The Cash Flow Group, Inc

Consumer and Commercial Debt Collection Florida

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Fort Lauderdale / Miami, FL

Toll Free: 800.226.2006

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Commercial Debt Collection in Florida

Monday, September 17th, 2018 | The Cash Flow Group | No Comments

Protect Yourself from Fraudulent Checks

Commercial Debt Collection in Florida – During the holidays and the huge sales thereafter is a hot time for bad checks. It’s certainly not limited to holiday time, but it seems that criminals take a liking to the holiday season in ways that wreck it for the rest of us.

No business is immune. Large, small or mid-sized, every company must take precautions.

A few tips from Costco Service Provider Harland Clarke can help you and your employees spot fraud before the damage is done. Here’s what to look for when examining a paper check:

  1. Missing routing or bank numbers
  2. Low check number as it may indicate a newly opened account
  3. Missing address
  4. Handwritten address
  5. Missing bank name
  6. “Void” printed anywhere on check
  7. Glued, taped or stapled check
  8. Obvious erasures or white out portions
  9. Missing signature
  10. Unusually large purchase from unknown customer

Security features, like a watermark are a good sign that the check is legit. You may want to make a quick call to the bank before you finish the transaction.

As a business owner, you have the right to protect yourself. If the check just doesn’t feel or look right, request another form of payment.

Florida Debt Collectors and Tax Write-Offs

Monday, September 17th, 2018 | Florida commercial collection agency, Florida Debt Collection, The Cash Flow Group | No Comments

Collecting Uncollectible Debts and Tax Write-offs

Florida Debt Collectors, The Cash Flow Group is here to answer your questions!  One question that business owners often have to wrestle with at tax time is whether or not to write off a debt as “uncollectible.”

If your business uses a cash basis accounting system, this isn’t an issue for you. In a cash basis accounting system, you don’t count money that you’re owed until it’s paid to you. You can still write off any expenses related to an unpaid invoice, but you do not owe taxes on any unpaid income. If you are a large company this also is unlikely to be an issue for you. Large companies tend to use a reserve form of accounting and have a “bad debt reserve” to which they apply bad debts.

However, if you are neither a very large or very small company, you most likely file your taxes on an accrual basis. In accrual basis accounting, the unpaid invoice shows up as income on which you owe taxes. However, if you never collect that money, you can write off the amount as a bad debt expense.

Tax Planning

It is usually best to take your write off as soon as possible so that you get the tax deduction now, instead of later. The only time taking the deduction later would be better is if you are expecting to be in a higher tax bracket later on. This is primarily a concern for sole proprietors and S corporations, whose annual income fluctuates more widely. However, even if you expect to change tax brackets, you can not randomly decide when to write off debts. There are no hard and fast tax rules about when you can consider a debt “uncollectible,” but the IRS does like to see consistency in your tax filing methods.

Generally, it’s hard to justify classifying a debt as “uncollectible” if the debt has been owed for less than 90 days. But, some warning signs that a debt may be uncollectible, even if it’s been less than 90 days, include a company declaring bankruptcy, a company refusing to answer communication, a company stating that they will not pay you, or a company simply disappearing. Once you have turned a debt over to a collection agency, you are also justified in writing it off on your taxes. However, if the collection agency is able to collect, you will owe taxes on the amount collected.

We recommend that you not wait until tax season to think about how you will collect on unpaid invoices. We advise clients to consider professional help with unpaid invoices that are 90 days or more overdue, or when they start to notice any of the warning signs that a business may not be willing or able to pay its bills.

Debt Collecting

Writing off bad debt is helpful to your bottom line, but what’s more helpful is actually collecting on that debt. For example, imagine that your company is in the 33% tax bracket and a company owes you $10,000. If you write that off as bad debt, you’ll save $3,300 in taxes. However, if you hire a reputable collection agency that charges 20% of the amount collected, you could get $8,000. Earning $8,000 is clearly better than saving $3,300.

At The Cash Flow Group, our goal is to make sure you are paid the money you are owed, so that you write off as few uncollectible debts as possible. Please reach out and let us know how we can help.

Debt Collection in Florida – When Customers Won’t Pay

Tuesday, August 21st, 2018 | The Cash Flow Group | No Comments

Florida PR

Slow-to-pay and no-pay customers can be a real headache for small business owners.

Those outstanding invoices often create havoc with a small business’ cash flow and can bring operations to a grinding halt- especially if the company is working on tight profit margins. But collecting on outstanding consumer debt does not have to begin with a bottle of aspirin.

Here are a few strategies to help small business owners get the most money from those outstanding invoices:

Be assertive, yet sensible with collection efforts: Trying to collect on overdue accounts is a delicate balance. On one hand, a business can often ill afford to be lax with collection calls and demand for payment letters. On the other hand, to keep loyal customers business owners should also take into consideration any external circumstances, such as economic conditions, that may affect a customer’s short-term ability to pay and make adjustments to the credit policy where it is feasible. Moreover, when deciding how to collect on an overdue account, a business owner should weigh the cost (in terms of money and other resources) of any collection efforts versus the actual amount that can be recovered.

Develop a credit policy: Business owners should make sure to clearly outline the terms and conditions customers must fulfill to establish credit with the company as well as the actions that will be taken when accounts are overdue. This policy should be made available to customers and can be submitted with any invoices on overdue accounts so that these customers know what to expect.

Don’t stop the communication: Once the communication stops between the business and the indebted customer, the likelihood that the business will receive even some if its money is much less. All communication should be firm, yet clear and respectful.

Know what action to take and when: Business owners should be familiar with the different options available for collecting on outstanding invoices or reducing the loss.

Keep good records: Along with a credit policy, businesses need to maintain clear, accurate, and up-to-date credit files and payment histories on each of their customers. There are numerous accounting software suites, such as those offered by Quickbooks, Peachtree, MYOB, and Microsoft Office and even some decent free, open source options, such as GnuCash and NolaPro, that can help small business owners stay on top of their accounts receivables.

– Send the invoice to a factoring company. If the outstanding account fulfills certain requirements, it can be given over to a factoring company. With accounts receivables factoring, the business will receive a significant percentage of the amount owed on the invoice up front from the factoring company and also be able to hand over the collection process.

– Find a good collection agency. For a fee, small business owners can enlist the expertise and services of a collection agency to nudge customers into paying on the account.

– Take the customer to small claims court. Though going to small claims court may not be such an attractive or even worthwhile option, there may be certain situations that warrant this course of action. A business owner, for example, may want to begin the process in order to influence a customer into reaching some kind of settlement.

– Claim the loss for a tax deduction. According to the Tax Code IRC 166, Reg. 1.166, business owners may be able to claim part of the loss on their subsequent tax return.

In short, with a little effort, know-how, and sensibility, small business owners can significantly improve their chances of collecting on outstanding invoices, and keep their heads clear for more important matters, such as running their business.

Please call our collection agency at (800) 226-2006 today with any questions or concerns.

Florida Debt Collection

Thursday, August 16th, 2018 | The Cash Flow Group | No Comments

Florida Debt Collection (including Fort Lauderdale, Hialeah, Hollywood, Gainesville, Jacksonville, Miami, and all cities in Florida)

The Cash Flow Group, a Florida commercial collection agency, has been collecting commercial collection claims for large to small sized businesses since the company was founded in 1982. For 28 years of commercial & consumer debt collection and we have never had a debtor action filed against us. In today’s litigious climate, that fact gives our clients great peace of mind.

Our collection agency prefers to utilize a customized approach in the collection of your Florida bad debt claims unlike that of many other commercial collection agencies. We believe that a unique collection campaign that is geared towards your company’s best interests providing you with optimum results is paramount in satisfying you as an RSD client. The collection of your commercial bad debt claims will be handled by seasoned professionals who know and understand precisely the strategies that must be implemented in order to achieve the collection success that you desire.

Florida Debt Collection Specialists

As a commercial collection agency, it is vitally important to the success of each collection campaign that we employ the type of collection specialists who understand the intricacies of collecting commercial accounts receivable. The Cash Flow Group collection staff is made up of highly experienced collection professionals who have, over the course of many years, proven themselves to be experts in commercial collections.

There are many commercial collection agencies in Florida, but there are few who have the drive, determination and experience as The Cash Flow Group to collect your commercial collection claims. We provide industry leading results and take pride in extending world class service to each and every one of our valued clients.

The Cash Flow Group can collect your Florida commercial collection claims and provide your business with unbeatable results without compromising your customer relationships. As a Florida commercial collection agency, we stand ready to serve the collection needs of your business and to enhance your bottom line.

Please call our collection agency at (800) 226-2006 today.



How long can a company try to collect a debt?

Wednesday, August 15th, 2018 | Florida Debt Collection | No Comments

Does Your Old Debt Have an Expiration Date?

If you have some negative debt reflected on your credit reports, you may be wondering how long debt collectors can try to collect on that debt, and how long that debt can affect your credit. The simple answer is, it depends. The full answer requires some explanation…let’s start with collections.



Commercial Debt Collection in Florida

Monday, August 13th, 2018 | The Cash Flow Group | No Comments

Commercial debt collection in Florida

The Cash Flow Group a commercial debt collection in Florida is the premier debt collection provider in the area. We begin debt collection with verifying the contact information provided by our clients and gathering additional information on the business to be used by the debt collector. We email, fax and mail a short demand letter to the debtor typically within one business day of receiving a claim. However, the primary communication method in our debt collection process is the telephone augmented by e-mail as appropriate.



Florida Debt Collection Laws

Sunday, August 12th, 2018 | Florida Debt Collection | No Comments

With a combination of both Florida and federal law, collections agencies have a code of conduct that they must follow in order to do their work legally. In the sections below, legal considerations about some of the most concerning aspects of debt collections are outlined, specifically for residents in the state of Florida.

Statutes of Limitations: A statute of limitations on a debt is defined as the period of time following the last payment made on an account, during which a creditor can successfully sue for payment. Once the statute of limitations has expired, however, the debtor has an absolute defense in the case of a lawsuit. In other words, you no longer have to pay.

The statute of limitations in Florida is five years for written agreements and four years for oral agreements. It is important to realize that statutes of limitation on debts do not affect how long they may be listed on your credit report – generally for seven years.

Contact from Collectors: Collectors obtain “bad” debts from original creditors, either by being assigned to them or (usually) by buying them. Your creditor is not obligated to inform you if your account is transferred to a collections agency, so sometimes the first clue that you get is a most unexpected phone call or letter.

When you are contacted by a collections agency for the first time, they are required to send you a written notice in the mail within five days. The notice must include three important pieces of information: (1) the total amount of money that you owe, (2) the name of your original creditor, and (3) the actions that you should take if you wish to dispute the debt.

Collectors may contact you about your debt by phone, mail, fax, or telegram, both at your home and at work. If there is a specific type of contact that you would like stopped or altered, then you should state your wishes in writing and send them to the collections agency via mail.

For example, if your employer disapproves of calls to you at work, then you should tell them this and that you would like such calls to stop. If the hours during which collectors are allowed to call without approval (8am-9pm) are inconvenient for you, then you should tell them to call another time.

If you have representation by an attorney, then collectors should contact your attorney instead of you directly once you have told them this.
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Disputing the Debt: If a collector contacts you to demand payment on a debt that you believe to have been paid or that you do not recognize, then you must dispute the debt with 30 days of initial contact with the collections agency.

No matter what message you want to get across to a debt collections company, you should do it in writing. Particularly, with very important correspondence such a dispute, you should send your mail certified and with a delivery receipt. Such documentation is essential, especially if there is a difference in opinion on your liability for the debt.

Do not send original documents to collectors, but do send copies of documents that support your position. Once you make your dispute in this way, then the collections agency may not contact you again without providing its own proof of the debt. In the event that the debt you are being contacted about is someone else’s, they may ask for proof of your identity.

If you file a dispute on your debt, then the collections agency must report this dispute to the consumer credit agencies if they choose to report your debt. It’s either all or nothing when it comes to reporting.

What Collectors Must Do: Debt collectors who contact individuals in Florida must be registered with the state, including those debt collectors who are based elsewhere. They must be completely honest with you about their identity and their purpose. Any collector who calls you must tell you their name and the name of the collections agency upon your request.

Collectors must also protect your privacy, according to state and/or federal law, in the following ways:

• They cannot disclose any information about your debt that potentially could harm your reputation to anyone outside of your family.
• Publishing or contributing to any type of “deadbeat list” or “black list” is illegal.
• Mail sent by the collections agency cannot contain any immediately visible information that could embarrass the debtor or reveal the debtor’s situation.
• Collectors cannot reveal any information about your financial situation or their collections efforts to your employer without first obtaining a court order (such as for wage garnishment).
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What Collectors Must Not Do: In addition to their responsibilities as outlined above, debt collectors also are obligated to refrain from any type of harassment, abuse, or deliberate misleading of debtors.

The following types of harassment / abuse are illegal:
Use of obscene or profane language.
Calling a debtor or his or her family repeatedly with the intent to annoy or irritate.
Threats of violence against a debtor or his or her property.
Threats to advertise one’s debt.
Threats to take any action that is illegal, or that the collector does not really intend to take.
The following methods of misrepresentation are illegal:
Leading a debtor to believe that the collector is an attorney, a law enforcement official, from a government agency, from a credit bureau, or approved by the government.
Using stationary or forms that are made to look like legal documents or official government documents.
Implying that the debtor has committed a crime or is going to jail.
Attempting to collect a debt that is known to be incorrect.
Hiding one’s identity so that a debtor is fooled into paying for a collect call or telegram.
Violations of the Law: If you believe that a collector has broken in law while trying to collect on your debt, then you should contact the state attorney general. You also may want to file a complaint with the Federal Trade Commission, the agency charged with overseeing the federal Fair Debt Collection Practices Act. If a collections agency has broken the law in your case, then you might successfully file a lawsuit against them.


The Cash Flow Group

Fort Lauderdale / Miami, FL

Toll Free: 800.226.2006


Commercial collection agencies in Florida

Thursday, August 9th, 2018 | The Cash Flow Group | No Comments

Commercial collection agencies in Florida
commercial collection agencies in Florida

The Cash Flow Group a commercial collection agencies in Florida ensures your PR keeps up an excellent reputation. One of the most frustrating elements of a PR crisis is that often the company suffering the backlash hasn’t done anything wrong. Sometimes when a company and a customer, or two companies, have a disagreement the entity that suffers in public opinion isn’t necessarily the one who is in the wrong. Instead, it is often the one with the less agile PR company, or the one with the more complicated side of the story. Collections disputes are an excellent opportunity for the company in the right to find itself cast in public opinion as a mean and unreasonable aggressor.


Credit Report – The Nitty Gritty

Tuesday, July 24th, 2018 | The Cash Flow Group | No Comments

What’s in a Credit Report?

The Cash Flow Group, a Florida commercial collection agencies.

Your credit report lists what types of credit you use. It also lists the length of time your accounts have been open, and whether you’ve paid your bills on time. It tells lenders how much credit you’ve used and whether you’re seeking new sources of credit. It gives lenders a broader view of your credit history.

Credit reports include information on where you live and if you have been sued, arrested, or filed for bankruptcy.


Settling Credit Card Debt

Saturday, July 21st, 2018 | The Cash Flow Group | No Comments

Settling Credit Card Debt

credit card debt blog

Credit card debt settlement is a way of dealing with your credit card debt by paying less than you actually owe. While debt settlement ranks low on the list of desirable debt solutions, it’s one you might consider if you’re out of options and on the brink of filing bankruptcy.


  • You may ultimately pay less than what you owe. The unpaid balance is forgiven once the negotiated sum is paid in full.
  • Debt settlement may offer a more budget-friendly plan for getting out of debt within two to five years. However, settlement is not guaranteed.
  • Debt settlement is an alternative to bankruptcy.

How The Cash Flow Group Helps:

The Cash Flow Group, located in Miami, Florida, prides ourselves in our transparency. Unlike most debt settlement companies who may make big promises such as suggesting that debt settlement won’t hurt your credit score. The reality is debt settlement can’t protect you from credit score damage, debt collectors or lawsuits, and a good debt settlement company will be transparent about these facts. However, we are here to help in the best way possible, and we do our job there extremely well. The Cash Flow Group will manage your accounts receivable to ensure success in paying off debt. Out group provides debt settlement, a way to eliminate your debt by paying a fraction of what you owe. It is an option for consumers who can’t afford their current debt payments, and either can’t or won’t file for bankruptcy.

Our Call to Action:

When you settle a debt, we agree to accept less than what you owe to resolve it. Moreover, if you are unable to pay anything, we may be willing to reduce the amount you owe and settle for less. This is because we truly care about our clients, setting us apart from most companies who only care about their “pay back”.

The Cash Flow Group, Inc

3389 Sheridan Street

Suite 135

Hollywood, FL 33021


800.226.2006 Toll Free

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