Many businesses lend money to consumers or allow them to take credit when making purchases. However, when a consumer doesn't fulfill their obligation to make payments, then the business may take it into their hands to collect the debts owed. When collecting debts,...
Collection
How wage garnishment helps Florida creditors
Most people pay back what they owe on time, if not more quickly than an agreement they’ve made requires. After all, lengthy repayment will often mean paying more in interest and could drag down someone's credit score. Unfortunately, for every responsible credit user,...
Can you let a business associate “settle up” before bankruptcy?
Your company has had a long relationship with another business – and you’re pretty friendly, at this point, with the owner. When the company had a few rough months, you were more than willing to cut them some slack on their payments. Now, however, it seems like their...
2 options for businesses affected by a debtor’s bankruptcy filing
There are numerous scenarios in which an individual might end up owing your business a significant amount of money. If you provide financing, whether your company offers credit cards or helps people purchase vehicles, the risk is always there for someone to fall...
How to encourage customers to pay on time
You’ve built a successful company and you deliver the highest quality products and services. The majority of customers are satisfied and always pay promptly. Nonetheless, you’ve had some issues with delayed payments. Not being paid for the work you do can be very...
Is it worthwhile to pursue replevin?
In an unstable economy, collecting on debts for goods sold to consumers on credit can become challenging. But it is also during these uncertain times when merchants have the most to lose as well. Dealing with creditors and their unpaid bills is frustrating and...
Should you borrow communication tactics from collection agencies?
The business owners serving Miami and outlying regions need to collect on the debt customers or businesses owe. Cash flowing into a business helps ensure its longevity. You already know you can contract with a collection agency to pursue the debt, but most business...
Swift action is necessary when a debtor dies in Florida
Creditors operating businesses in Florida or who have domesticated judgments in Florida have legal rights. They can engage in collection activity ranging from making phone calls to filing a civil lawsuit to help recover the amount owed. When the person who owes money...
Are you facing problems with debt collection?
It can be frustrating following up on overdue payments without success. It can be costly, and the business cash flow might take a hit, affecting other operations. If you are having trouble collecting pending bills, you may need to look at ways to improve on your...
Understanding a writ of garnishment in Florida
Living in Florida and running a business has been something that you enjoy, but what you don’t appreciate is when someone doesn’t pay what they owe. You’ve called to try to collect the debt, but you haven’t been able to resolve the issue. In this case, something that...