As a Debt Collection Agency we are keenly aware of the pitfalls of verbal commitments. I would like to share some of the problems involved and their simple solutions.
Casual acceptance of information creates big problems in commercial collections. Here are 5 checks you can implement to avoid risk.
Getting positive results with collection letters and an empathetic approach.
Legal action against debt collectors frequently favors the attorneys and not the consumer.
Our Status Reports are available from our web site 24/7. They are easy to read and completely secure. Our Clients can change variables to customize how the report appears.
Will statue of limitations prevent you from collecting a debt in your state?
Best practices for in-house collections departments to navigate changing federal regulations.
The Consumer Financial Protection Bureau will be cracking down on original creditors.
Outsourcing screening and debt collection may be the cheaper option.
Short sales are a ticking credit time bomb guaranteed to become a debt collection nightmare.
When to use fixed fee letters instead of contingent debt collection.
Settlement is never desired, but sometimes, it's the only viable choice and one that makes sense in the long run.
Where does the burden of proof lay in debt collection disputes?
A collection of $8 is just as damaging as a collection of $5,000.