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collections

What you should know about promissory notes

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...

Can you still collect a debt if you have to stop calling?

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...

How long do you have to collect a debt?

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...