Collection

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...

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...

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...

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...

Any business that lends credit to buyers or renters, unfortunately, must be adept at debt collection. When the debt is secured with a physical item or asset, the debt collection process can include repossession. Repossession is the act of reclaiming property in an...

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...

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...

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...

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...

Collecting an unpaid debt can be one of the hardest parts of running a business. When an individual owes your company money but refuses to pay, you may feel like you have few options even though you know the law is on your side. Instead of selling your debt to some...