collections

Financing has become a way of life in modern America. Plenty of consumers and sometimes even businesses need goods or services that they cannot pay for right away. Companies can close more sales by offering financing. If they keep that financing in-house, they may...

Essentially, promissory notes are instruments that facilitate the borrowing of money from one party to another. Promissory notes usually set out the key terms of the loan, such as when and how the funds will be repaid at any one time.  Promissory notes are often used...

There are ways that consumers can take action to get collectors to stop calling or contacting them, but that doesn’t mean that your company can’t collect the debt that is owed. Even if you work with a credit collection agency, you have other options if those agents...

Collecting an unpaid debt can be difficult. People will often take dramatic steps to avoid repaying what they owe. Even if your company primarily does business-to-business sales, unpaid debt could still affect your budget and solvency. When a business owes you money,...

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...

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...

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...

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...

Some people don't repay their debts because they can't, and others don't make payments because they have other priorities. Individuals with income or bank accounts who don't pay their debts can frustrate businesses that they owe money to. They may actively try to...