When your business first opened, you had no regular customers. Youve changed that over the years by working hard to cultivate good customer relationships and building a loyal following of customers. Its no surprise if some of your customers were affected by the deep decline in ou...
lton County, Georgia hopes to recoup $2 million from unpaid traffic tickets and code violations. Centrally located and populated by more than a million residents, the Atlanta county recently contracted with four private firms to collect the unpaid fees. DeKalb County, Atlanta, Al...
In this series of five posts, we explored common myths in debt collection, from accepting partial payments to collecting charged off accounts, discussing the truth behind a different myth each day. Myth: All debt collectors are the same. Fact: All debt collectors are NOT the same...
In this series of five posts, we will explore common myths in debt collection. From accepting partial payments to collecting charged off accounts, learn the truth as we discuss a different myth each day. Myth: If a borrower demands it, a creditor must cease all collection effort...
Youve just received an official notice in the mail that says a person who owes your company money has filed bankruptcy. What now? 1. Can you call the individual debtor and demand paymen t of the debt? No. The filing of a bankruptcy petition invokes what is known as the Automatic ...
Zombie Debt is a catch-phrase weve seen tossed around headlines for a few years. Generally, the term refers to debt that is no longer collectable due to old age or bankruptcy discharge that a debt purchaser seeks to resurrect. Though the phrase has been around for some time, a re...
A federal judge temporarily halted an alleged telemarketing scam in Philadelphia that defrauded financially strapped consumers of $4.82 million according to the Federal Trade Commission. The FTC, which asked for a temporary restraining order Jan. 26, said the scheme involved bogu...
To succeed, businesses must be paid quickly and in complete for solutions made or products sold. Carefully written and followed credit score and selection guidelines can improve selections. Such guidelines include: procedures for using credit score applications, handling charging...
To succeed, businesses must be paid quickly and in complete for solutions made or products sold. Carefully written and followed credit score and selection guidelines can improve selections. Such guidelines include: procedures for using credit score applications, handling charging...
The Federal Reserve said last week that consumer borrowing on credit cards, car loans, student loans, and other kinds of installment debt rose at a 9.9% seasonally adjusted annual rate in November, the fastest monthly increase since November 2001. That was when the economy was bo...