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Education

credit management

FMCA Insights: How Sound Credit Practices Can Set Your Home Furnishings and Accessories Industry up for Long Term Success

Posted on Education, Collections, Newsby David Johnston

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.

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stimulus

How the Recent Stimulus Will Affect Furniture Retailers

Posted on Collections, Education, Newsby David Johnston

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.

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debt_collection_agency

Customary Business Practices for Turning a Debt over to a Collection Agency

Posted on Collections, Educationby David Johnston

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 are going to reach this endpoint from time to time. Working with a good collection agency […]

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