It can take a long time to go from early collection activity to a judgment against someone who defaults on a debt. You may have spent months sending written notices and making collection phone calls before you filed paperwork for a lawsuit. You may have waited many...
Millions of Americans are in some form of debt -- and not all of them are willing to pay, even when they can. Every single day, hundreds of debt collection agencies contact debtors in an attempt to recover debt on behalf of their clients. Most debt collection...
As a creditor, you’ll understand the frustration of debtors who fail to keep up with their repayments. You’ve followed every procedure to the letter and the only step that’s left is to commence legal proceedings. That’s the point at which a writ of replevin comes...
So after months of a protracted court battle, you have obtained a collection judgment for your client. You have sent a written discovery and followed the debt collection process. You’ve basically played by the book. But there is a problem: there is nothing to collect...
Credit is an integral part of our lives. From credit cards to home financing to car financing, Floridians take credit for a variety of reasons. However, when a debtor fails to make their car repayments in time, then one of the options the financing company can take is...
You do so in good faith when you extend credit to someone to purchase a product or service from your business. The expectation is that they will repay the debt. However, if the debtor passes away before the debt is repaid, you may wonder what rights you have to...
Cash flow issues can really hold a business back. You may have a great idea to reach a new market or create a new product, but you simply don’t have the cash coming in. It can be very difficult for business owners to balance their debts and assets properly, even when...
Having people owe you money is never a good situation to be in. Unfortunately, businesses and lenders face this situation all the time. As you work to collect the money you are owed, you must ensure you aren’t breaking any rules. The Federal Trade Commission has...
Client and customer debt plagues most commercial enterprises, from banks and credit unions to those engaging in domestic and international trade. Unpaid debt affects your business operations, your success and your company's longevity. You may think that partnering...
The likelihood of collecting outstanding amounts in full from your company’s debtors decreases as time passes. Therefore, it is crucial to deal with overdue invoices as soon as possible to protect your business from financial losses. Here are some tips that can help...