Since debt collection is a sensitive and highly regulated process, companies should be strategic to avoid any legal backlash. Various federal legislations have been introduced to help secure consumer rights and to help ensure ethical practices. One way that companies...
When a homeowner cannot pay their mortgage, the lender has a few options. One of these is foreclosure, where the lender reclaims the home and sells it to a third party. This process requires the current homeowner to vacate the property and can take months to complete....
You have every legal right to collect what is owed to you, but do you know what options are available? Florida offers legal remedies to collect from your debtors and recover the money owed to you. Here are some to consider. Filing a lawsuit Creditors can begin the...
Learning that a person or business that owes you money has filed for bankruptcy is certainly not good news. However, that filing doesn’t necessarily end your chances of getting at least some of what they owe you. Anywhere from about three weeks to two months after a...
When your business provides goods and services to a client, you expect to be paid for them. This is most likely what was agreed in the initial contract. Once you have completed your end of the agreement, you can send an invoice out as a reminder of payment. For the...
Trying to get people to pay the money they owe you can be one of the most frustrating parts of running a business. To make matters even more complicated, you need to be very careful how you go about trying to persuade them to pay up. There are considerable laws to...
You may feel frustrated when trying to get past clients to pay what they owe. You know that they have not paid back the debt, and so do they. You know that they are supposed to pay it in full, but they are making excuses or simply refusing to do so. You can request...
An invoice is essentially a bill that you send to clients for your products or services. This may seem simple: You tell them the amount owed, and they pay it. Nonetheless, it is much more nuanced than this. What’s included in your invoices can make a big difference in...
As a business owner, your company may be experiencing cash flow problems. The business model works, but you’re just running out of money. This is holding the company back because you can’t meet orders, pay your staff or expand your operations. One reason for these...
Lenders that provide car loans know that those borrowers may eventually default on their loans. The vehicle acts as collateral. Since it still has a specific financial value, a lender can repossess the car over nonpayment. This vehicle could then be sold to another...