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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...
If you are struggling to collect on past-due accounts, you may be seeking the services of a debt collector. Choosing the wrong collection agent or agency could leave you stranded, however, still searching for solutions while taking on the cost of hiring a firm. The...
Some people will go to incredible lengths to avoid making payments on legitimate debts, especially if they have judgments against them or have had their wages garnished due to a court order. People will quit good-paying, stable jobs just because they want to end a...
When a person owes your business an outstanding debt, collecting that money in a timely manner is very important. You may make payment arrangements if they can't pay the debt in full at one time. However, sometimes situations arise where an individual isn't capable of...
