Debt Collection Tag

Debt collection can be an uncomfortable topic for many small business owners.  Very few people get into business to pursue debt.  There are many ways to approach debt collection and almost all of them require some level of finesse.  If you are having issues collecting receivables, keep your cool. Do Not Take It Personally Too often, small business owners get upset right away when a client...

Most people who have unresolved debt have received mail, phone calls or even at-home visits from debt collectors.  While it always feels intrusive, did you know that these debt collections practices may actually be illegal?  The Fair Debt Collection Practices Act (FDCPA) was enacted in 1978 to protect consumers from abusive and/or deceptive actions taken by debt collectors.  According to the...

Being sued for debts is a stressful experience. No payment of debt is not an intentional act, but usually comes about due to unforeseen circumstances. For most people an unexpected life circumstance leads to debt quickly piling up, which is impossible to pay. All it takes is one catastrophic event, such as being diagnosed with cancer or being in a serious accident, for your finances to take a...

The decision to file for the protection of bankruptcy is on that should be made only after careful consideration. While the stigma that was once associated with bankruptcy is all but gone in today’s society, there are still consequences to filing a case. When you are armed with the knowledge of possible outcomes and how a bankruptcy filing impacts things like your credit score, an informed...

These names may be foreign to some, but the companies that operate within their confines are not. If you (or someone you know) have ever been subjected to debt collectors, then you probably are well aware of who phantom or zombie debt collectors are. According to a report issued by CNN in July 29, 2014 one in three Americans are now dealing with debt collectors. Types of Debt Collectors Debt...