According to a 2014 federal survey, harassment from phantom debt collectors is the second most complained-about financial problem reported by consumers, following identity theft. If you are contacted about a debt that is not yours, you may be the target of a debt collection scam. Phantom debt collectors – so called because they are difficult…
Successful commercial debt collections can be the difference between succeeding in today’s competitive market, and your business succumbing to unpaid invoices. There are three commercial debt collection practices commonly used by debt collection attorneys that can help your business collect on past due debt and ensure your business’s financial security:
Court orders for payment of a debt can cause considerable financial distress. If you have a judgment against you, call the attorney who obtained the judgment to learn about your options for repayment. A creditor has the right to file a lawsuit against you if you fail to pay a debt. However, many debtors are…
Before initiating a subrogation claim under the Arkansas made whole law, insurers must obtain either a judicial determination or agreement with the insured that they have been made whole. Although insurers have some obstacles to overcome in pursuing their right to subrogation when complying with the made whole law in Arkansas, it can be done…
Overdue accounts receivable are a common problem for small businesses. In fact, more than one-third of Americans have at least one unpaid bill in collections.* Overdue collections can sink your business’s financial stability, and the longer you wait, the less likely they are to be paid. You can attempt to collect unpaid bills yourself, or…