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Time is the most critical factor in any debt collection. It is more important than the quality of the customer, the qualifications they may have had when you issued them credit, or any promises they might make about catching up on their payments. Every minute that goes by that you aren't pursuing some type [...]

One of the biggest points of confusion when extending credit to customers on behalf of their businesses is whether to define your agreement as being with the individual or their company. This might not seem like a big deal in the moment when you are eager to book a big sale, but it can [...]

Every business would prefer to receive immediate compensation for services rendered, but that just isn't always possible in today's economy. In many instances, particularly with big ticket items, your customers just don't have the money up front to afford the product or service you might want to sell them. This is the driving force [...]

When you decide to hire a commercial debt collection agency, one of the first things you should discuss with them is their fee structure. In many cases, they will be charging you based on their contingency rates, which are also referred to as conditional rates. In order to have a good understanding of just [...]

Collecting outstanding debts is already a difficult job, but when the consumer you are working with officially files for bankruptcy, things can get even more complicated. Depending on the type of bankruptcy they have filed for and where they are at in the process, you may or may not be able to continue your [...]

There is a lot to know about debt and debt collection, but one thing that many people never bother to ask is what happens to those outstanding balances after the death of a debtor. In many cases, the deceased never realized that their outstanding debts would need to be paid off by their assets, [...]

Since it is one of the most expensive states in the country in terms of cost of living, it should come as no surprise that California also ranks among the top states in terms of outstanding consumer debt. Living in California is expensive, and many of the residents who call The Golden State home [...]

Running a small business can be one of the most difficult and demanding things that you will ever do. No matter how good you are at hiring the right people and putting good systems in place, there is always something that is going to need your attention when you are the boss. And if [...]

The entire debt collection industry has recently come under close scrutiny in the state of Georgia, where a number of collection agencies have apparently been implementing a wide range of completely illegal actions in order to convince consumers to pay for debts that may or may not have ever existed in the first place. [...]

One of the biggest sticking points when it comes to commercial debt collection in today’s marketplace is having the ability to quickly and accurately prove that a particular debt is actually valid if the consumer should elect to exercise their right to insist on proper validation. This is happening more and more frequently, and [...]