Bad Debt vs Good Debt

Ever found it so painfully ironic that you need job experience to get a job? Well, debt can be the same. You need to have debt to make debt. But, let’s have a look at good debt vs bad debt.   Good Debt: Good debt is a great example of “It takes money to make...

Dispute Resolution vs. Debt Collection

Let’s have a look at some of the biggest reasons debtors don’t pay your account. A lot of debtors don’t pay their accounts because there is a simple dispute that the creditor might feel is the debtor’s way of wasting time or prolonging payment. This might be true, but...

What is an Acknowledgement of Debt?

An acknowledgement of debt (AOD) is when a debtor acknowledges his/her debt obligations. The debtor admits that he/she owes a sum of money to the creditor and undertakes to repay the amount on terms agreed upon between the parties involved. An AOD would be of great...