Debt Collection Laws May Alter How You Recover Bad Debt In Your Business

As it concerns trying to recover past due accounts from your debtors, they myriad of debt collection laws can, at times, feel like a stumbling block. Certainly, your primary goal is persuading as many delinquent customers as possible to pay their debts, and help keep your business’ cash flow strong.

Know These Four Tips To Craft A More Potent Demand Letter

If your business is responsible for its own in house debt collections, you already understand the need to send out demand letters to late-paying customers from time to time.

Legal And Illegal Tactics A Debt Collector Will Use: Debt Collection Basics Part Three

In the first two articles I defined what a delinquent account that had been sent to collection was, how sending late accounts out to an debt collection company benefits a creditor, and the practice of selling an old debt to a third party collection agency.

NCO Financial Systems

NCO Financial is one of the largest collection agencies operating in the U.S. Unfortunately they have earned a bad reputation for putting in negative records on the consumers’ credit reports. They are often known to harass people in an effort to collect money by hook or crook. Their only aim is to get consumers to pay them the debt.

Save Dough On Superbowl Sunday

Even though we are in the middle of a recession, and many of you are in debt, there is no reason that you cannot throw a really great Super Bowl Party.

Rising Foreclosures This Year

Recent research by RealtyTrac Year-End 2009 Foreclosure Market Report shows us that 3,957,643 foreclosure filings have been reported on 2,824,674 U.S. properties in the year of 2009. This also includes foreclosure auctions that were scheduled, default notices and bank repossessions.

Debt Collection Agency Gets Healthy

A debt collection company based in California initiated a ploy to educate and motivate employees to live healthier lifestyles in early January. There are twenty eight employees at the company; more than half are participating in the program..

Mutual Funds For Beginners Part One

Are you new to the stock market game? Not a problem! This series of articles on mutual funds will make it easy for you to understand what a mutual fund is, what it is all about and whether it is worth your while to invest in one. My first three articles are titled “Mutual Funds For Beginners” and they lay down the basics.

Medical Collection Companies Aid Software Developers Sell Product

iVolution Medical Systems, a West Hampton, New York located health care systems firm, is taking a different approach. The 4 year-old company, started by former Wall Street consultants to the health care industry, entered the medical receivables space by receiving experienced billing and collections companies. First there was Professional Health care Billing Services (PHB) of Palm Springs, California in March, and then Continental Collection Services of NY, earlier this month (iVolution Medical Systems Acquires Continental Collection Services, May 13).

Declaring Bankruptcy: Automatic Stay And How It Protects You From Creditors

U.S. Bankruptcy Code imposes something called an automatic stay the moment that a petition for bankruptcy is filed. The automatic stay will usually halt the commencement, enforcement or appeal of actions and judgments against a debtor from the creditors they owe money to that are attempting to collect these debts incurred prior to the bankruptcy petition. In addition, the automatic stay protects property of the bankruptcy estate itself from collection actions and proceedings.

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