Blog

Using Skip-Tracing to Locate a Missing Person

 Skip-tracing is a general term for the process by which one locates a missing person. The “skip” referenced in this process is the person being traced. In general, a skip is someone who has left town for various reasons, such as large debt or legal problems. The person who actually performs the search is called the “skip-tracer.” Skip-tracing a missing person can be especially difficult if the person in question is trying hard not to be found and it can be vital to enlist...

Bad Checks and what to do when you get one

A business often times receives bad checks despite their best efforts to avoid them. When this happens, the first reaction is to immediately pick up the phone and contact the customer. While that may work in some instances, there is a much higher chance of success if that business instead, turns over all of their bad checks to a national collection agency and allow that collection agency to collect on their bad checks for them. Business owners have much more important things to do with th...

Medical Receivables Funding

 Medical receivables funding is a valuable resource that is used to generate revenue for healthcare facilities. It is a financial opportunity that many businesses exploit, however it is under-utilizing by health care facilities. Our financial institution provides funding for health care providers for monthly revenue, increased services and for expansion and growth. This is a means for increased monthly revenue for home health care providers, nursing homes, hospitals, sole practiti...

I just received my judgment; will the court get my money?

 You have won a case in court and received a judgment. The requisite time delay before you can enforce this judgment has now passed. You have also written a letter to the debtor asking that your dues be paid, but they failed to respond. You even called the debtor and they just laughed and hung up.Under these circumstances what can you do with this judgment? You have several choices: hire a lawyer, enforce it yourself or use a collection agency to successfully recover your j...

Debt Collection – The Basics – How Do I Choose the Debt Collection Company

Unless your business operates on a cash basis, many businesses will face the difficult situation of being stiffed on the payment, perhaps due to a bounced check, accident or a debtor neglecting his duty to pay. All of this creates a difficult situation for a business owner where you realize how cumbersome it is to collect on all of your delinquent accounts without having the expertise on how to do so.No one would like to get involved in a situation where they have to continually ch...

Why Hire Debt Collection Agencies to Recover Your Money?

 Any person who lends money directly or who loans valuable assets will inevitably need to collect what is not being returned to them. Some customers are simply irresponsible, while others suffer unexpected financial losses and can only cover their basic expenses in lieu of meeting the financial obligation they have to your company. Whatever the case, any business person who protects his or her assets must be willing to recover, foreclose, and repossess in order to minimize losses....

Buying Bad Debt – What Is It?

There is always money to be made in both good and bad economies, especially when there are companies and individuals who incur debt and firms that are willing to make a profit by buying bad debt. Buying bad debt is a billion dollar business and, with literally millions of American companies and families racking up consumer credit card, commercial loan defaults and delinquent student loan debt, there are financial opportunities to be had. Of course, firms that purchase bad credit are never sim...

Collection Agencies – What Are They and How Do They Work?

 A collection agency is a company that is hired by a business who is unable to recover debts on the delinquent accounts in their portfolio. Some collection agencies buy the lenders debts outright and attempt to recover the money owed. Other collection agencies charge a percentage of the debt owed to the lender if they successfully recover it. Collection agencies use methods that are intended to convince or coerce the debtor to meet their financial obligations. When a debt is turne...

Don’t Agonize About Debts – Hire A Debt Collection Company

 Don’t spend your valuable time worrying about unpaid debts that you cannot seem to get paid on your own. Instead, hire a debt collection company to handle the debt recovery on your behalf. A creditor seeking payment on an unpaid debt could be any company, bank or financial institution that has supplied a service or product and has not been issued payment by the consumer. The debt collection company serves as the intermediary between the creditor and the debtor.A debt col...

Benefits of Using a Commercial Debt Recovery Agency

 Debt recovery agencies can provide their clients with a variety of benefits, due to the fact that these agencies are created exclusively to collect debts in a very efficient manner. One of the primary benefits that debt recovery agencies provide to their clients is a highly trained and experienced staff that has the ability to have a positive effect on the likelihood of a debt being successfully recovered in its entirety. Most debt recovery agencies are staffed by individuals wit...