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Commercial Receivables

A commercial receivable arises when a business – from as small as a sole proprietorship to as large as a multi-national corporation – takes out a loan. If the loan goes into default, the commercial debt collection process begins.

Commercial and business loans come from a variety of sources and can be secured and unsecured, depending on the purpose of the loan. There are also several government agencies – like the Small Business Administration – that back or guarantee certain types of loans.

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Altus Welcomes Wexford & James as Newest Affiliate Member

KENNER, La. – Altus Global Trade Solutions (Altus GTS) announced that Wexford and James, the highly respected Iowa-based recovery solutions firm, recently joined as an Altus GTS Affiliate member. This partnership solidifies Wexford and James’ position as a major player in the global accounts receivables market and forges a powerful relationship between two companies that share […]

IACC: 2016 Could Bring Significant Industry Changes – and Opportunities for Businesses that Adapt

This article was submitted by Jessica Hartman, IACC Executive Director Those in commercial credit, collections and related industries will face significant economic and regulatory challenges in 2016, International Association of Commercial Collectors experts predict. Credit will remain tight, and creditors will be looking to save money and to get more services and assurances for the […]

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ABC-Amega President and COO Appointed to Credit Research Foundation’s Board

Buffalo, NY – ABC-Amega, a global commercial receivables management firm, is excited to announce that President and COO, Paul F. Catalano, was appointed by the Credit Research Foundation Board of Trustees as the service provider representative on the Board for a three-year term. The unanimous vote took place at CRF’s October 2015 Board meeting in Ft. Lauderdale, […]

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Robert Bernstein Named President Of The Commercial Law League of America

The Commercial Law League of America (CLLA) is pleased to announce that Robert S. Bernstein, of Bernstein-Burkley, P.C., in Pittsburgh, PA, will serve as its 2015-2016 Board of Governors president. This makes Bernstein the only two-term president other than the group’s founder, William Sprague, in 1896. Since joining the CLLA in 1975, Bernstein has held […]

Collection Industry Gets Some Positive Attention in Media this Week

The ARM industry is used to bad news and negative media attention. But this week, there were a couple articles run in prominent media that cast the industry in a positive light. The first was a nice local profile of a collection agency and the second featured a defense of private collectors on the Department of Education’s student loan collection contract.

Altus Adds Trade Data Reporting to Suite of Services

Altus Global Trade Solutions (Altus GTS), a full service accounts receivable management agency, has launched its new Trade Data Reporting service. Clients can now report their customers’ payment activity to the three major commercial credit bureaus, Dun & Bradstreet, Experian and Equifax, through Altus’ easy-to-use online portal. This valuable service is offered at no charge to Altus clients.