PICB's Monthly Digest of Sound Credit And Collections Practices

Volume 11, Dec. 2014   
    

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|_| |_|\__,_| .__/| .__/ \__, | |_____|\___/|_|____/ 

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 Best Wishes for a Happy Holiday Season and a Happy New Year!  

 

With much respect, 
  
Andrea and All  of the Printing Industry Credit Bureau Team

       
Original Artwork by Marc. Art, Inc. [email protected]

G.E.T. S.M.A.R.T.  

AND AVOID 

C.H.A.O.S 

By Andrea Schlack

 

 

Each year hardworking business owners lose money to fraudulent companies who were extended lines of credit. When deciding on how best to manage your receivables G.E.T. S.M.A.R.T. and be your own Agent 99 (I mean come on Don Adams Agent 86 was kind of an idiot). Don't let C.H.A.O.S. ruin your revenue stream with these simple steps. 

 

 

G

ather information on your potential customers before a line of credit is extended.

E

xamine the company by searching for lawsuits, tax liens, and entity status.

T

horoughly assess your customer's ability to repay any lines of credit by determining the company's assets and revenue flow.

S

afely extend conservative lines of credit with new customers until a payment history has been established.

M

onitor your receivables on a regular basis in order to identify slow-paying and delinquent accounts as soon as they are past-due.

A

lways have personal guarantee's on larger lines of credit that are extended to smaller businesses.

R

e-assess customer accounts by double checking with trade references, entity status, and lawsuits to identify problem accounts before they happen (Re-assessment is recommended at least once a year).

T

rust that you have taken the necessary steps to have CONTROL over your receivables.

Avoid C.H.A.O.S. by 
identifying the actions that cause it:
C

ompany has not been researched properly regarding entity status, lawsuits, and liens.

H

igh lines of credit extended without a secure loan or personal guarantee.

A

ssets and revenue stream have not been determined.

O

ld accounts have not been re-evaluated by re-checking with trade references, entity status, and lawsuits.

S

ignatures are absent and all contracts are done with a handshake and a verbal guarantee.

As 2015 approaches remember to be your own Agent 99. 
G.E.T. S.M.A.R.T. and avoid C.H.A.O.S.!

 

 

Questions?  
Call us any time at (847) 265-0400
For Collections, visit PICB: www.picb-us.com
For Risk Assessment, visit Check It Co: www.checkitco.com

 

 

Good Collections Is Not About 

Being a Bully



 



 

Hi Andrea,


 

Thank you for all your help resolving the invoice dispute with my customer. I tried for a year to resolve the dispute by myself.


 

It seemed that it would be easy because they had paid all the other invoices. After a year of trying, I finally made the call to PICB.


 

Within 2 weeks the dispute was resolved and I still have a customer! Actually, out of the 2 other times I used you, the only customer I lost was the one that went out of business. You are a great resource for our company.


 

Thanks again

 

Chip Janutol


 

Janutol Printing

 



 

 

          


Collection Services 

PICB is the printing industry's dedicated commercial collection agency that has helped printers recover unpaid debts for over 35 years.  Our collection expertise, personal service, dedication, and intimate knowledge of the industry produce superior results at rates below industry averages.


√Check It Company

PICB's sister company created an easy to use web portal to government sponsored web-sites that provides real-time, free information you may find helpful in determining a customer's stability or viability. These sites provide you the ability to verify business registrations, civil court records, lien information, and much more.

 

Credit Risk Assessment Reports 

No time to research your customer's background?  PICB's sister company, Check It Co. can help. Check It Co's Credit Risk Assessments compile reports the old-fashioned way with hands-on, extensive research using 21st century tools.  Know your customer before you do the work and you won't get KISSED. 


PICB's free web-based tool, located at www.picb-us.com near the center of the navigation bar, provides free access to our database of customers who haven't paid printers.  Look up your potential customer and see if PICB already knows them.  It may save you some heartache. 
Thanks for subscribing to our newsletter!  
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Printing Industry Credit Bureau - PICB

(847) 265-0400
Quick Links  


Your Staff at 
Printing Industry
 Credit Bureau

Andrea Schlack 
President

 Dennis Adams

Vice President
Collections Manager

 

 

 

  

 

   

KARMA=

"(in Hinduism and Buddhism) the sum of a person's actions in this and previous states of existence, viewed as deciding their fate in future existences. "

(Reference: GOOGLE)

 

 

 

 

Don't let them  

bite twice!

 

A partial list of Uncollected Judgments for DEC. 2014. 

 

 

 

 Click here

to view the full list.

 

 

 

 

Associated Air Products 

(FL)

 

Berg Printing Enterprises, LLC dba Masterprint (WI)

 

Blue Ink

(IL)

 

CCMP dba BerylMartin 

(IN)

 

Christopher Nicholas Campos dba Campos School Portraits 

(AZ)

 

CMY&K Advertising

(NY)

 

CMY&K Publishing

(NY) 

 

Dale Jaslove Ind dba Healthcare Construciton 

(MI)

 

DBR Enterprises Inc & Anna Fregron as Personal Guarantor  

(SD)

 

Desi Talk Inc (dissolved)

Hemant, Inc. (dissolved) 

Brahmbharr, Inc.

(dissolved)

(IL)

 

Direct Media Marketing, Inc. 

(NE)

 

El Sol Newspaper 

(IL)

 

Ewa Kuchino dba A to Z Media Graph (dissolved) 

(IL)

 

Frank Finocchiaro individually & T/A LBT Systems & LBT Systems, Inc.

(NJ)

 

First Fruits Beverage Company 

(VA)

 

Gregorys Furniture & Mattress LLC

(NJ)

 

Higher Standard Entreprises Inc dba Intouch Publishers.com

(NC)

 

Hip Hop Weekly Entertainment, inc. 

(FL)

 

Home Video Studio, Inc. 

(IN)

 

Hometown Heating & Cooling, Richard E. Fox, individually

(NY) 

 

Indian Hill System Inc, Robert Kelly

(IL) 

 

 Jeffrey Samuel Perry dba Chicago Salon & Day Spa

(IL)

 

Jill Morgenthaler for Congress

(IL)

 

Jim Weems dba J Print Services

(ID)

 

Joseph D. Rinder dba Beltone Hearing Aid Center, and individually

(NJ)

 

Karry Matheson dba Matheson Custom Print, and individually

(UT)

 

Kenmar Stationary

(NY)

 

Kristys Moore A/K/A Kristys Waggoner D/B/A Orion Publishing

(CA) 

 

Lori Hutchings D/B/A Kangaroo Cardio and Kendra Meeker D/B/A Kangaroo Cardio 

(KS)

 

MBL Communications Inc.

(NY) 

 

Plan-a Day Enterprises LTD D/B/A The daily Planner

(IL)

 

Pol-Med Co. an IL Corporation
(IL)

 

Sandesh Publications Inc an Il Corp

(IL) 

 

South Street Journal Inc An IL Corp And Ron Carter D/B/A

(IL)  

 

Steve Bonica D/B/A  Romanian Tribune

(IL)