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Working Quickly And Aggressively To Collect Your Debts
As a business owner, you need to manage your cash flow carefully. You need to know when money is coming in and going out, so that you know how much you can invest and spend on your business. One of the issues that many business owners run into is that some clients or...
When a person or business owes you money, you may have to go to great lengths to convince them to pay. Frequent phone calls, strongly worded letters and even civil lawsuits may be necessary to convince someone to repay what they owe you. Occasionally, the people who...
For many people, part of the American Dream is getting to go out and buy that first brand new car. Yes, it costs more than a used car, but you get a pristine vehicle that is yours alone. However, a modern car generally costs $25,000 or more. A pickup truck may start...
Someone that owes you money may be willing to go to extraordinary lengths to avoid paying you, despite the fact they have sufficient funds to do so. One tactic they might use: Transfering money or assets to a place where they think it is safe. Florida’s Uniform...
The majority of students have to take out loans to go to college. Unlike other countries, the United States does not have tuition-free education at the university level, so tuition is a major financial investment. Naturally, many 18-year-olds have little income and...
Trying to get someone to pay on a past-due debt can seem almost impossible. There are people who will go to extreme lengths to avoid their financial responsibilities. If your business doesn't treat collection activity as its main service provided, it might be hard for...
Business ownership comes with its many perks. The sky's truly the limit in terms of how much you can make. Unfortunately, business ownership comes with some downsides, too. One of those is when your customers or clients don't pay their bills. Most business owners...
As a business owner, you should know that there is a statute of limitations on debt collection. It can last anywhere from three to 15 years, depending on the state, which can make it hard for you to collect if the debtor continues to ignore your attempts. Federal laws...
Many companies take on debt to grow their businesses, and one tactic is borrowing funds from their shareholders. The issuance of debt works a bit differently from other financial instruments. How issuance of debt works Debt issuance isn't new. Most people are...
When your business lends money to someone or extends credit to individuals for purchases or services, there is always the risk that someone won't repay what they owe you. Hiring an outside collection firm can seem like an expensive solution, so you might feel like...
