Archive for Mallory Megan
Your Small Business Is Not Alone In This Economy
You would have to be living in a cave not to be aware that we’re in the worst financial crisis in our lifetimes in the United States. If you find yourself worried about your business and what can happen next, you’re certainly not alone.
16Mar2010 | Mallory Megan | 0 comments | Continued
What Is A Collection Agency And How Do I Know If I Need One?
Debt collection agencies are hired on behalf of creditors to collect money when the creditors don’t have the time or resources to effect collections on overdue debts for themselves. Collection agencies specialize in getting people to pay, they have staff that specializes in debt collection and skip-tracing, which covers a broad range of FDCPA legal and debt negotiating skills, and a streamlined process for going after accounts.
16Mar2010 | Mallory Megan | 0 comments | Continued
Collection Agency Pricing
One of the major benefits to working with a collection agency is that you only pay a fee if they successfully collect on the file you give them. This means if they can’t collect your money, you don’t pay a dime. Debt collection agents operate on a commission, usually collecting about one third of the commission.
11Mar2010 | Mallory Megan | 0 comments | Continued
What You Need To Know About Collections.
The debt collection industry is a billion dollar industry. According to Rapid Recovery Solution, Inc. income from late fees and over-the-limit fees accounted for $14.8 billion dollars in the year 2004.
11Mar2010 | Mallory Megan | 0 comments | Continued
What Can A Collection Company Do?
What is a collection company?
11Mar2010 | Mallory Megan | 0 comments | Continued
10 Tips To Successfully Collect A Debt
10 Tips to help you recover money:
11Mar2010 | Mallory Megan | 0 comments | Continued
When A Bill Collector Calls: Protection From The FDCPA
It is essential that collections agents respect your privacy. According to the Fair Debt Collection Practice Act, bill collectors are unable to exchange information about persons that owe a debt. They can’t distribute a list of debtors to its creditor subscribers. They cannot advertise a debt for sale, or create a list of debtors to its creditor subscribers.
9Mar2010 | Mallory Megan | 0 comments | Continued
When do I Call In a Credit Collection Agency?
You should call in a credit collection agency sooner rather than later. The longer you wait to begin the collection process on past due accounts, the less of a chance you’ll have at recovering your money.
9Mar2010 | Mallory Megan | 0 comments | Continued
What To Do If You Have A Debt Collector On The Phone
If you owe money to a creditor debt collectors are permitted to report your debt to credit bureaus, file lawsuits against you, and should be taken extremely seriously. The best way to protect yourself and your financial situation is a methodical approach. First, know why you are being contacted. Know where the debt is from and exactly how much it costs.
9Mar2010 | Mallory Megan | 0 comments | Continued