The debt collection business cranks up in an economic downturn, and as a result is a bellwether for future events. At Woodworth & Frisella we are experiencing a mild up-tick in business, which appears to be gaining steam on a daily basis. More telling is the fact that most failures to pay are not about disputes but about cash flow.
In these times it is important to remember that whoever gets there first often is the one who gets paid. This is not the time to sit on your accounts receivable.