Almost every business owner comes across a difficult debtor at least once in their lifetime. Troubling economic conditions, financial mismanagement, or just plain loss of the business, there are various reasons why a customer might have difficulties meeting those debts. But, if you think of it — is it your fault? Absolutely not! This is [...]
There are situations where a business has exhausted it’s efforts when it comes to collecting debt. Letters have been sent, calls have been made, resources have been used at your expense, yet the debt remains. Here are a few tips to help you during the debt collection process: #1 – Be Positive and [...]
When it comes to the debt collection process there are two “sides”—the side of the consumer and the side of the creditor. Today we are going to focus on the creditor-side process. The Fair Debt Collection Practices Act, under the authority of the Federal Trade Commission, is the primary law governing debt collection processes. The [...]
When it comes to the debt collection process there are two “sides”—the side of the consumer and the side of the creditor. Today we are going to focus on the creditor-side process. The Fair Debt Collection Practices Act, under the authority of the Federal Trade Commission, is the primary law governing debt collection processes. The [...]
