer Education Services, Inc. (CESI) is a non-profit service provider of comprehensive personal financial education and solutions for all life stages and for all of life’s milestones. Our goal is enhanced economic security for everyone we serve.
CESI is NOT A LOAN COMPANY