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...
As a business, you rely on prompt payment, but not everyone makes good on their debts. A lot of attention is placed on the rights of debtors, but remember, you also have rights as a creditor. Legal guidance can improve your odds of collecting business debts – and the...
When you first began manufacturing products, you just sold them to customers directly. The business was small, but growing organically. You eventually started to get some of your products in local businesses. But then you got what you thought was a big break. A...
There are many different types of media piracy or theft. For instance, people will sometimes illegally stream videos or TV shows. They may download files from other users without paying for the content themselves. For those who have cable, there are forms of both...
Businesses that rely on clients to pay invoices sometimes have a difficult time with collections. It can be difficult to know that you provided goods or services on good faith that the client will pay only to have them end up unresponsive. Certain signs can clue you...
In some cases, cable companies need to seek compensation or take legal action because services are being stolen. This has gotten a bit more complicated in the modern era, with the rise of streaming services and smart TVs that rely on Wi-Fi connections more than cable...
Small businesses often operate on tight margins, particularly in the beginning. This means that they require prompt payments to survive, and delayed payments can really take a financial toll. Fortunately, as a small business owner, you do have legal rights. There are...
It's frustrating to wait to be paid for products and services provided. You make phone calls, send polite reminders, and eventually end up working with a collection agency in the hopes of receiving the compensation you are owed. Then you hear the debtor is planning on...
Social media platforms are not just for personal expression and networking; they have also become invaluable tools for business purposes. This is true to the extent that it is often difficult for a company to sustain success if it does not maintain a significant...
Some debtors are not willing to give up assets to debt collectors. These debtors may actively hinder a collector’s efforts to locate and collect assets to resolve repayment obligations. There are several lawful ways debtors can safeguard assets from collections when...