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Skip-Tracing: Locating Debtors Who Have ‘Skipped’ Town With Your money

 If you want to find somebody who owes you money, try skip tracing. Anyone who “skips out” on a financial obligation can be found and courts can make them pay you. Skip tracers are those who work for debt collectors. Their job is to track people down so that they can be served with legal papers or their assets can be seized or modified by a court.Skip tracers also spend a lot of time tracking “dead beat” parents who have refused to pay their half of child support pa...

Bad Check Recovery

As a business owner, one of the most frustrating pieces of mail you can ever open is a letter containing a check written by one of your customers that has been returned because of non-sufficient funds, a closed account, or a stop payment. It can be even more frustrating when you attempt to collect the now outstanding debt and find that it is not as easy as you may have initially thought. Odds are that your company is not the first that the customer has written a bad check to, so most debt...

4 Major Considerations for Hiring a Collection Agency

The first consideration one should consider when hiring a collection agency is choosing one that has a great reputation. This is important for several reasons. Depending on what kind of business you are in, you may not want the debt collector harassing your customers needlessly. For instance, if you have a medical practice, you may not want to harass your terminally ill patient that is sincerely doing their best to pay the bill. Another important factor to take into account is to find out...

Default Judgments, What to Do When the Debtor Won’t Pay

Once in awhile, some customers dislike paying their bills and subsequently refuse to pay what they owe. These customers can significantly hurt a company’s profit, making it much more difficult to succeed in an already difficult economy. Fortunately, businesses do not have to sit back and allow irresponsible customers to take advantage of them. There are steps that companies can take to recoup from their losses and collect what they are owed.After weeks, or even months, of attempt...

Debt Collection recommendations for the small business owner

Debt is one of the worst things to happen to anybody especially when it comes to small business owners. Some clients will not pay you due to a few reasons and in order to make any money, you have to go after them by hiring a debt collection agency. It doesn’t help when people are losing their job and the typical reaction is to not pay their bills. Most people seem to stay away from telling a debt collection company that they owe money to that they can’t afford to pay. And since they�...

How is accounts receivable funding different than a loan from a bank?

 Is your small business in financial trouble? Do you have several thousands in accounts receivables, but are unable to get the money now? There is an option that can get you your money now and with ease! An accounts receivable funding company can give you a type of loan. However, it is not necessarily a loan per se. A company will give you money based on how much your customers owe you, then you pay the company back when your customers pay. Of course, there is a small interest rat...

How to Collect a Debt Using a Debt Collection Agency

 It is important to be able to collect your debt using a collection agency. Modern debt collectors use a variety of methods to collect debt. A debt collector can help you to recover debt after winning a settlement. A debt collector can go anywhere to collect debt and can even work internationally. OK, you have won a judgment or settlement in a court of law, now what? A collection agency can help you recover that debt.Debt Collectors work by a variety of methods.Jus...

Benefits of Using a Commercial Debt Recovery Agencies

 Debt recovery agencies provide their clients with a variety of benefits because these agencies are created exclusively to collect debts in an extremely efficient and effective manner. One of the primary benefits that using a debt recovery agency provides is a highly trained and experienced staff that has the ability to have a positive effect on the probability of a debt being successfully recovered in full. The on-the-job training in debt collections is one of the greatest assets...

Business Debt Collections

You wouldn’t let someone walk out of your store without paying, would you?. If that happens too often, then you naturally go out of business. Therefore, why would you let someone skip out on a debt that they rightfully owe you? The equation does not make a lot of sense when you use this analogy. That is why you have to collect all debts owed to you. The easiest way to do this is to use a debt collector.Hiring a collection agency is a great way to recover all debts emanating from ...

Selecting a Collection Agency

 There are many great things about running a business and a lot of people find that working for themselves is one of the best things that they have ever decided to do. Although running one’s own business can be incredibly rewarding, a lot of people find that the amount of work that they are required to dedicate to their business can be overwhelming, and many of them have found ways to get around having to do so much work. One of the most time consuming aspect of any business has...