Everything is easy when the home furnishings market is good. Preparing for a furniture market downturn is an essential credit department function that deserves attention.Continue reading "How to Prepare Your Home Furnishings Credit Department for a Downturn in the Market"
A large balance on a furniture retailer credit account can lead to trouble if left unpaid. Here’s some advice on how to pick the right time to escalate your credit collections process into a debt collection lawsuit.Continue reading "When is the Right Time to Take Legal Action Against an Uncollected Debt?"
No one can predict the future, but there are some important credit warning signs for credit departments to monitor when offering terms to a new customer.Continue reading "5 Warning Signs Home Furnishings Credit Departments Need to Monitor Closely"
From time to time, it’s good to step back and think about how properly managing credit in your home furnishings company can help drive greater results in the years to come. Let’s look at what a healthy credit department can mean for a home furnishings and accessories company over the long haul.Continue reading "FMCA Insights: How Sound Credit Practices Can Set Your Home Furnishings and Accessories Industry up for Long Term Success"
FMCA Insights | Debtors facing collections have several payment options available to resolve the open balance on their account.Continue reading "FMCA Insights: Pros and Cons of Various Payment Options for Furniture Credit Collection Companies"
There is ultimately one thing that motivates people in business to take action – money. That’s why it is important to consider implementing a credit incentive program.Continue reading "How to Encourage More Sales through Credit Incentive Programs"
One of the many measures used to counteract the effects of the COVID-19 pandemic has been direct economic stimulus payments to millions of Americans. While the amount received by each person or family depended on variables like income level and number of dependents, the vast majority of Americans received multiple payments during the pandemic.Continue reading "How the Recent Stimulus Will Affect Furniture Retailers"
When you offer credit to a customer, the last thing you want is to eventually turn that customer over to a collection agency. Unfortunately, collections are an inevitable part of the commercial credit game, and some of your accounts will reach this endpoint from time to time. Working with a good collection agency (like FMCA) […]Continue reading "Customary Business Practices for Turning a Debt over to a Collection Agency"