Debt Collection Laws in Canada

While many people living near the border don’t think anything of venturing into Canada, our neighbor to the north represents a completely different world when it comes to debt collection practices. Much like the United States has done with the Fair Debt Collection Practices Act, the Canadian government has established a long list of rules [...]

By | 2017-05-10T13:37:54+00:00 March 25th, 2015|Blog|0 Comments

How to Grow Your Business with Minimal Debt

If a penny saved is really a penny earned, then you should not overlook the importance of minimizing your burn rate in order to grow your business successfully. If you can reduce any of your regular expenses like cost of raw materials or labor, you can instantly increase the amount of growth that you will [...]

By | 2017-05-10T13:39:25+00:00 February 28th, 2015|Blog|0 Comments

Understanding Debt Collection in Texas

The Federal Debt Collection Practices Act (FDCPA) sets strict federal guidelines that apply to any professional debt collector attempting to collect a third party debt in the United States. These regulations were put into place in order to protect consumers from predatory collectors who attempt to obtain payment through threats of violence or by misrepresenting [...]

By | 2017-05-10T14:41:11+00:00 February 23rd, 2015|Blog|0 Comments

Oral vs. Written: How to Handle Debt Collection Disputes

In today’s collection environment, disputed collections and inaccurate information are influencing the collection process at an alarming rate. The dispute process is viewed by many debtors as a loophole to get out of a debt that they rightly owe, but it also allows for a reasonable way for people to call out collection companies who [...]

By | 2017-05-10T14:42:30+00:00 February 18th, 2015|Blog|0 Comments

Why the FDCPA is Good for Debt Collectors

The Federal Debt Collection Practices Act (FDCPA) was designed to protect consumers from hostile or fraudulent debt collectors. Many concerns have been raised that these regulations make it more difficult for debt collectors to obtain payments for legitimate debts, but there might be another aspect to consider. Debt collection is a difficult business, and any [...]

By | 2017-05-10T01:57:52+00:00 February 13th, 2015|Blog|0 Comments

Why Your Business Needs Written Terms and Conditions

One of the most important, yet often overlooked, aspects of any business that extends credit to its customers are the written terms and conditions that define the credit relationship. These terms and conditions give you the opportunity to spell out exactly how you expect the customer or client to work with you, and can provide a [...]

By | 2017-05-10T14:43:11+00:00 January 29th, 2015|Blog|0 Comments

Improving Your Bad Debt Collection Strategy

If your business is like most businesses that extend credit to their customers, you have probably defined a certain period of time that you allow late or delinquent accounts to sit on your books before you forward those accounts to a commercial debt collection agency. Most businesses determine which accounts to send to collections strictly [...]

By | 2017-09-16T12:18:02+00:00 January 26th, 2015|Blog|0 Comments

7 Ways a Debt Collection Agency Can Help Your Business

Every business that extends credit to its customers is going to be forced to deal with a small percentage of those customers who for some reason are not able to make timely payments on their accounts. For many business owners, this is an incredibly frustrating aspect of their business. Hiring a commercial debt collection agency is a [...]

By | 2017-09-16T12:18:27+00:00 January 21st, 2015|Blog|0 Comments

New Debt Collection Regulations in New York

  As if collecting outstanding debts isn’t difficult enough already, it is about to get even more difficult in the state of New York. Starting this year, there will be three new regulations that will address different aspects of debt collection in New York. Consumers will be able to insist that collectors contact them only by [...]

By | 2017-09-16T12:18:47+00:00 January 16th, 2015|Blog|0 Comments

What Types of Assets are Exempt from Debt Collections?

One of the most misunderstood aspects of the debt collection process comes into play after a judgment is awarded and the creditor looks to collect some form of compensation on the amount owed. Despite what many cartoons and TV sitcoms would lead you to believe, the creditor cannot simply clean out the debtors home of [...]

By | 2017-09-16T12:19:03+00:00 December 16th, 2014|Blog|0 Comments