There are countless challenges that can interfere with the right to collect valid debts. People who owe money to businesses may return mail unopened, refuse phone calls, change their phone numbers, addresses and even their jobs to avoid collection efforts. In some...
Extending credit to customers can help grow a business, but unpaid accounts can quickly disrupt your business’s cash flow. Before beginning collection efforts, it is important to understand the legal and practical rules that apply. Debt collection is not just about...
Creditors seeking payment for valid debts must comply with state and federal laws regarding debt collection practices. If regular phone calls and letters are not enough to pressure a debtor into financial compliance, then creditors may need to pursue more aggressive...
Reports from 2025 show that consumer debt has hit historic levels in the United States. It exceeded $18 trillion in the financial quarter running from July to September, technically hitting a high point of $18.59 trillion. This is the highest consumer debt level ever...
Being owed money can create stress and uncertainty, especially when payment does not arrive as promised. Whether the debt arose from a personal loan, a business transaction or unpaid services, taking early and structured action is important. Legal debt collection does...
As a business owner, you naturally hope that clients and customers will pay you promptly. However, there may be situations where you have already provided goods or services and the customer has a contractual obligation to pay, but they fail to do so. Typically, a...
The theft of services or utilities can be significantly problematic on many levels. The person being stolen from may not even realize that it is happening at the time. But the company that provides those services certainly may be aware, as they are losing potential...
Modern cars cost more than they ever have. In many cases, buying a brand-new car means taking a loan for around $50,000. Prices have been rising for decades, of course, but have seen a substantial rise in the last 5-10 years. This is having a significant impact on...
Going to court to address debt is sometimes necessary. Businesses dealing with borrowers who default can ask the courts to issue a judgment. A judgment can lead to more effective collection options, including wage garnishment and property liens. However, civil court...
Many people avoid paying overdue debts. Some people are not likely to start paying their debts anytime soon if they are constantly badgered about their financial obligations. Getting debtors to repay their debts can lead to a lot of frustration for debt collectors. ...