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Consumers in the United States of America have a problem with immediate gratification. They want what they want, how they want it, when they want it. And they are not going to let something like the ability to pay for those things they want stand in the way of getting them. The debt levels of [...]

Debt is a concept that just about everyone struggles with throughout the course of their life. When you are old enough to qualify for high-interest rate debt, the allure of a new shiny object is often much stronger than the idea of paying it off with interest. We have all fallen for that trap to [...]

Attempting to collect an outstanding debt from the guy down the street can be a difficult task in many cases. If that person decides to pick up and leave the country, things can get even more complicated. At that point, you are dealing with an agency that is capable of collecting debts at an international [...]

Because corporations are seen as separate entities from the people who run them, any debt incurred by a company is the responsibility of that company, and not the individuals in charge of the enterprise. This protection that company shareholders receive from being held personally accountable for the outstanding debts of their businesses is known as [...]

Time is the most critical factor in any debt collection. It is more important than the quality of the customer, the qualifications they may have had when you issued them credit, or any promises they might make about catching up on their payments. Every minute that goes by that you aren't pursuing some type of [...]

One of the biggest points of confusion when extending credit to customers on behalf of their businesses is whether to define your agreement as being with the individual or their company. This might not seem like a big deal in the moment when you are eager to book a big sale, but it can be [...]

Every business would prefer to receive immediate compensation for services rendered, but that just isn't always possible in today's economy. In many instances, particularly with big ticket items, your customers just don't have the money up front to afford the product or service you might want to sell them. This is the driving force behind [...]

When you decide to hire a commercial debt collection agency, one of the first things you should discuss with them is their fee structure. In many cases, they will be charging you based on their contingency rates, which are also referred to as conditional rates. In order to have a good understanding of just what [...]

Collecting outstanding debts is already a difficult job, but when the consumer you are working with officially files for bankruptcy, things can get even more complicated. Depending on the type of bankruptcy they have filed for and where they are at in the process, you may or may not be able to continue your collection [...]

There is a lot to know about debt and debt collection, but one thing that many people never bother to ask is what happens to those outstanding balances after the death of a debtor. In many cases, the deceased never realized that their outstanding debts would need to be paid off by their assets, which [...]