There IS a right time to stop talking to the debtor! When your customer receives that first demand letter from your commercial debt collection agency, they may pick up the phone to talk with you. Maybe they want to strike … Read More »
The debt Collector working your account will be far more likely to collect monies owed to you if you have plenty of documentation. Think of each of your accounts like a story. Like any good story, we have a rosy … Read More »
The IACC reports that, according to data from Epiq Systems, Inc., total US bankruptcy filings in October increased 16% when compared to September. Commercial filings were up 19% from 4,029 filed in September to 4,780 in October. Commercial chapter 11’s … Read More »
Extreme Debt Collectors: What’s Their Secret To Success? You’ve heard the horror stories: Debt collectors who go to negative extremes to collect a debt, sometimes in ways that are extremely unethical or just plain low. The debt collections business is … Read More »
When should you place an account with a collection agency? It’s not unusual for creditors to be uncertain about when to involve a commercial collection agency to resolve a debt. How soon is too soon? How late is too late? … Read More »