By Cohnhead January 18, 2017
After shopping around several jewelry stores for an engagement ring, none quite seemed to match the quality and caliber of AR Morris. I found the staff to be the most trustworthy and knowledgeable of any jewelry store that I had visited (after all, the staff has Gemological Institute of America [GIA] graduates), and they took the time to explain everything important about making an educated diamond purchase, in terms that I clearly understood. AR Morris had a plethora of cubic zirconia sample rings in the store's beautiful display cabinets, which illustrated different design variations; this was especially helpful, considering they have the capabilities to custom design anything at all under the sun. When it came time to pick an actual diamond, they showed me stones of varying clarity, color, size and shape, side-by-side, helping me to determine what combo gave me the biggest bang for my budget. The staff encouraged me to see the stone under a microscope to substantiate the corresponding certification and ensure I wouldn't be paying unnecessarily for characteristics that cannot even be detected with the naked eye. I felt AR Morris had my best interest in mind the whole time. They stuck to my budget and they created the perfect, high quality, custom-designed ring that I was seeking for my fiancé. I highly recommend AR Morris for your jewelry needs--you won't regret it! ...read more
By redfox1 at Citysearch November 19, 2010
Well this company is persistent, but then why wouldnt they be. After all, they are advancing this company money for invoices. So what happens is the company get money for the invoice. Then if they collect the company pays them back part of the advance. They also tack on fees. They use all kinds of tactics including lying. The use all kinds of telephone tricks. The fact of matter is they don't leave any type of messages. They have a A plus rating with the BBB but they also have complaints lodge against them. ...read more
By Anonymous February 07, 2008
Transworld helped my office to collect money that was owed to us. We submitted our accounts over the Internet and had online reporting. The best part was we didn't pay a precentage. ...read more
Growing your small business without outside funding can make you feel as though you're forever trapped in a catch-22. You need to hire new employees, invest in new equipment and/or open a new storefront to increase sales and ultimately increase your company’s profit. But you don’t yet have enough profit needed to amass the capital you need to finance an expansion. And, without an expansion, your business is unlikely to increase its revenue. So, as I said ... catch-22. Therefore, since you are facing a capital shortfall, is a small-business loan the best option to bridge this gap? After all,small business loanscan help you get from A to B, providing vital capital to jumpstart your business expansion. Yet these loans are also notoriously difficult to get; and, should anything go south with your business, you may lose the collateral you put up for the loan. What's more, to qualify for most bank loans, your company will need to have been in business for at least one to two years and meet annual revenue requirements -- to name just some of the criteria required. Getting advice on small-business-loan criteria I had a chance to sit down with Muhammad Ali, a financial expert, and founder of The Bankly, an educational online resource that covers topics like small-business financing. Of course, our topic was small-business loans. “Not all businesses meet business loan eligibility requirements,” was Ali's initial comment on this topic. “Most banks have an income eligibility threshold of 1.25 times your expenses, including the repayment amount. [So] even if you do meet the requirements, think carefully before taking on the loan, and be sure you can service the repayment terms.” As a good rule of thumb, Ali advised choosing a loan with the lowest APR you can find, as long as your business can handle the payments. Most importantly, he said to do some “serious soul-searching” before starting the loan-application process. “Applying for a small-business loan can be time-consuming and emotionally draining,” he said. “Do your research in advance, so you go in fully prepared, with your eyes open.” Eligibility criteria for a small-business loan There are three primary types of small-business loans: bank loans backed by the Small Business Administration, microloans from nonprofit lenders and loans from online lenders. Before applying for a small-business loan, confirm your business meets the criteria: Bank loan: You’ll need excellent business and personal credit to qualify for an SBA-backed bank loan. The U.S. Small Business Administration provides general small-business loans through banks with its 7(a) loan program. According to Nerd Wallet, the average SBA loan size is $371,000, although amounts can vary between $5,000 and $5 million. To qualify, you’ll need to provide: Credit scores: Most banks require a credit score of at least 680. Business duration: Most online small-business loans require at least one year of continuous operation; bank loans typically require at least two years. Minimum annual revenue: Many banks have a minimum annual revenue threshold, ranging between $50,000 and $150,000. Know your annual revenue and confirm you meet the lender’s threshold before applying. Proof of ability to pay: As Ali told me, banks want to be sure you’re positioned to make the loan payment on time each month. You’ll need to present detailed financial statements showing that your income is at least 1.25 times your operating expenses, including the new repayment amount. For example, say your business makes $15,000 a month and your current expenses are $10,000. With the loan repayment added to your operating expenses, you need to be sure your income still exceeds the recommended 1.25 threshold. Micro-lenders: If your company is especially small, you may need to opt for a micro-lender. These are non-profits that typically lend short-term loans of less than $35,000. They also have a much higher APR than bank loans but may be useful by helping you bridge a temporary cash-flow gap. Micro-lenders require detailed business plans and financial statements, so be prepared for some serious paperwork. Online lenders: While you may lack collateral, run a new business and need money quickly, you may find that an online lender is your best option. In general, online lenders should be a “last resort.” The average APR for online loans can be as high as 108 percent, making it difficult for small businesses to pay the money off before the debt balloons. Approval rates, here, however, are high, and funds are distributed quickly, sometimes within 24 hours. If you decide to apply through an online lender, stick to an aggressive repayment schedule so you don’t find your business saddled with serious debt. You may also read more aboutHow to Start Your Own Business? Bottom line A small-business loan can be the bridge your business needs to expand. But if your business goes south, the loan could also end up casting a very large debt shadow that your company can’t get out from under. Before taking on a loan, carefully consider alternative funding options, like raising capital from local investors. Finally, be sure you’re expanding your business for the right reasons. Growing a company just for the sake of being bigger is not always better. So, don’t be afraid to take a step back and ask for third-party guidance. When you’re in the trenches every day, working long hours to build your dream company, it’s easy to miss the big picture and get stuck in the weeds. A small-business loan can be life-changing. Just be sure it’s changing your life in a positive way. ...read more
By Business Funding Pro July 21, 2018
We've just published a new edition of our newsletter! You can check it out on our website and get the latest information from Consumer Credit Counseling Service 1-888-551-1270. Let us know what you think! Read It Now Here ...read more
By Consumer Credit Counseling Service 1-888-551-1270 August 01, 2011
If internal efforts have failed to resolve a debt issue, it may be time to call in a professional. But what type of professional should you choose? A collection attorney or a collection agency. Many companies will start with the latter in the hopes that legal action can be avoided. For the most part, these collection agencies will take many of the same actions against the debtor that you may have already taken. They often start with a series of letters and then move to phone contact if the initial letters are not effective. However, the third-party power that collection agencies exhibit combined with specialized phone systems, software, and training often make them more efficient and cost-effective at collecting on delinquent accounts. Agencies are often chosen over collection attorneys because of the costs and the negative image that are associated with using legal action. This being said, the costs for collection services can vary greatly depending on the volume of accounts being submitted, the average size of an account, and the existing age of the accounts. Most collection agencies work on a percentage basis where they only earn fees only on what they collect, while others offer flat-fee pricing such as Transworld Systems. While the pay-for-performance model seems more appealing, most agencies that work on a percentage basis need to charge high percentages and are typically only motivated to collect on larger and easier to resolve accounts. If your portfolio of bad debt consists mainly of extremely delinquent accounts with high balances, and you have already exhausted other means, using a collection attorney may be your best course of action. Because debt collection attorneys can force a slow paying individual or company into court, they often exhibit more power than a collection agency. However, the costs involved can often make this prohibitive unless the balances to be collected are high. Most collection attorneys charge an hourly fee, collect at least one-third of the amount recovered, or both. They usually charge a minimum fee or may require a minimum amount of debt. Plus, payment to the attorney is typically in addition to any court-related fees and charges connected with a lawsuit, if you decide to pursue a judgment in court.As such, most companies refer debt to a collection agency first, and then turn to an attorney if the agency is unable to make headway. Of course, the goal of most companies is to avoid these issues altogether and if one is dealing with smaller balances, neither option is often real viable. GreenFlag Profit Recovery by Transworld Systems was designed to help businesses of all sizes reduce the need for traditional collection agencies and attorneys. Our proactive approach to debt collection delivers the power of 3rd party intervention while allowing our clients to maintain complete control. The proven system complies with FDCPA guidelines and has been thoroughly tested to achieve optimal results. Last year, Transworld Systems collected over $700 million for more than 60,000 clients. Our proven techniques will help your business get the money its owed without losing its customer base from overly aggressive techniques. ...read more
By Transworld Systems Collection Agency February 07, 2008
Not being able to pay your creditors due to job loss or other unforeseen circumstances can leave you feeling overwhelmed. Bill collectors will call you at all hours of the day attempting collect. A debt reduction service may be the answer for your situation, but there are scams that you will want to a... ...read more
Making sales these days is highly competitive and if you are not accepting charge and debit cards, you are missing out on sales. There are many different types of processing equipment deals as well as variables in merchant services. Learn how merchant services work and put them to use to make sales yo... ...read more