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Running any type of small business is a tall task. You have an astounding number of things to worry about, and that is on a good day. We won’t even get into the stress that can mount on the bad days. One thing that you don’t need to be worried about as a small business [...]

The internet is filled with a plethora of advice on credit reports and debt collection these days, but one of the little known facts about debt collectors is that they are legally allowed to access your personal credit report, and they don’t even need your consent to do so! This might come as a shock [...]

If you are a person who has worked hard to improve and maintain a good credit over the course of your life, there will likely come a time when a less-industrious friend or family member will ask you to cosign for a loan that they are not qualified to receive on their own merits. Everyone [...]

One of the areas where too much outstanding debt can have the most severe impact is in the world of small businesses. With many local businesses already struggling because of difficult economic times, even the slightest hiccup in their debt collection procedures can send ripple effects through your entire community. Cash flow is the life [...]

No one likes the idea of having an account go into collections. Debtors don’t want to be contacted by debt collectors, and creditors would always prefer to get paid up front by their clients. But the real impact of an account going into collections goes way beyond these mild inconveniences. No matter what type of [...]

One of the biggest struggles that many creditors have when it comes to pursuing legal action against debtors is where to draw the line with respect to what they would consider a fair settlement. By the time a situation reaches the point where attorneys need to get involved, many creditors have reached the point where [...]

Lawmakers in the state of California recently voted unanimously to pass into law a new requirement that reduces the time frame for debt collection companies to investigate claims of identity theft. This bill, which was supported by the California Association of Collectors, is going to change the way that collection agencies operate. In order to [...]

In August of this year, the Federal Communications Commission released new regulations that prevent debt collection agencies from using auto-dialers in order to contact debtors who are behind on their payments. While this initially sent shockwaves through the collection community, we believe that the lasting impact will be far less than many initially feared. You [...]

In situations where collection accounts get to the point of bankruptcy, each of a debtor’s individual assets will have a unique set of rules that defines whether or not they are available to settle past debts. Whether you are on the side of the debtor or the creditor, understanding these subtle differences can give you [...]

  Even more than profitability, cash flow is the lifeblood of your company. Companies with strong cash flow are able to survive temporary periods of low profitability, but even the most profitable companies can’t survive when their cash flow situation turns negative. There are generally two types of cash flow problems: those caused by spending [...]