Lockhart, Morris & Montgomery, Inc.

How the Collection Process Retains Valued Customers

For any business, losing a customer is painful. You’ve invested time and resources into acquiring that customer, building a relationship, and delivering your products or services. When a valued customer falls behind on payments, that entire relationship can be at risk if not handled properly. Attempting collections in-house can be an emotionally fraught and tedious […]

Types of Debt and Their Consequences

accounts receivable management

It’s easiest to think of debt as a financial instrument individuals and businesses commonly use to fund purchases or investments. That is, it’s not good or bad. It’s just a strategic move. While some types of debt can be a helpful tool, others can pose significant challenges if the debtor becomes unable or unwilling to […]