When someone owes you money and falls behind on payments, you can take them to court. If the judge agrees that you deserve that money, they will issue a judgment in your favor. A judgment can help you collect on a debt by garnishing someone's wages or placing a lien...
Your company loaned money to someone who has failed to pay it back. You've tried to collect for a while, and they've informed you that they're going to declare bankruptcy. They don't believe they can ever get out of debt without it. You're wondering if this means that...
Collecting on a debt is something that comes with time limits. In Florida, there’s a five-year limit for collecting on a debt. This clock starts when the person misses their first payment. It restarts with each payment they make on the debt. Once a debt expires, it’s...
Companies can’t make ends meet and remain successful if they allow customers to obtain goods and services without paying for them. When the business allows people to make purchases on credit or through a billing system, there’s a chance that the person won’t make the...
People will usually get defensive when a bill collector contacts them. Sometimes, debtors can be downright rude. As a professional debt collector, however, it’s up to you to ensure that you comply with the applicable laws that govern the profession. You can never...
Chasing money owed to you can be a tiresome process. Some debtors will do everything they can to avoid you or obstruct your attempts to collect from them. Yet, if you are persistent and get the right help, you should triumph in the end. When a debtor dies before...
You expect someone who owes you money to pay up, or otherwise, commits to clearing their dues. Sometimes, it's not the case, and they might even start ignoring your attempts to collect the debt. If that is the case, it may be time to explore wage garnishment. It is an...
You are a business owner in Florida, and you are eager to get the money owed to you by a debtor. Nothing you have tried thus far has been successful. Things have finally gone your way, however. You won a judgment in court against this debtor. Now, the process can...
It’s frustrating when a customer won’t pay their bill. It’s even more frustrating when all your collection letters, phone calls, email reminders and other attempts at “easy” collection are ignored. Eventually, you have to decide what you’re going to do about any...
Your business or lending institution provides capital to businesses that need it. Ideally, this allows them to distribute the goods and services their customers are looking for, and they can pay the money back -- with interest. As you well know, though, some...