Remove Collection Agencies Remove Construction Remove Creditors
article thumbnail

4 consumer myths about debt collections DEBUNKED

American Profit Recovery

Just about everyone who works in the debt collection industry fully understands that it can be an uncomfortable situation as a consumer being sent to collections. Consumers do not want to have their accounts sent to a collection agency. Collection agencies always demand full payment-FALSE.

article thumbnail

Social Media Ban for Debt Collection in New York?

National Service Bureau

If you’re a collection agency or creditor in New York, you need to be keeping an eye out for Senate Bill 3803. Here’s what SB 3803 says: [Principal creditors or agents may not] “use a social networking website as a means to collect on a consumer claim from a debtor. But what is meant by the term ‘social media?’

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Using Aggressive Methods to Domesticate Foreign Judgments and Enforce Mechanics Liens

Collections Law

Our debt collection firm works relentlessly and aggressively to help clients get their hard-earned monies back into their bank accounts from tricky debtors who want to delay payments or have zero intentions of paying back. Therefore, to implement and enforce it, the creditor must get the judgment domesticated.

article thumbnail

How Aggressive Collections Attorneys Can Aid in Massachusetts Debt Recovery

Collections Law

Collection agencies are passive organizations that make the same effort you were making before you brought them on board. At the end of the day, a collection agency will collect only low-hanging fruit and tell you that there is nothing more that they can do to help you.

article thumbnail

Improve Your Accounts Receivable

National Service Bureau

We have found that including the following statement is a good way to ensure a judge will grant your company additional costs incurred by the process of collections. “In Step 4: Make a Priority of Collections. Include in your contracts a section that permits you and your business partners to contact the debtor on a cell phone.

article thumbnail

What Happens If I Get a Job After Filing Chapter 7?

Sawin & Shea

This form of bankruptcy differs from Chapter 13, which involves the evaluation of your current income to construct a three-to-five-year debt reorganization plan. When you file a Chapter 7 petition, you’ll receive an automatic stay protecting you from lawsuits and other collection efforts.

article thumbnail

What Happens if You Ignore Debt Collectors?

Taurus Collect

Creditors may take legal action to recover the debt, which might result in wage garnishment or a lien against your property. Increased Debt Through Fees and Interest: Many collection agencies add additional fees and interest to the original debt amount. Legal Actions: Ignoring debt collectors can potentially lead to lawsuits.