Debt Collection Archives -

Tag : Debt Collection

Home»Posts Tagged "Debt Collection"

Debt Collection Strategies for Your Small Business

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 misses a payment.  There are tons of simple reasons why this could happen:

  • Sometimes people just forget things;
  • The client could have misunderstood the payment terms;
  • You could have forgetting to send them the invoice;
  • There could have been a technical issue for the payment.

Before you raise arms against the client, make sure you cover your bases by checking on the simple stuff.

Are You a Victim of Predatory Debt Collection Practices?

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

Is Bankruptcy The Answer?

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