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Finding a Good Debt Collection Agency or Debt Collectors

 No one enjoys dealing with clients who are behind on their payments. However, it is the nature of any business that entails subscriptions, billings or issuing credit that a time will come when one has to address collections on an account that is in arrears. As a simple matter of fact, it is be a far more wise to avoid trying to collect on delinquent accounts yourself. Rather, hire a debt collection service that is capable of handling such tasks on your behalf.Of course, in...

When To Send A Debt To Collections

Knowing when it is time to send your debt to a collection company is crucial. Once you have made several attempts to collect a debt on your own, using your own resources and come up empty-handed. Despite your best efforts the person who owes you may simply be unwilling to repay the debt. You have done everything within your power to collect on this debt, but have for some time, been unsuccessful. Then now is time to pass this debt along to a professional debt collection agency. A collecti...

Business To Business Debt Collection

 For a business, collecting delinquent debts can be a difficult process, but it becomes particularly difficult to maneuver when collecting from another business. Many companies find it difficult to successfully collect what it is owed, while maintaining a working relationship between the two businesses. Walking this fine line has proven to be no easy task; many businesses instead outsource this process entirely, placing the responsibility to recover a debt on to a collections agen...

Using Skip-Tracing to Locate a Missing Person

 Skip-tracing is a general term for the process by which one locates a missing person. The “skip” referenced in this process is the person being traced. In general, a skip is someone who has left town for various reasons, such as large debt or legal problems. The person who actually performs the search is called the “skip-tracer.” Skip-tracing a missing person can be especially difficult if the person in question is trying hard not to be found and it can be vital to enlist...

Bad Checks and what to do when you get one

A business often times receives bad checks despite their best efforts to avoid them. When this happens, the first reaction is to immediately pick up the phone and contact the customer. While that may work in some instances, there is a much higher chance of success if that business instead, turns over all of their bad checks to a national collection agency and allow that collection agency to collect on their bad checks for them. Business owners have much more important things to do with th...

Medical Receivables Funding

 Medical receivables funding is a valuable resource that is used to generate revenue for healthcare facilities. It is a financial opportunity that many businesses exploit, however it is under-utilizing by health care facilities. Our financial institution provides funding for health care providers for monthly revenue, increased services and for expansion and growth. This is a means for increased monthly revenue for home health care providers, nursing homes, hospitals, sole practiti...

I just received my judgment; will the court get my money?

 You have won a case in court and received a judgment. The requisite time delay before you can enforce this judgment has now passed. You have also written a letter to the debtor asking that your dues be paid, but they failed to respond. You even called the debtor and they just laughed and hung up.Under these circumstances what can you do with this judgment? You have several choices: hire a lawyer, enforce it yourself or use a collection agency to successfully recover your j...

Debt Collection – The Basics – How Do I Choose the Debt Collection Company

Unless your business operates on a cash basis, many businesses will face the difficult situation of being stiffed on the payment, perhaps due to a bounced check, accident or a debtor neglecting his duty to pay. All of this creates a difficult situation for a business owner where you realize how cumbersome it is to collect on all of your delinquent accounts without having the expertise on how to do so.No one would like to get involved in a situation where they have to continually ch...

Why Hire Debt Collection Agencies to Recover Your Money?

 Any person who lends money directly or who loans valuable assets will inevitably need to collect what is not being returned to them. Some customers are simply irresponsible, while others suffer unexpected financial losses and can only cover their basic expenses in lieu of meeting the financial obligation they have to your company. Whatever the case, any business person who protects his or her assets must be willing to recover, foreclose, and repossess in order to minimize losses....

Buying Bad Debt – What Is It?

There is always money to be made in both good and bad economies, especially when there are companies and individuals who incur debt and firms that are willing to make a profit by buying bad debt. Buying bad debt is a billion dollar business and, with literally millions of American companies and families racking up consumer credit card, commercial loan defaults and delinquent student loan debt, there are financial opportunities to be had. Of course, firms that purchase bad credit are never sim...