DEBT COLLECTION: HOW DO YOU DECIDE WHEN TO ISSUE LEGAL PROCEEDINGS?
Debt Recoveries
MARCH 19, 2023
Taking debt collection action quickly is important to increase the chance of recovering payment. The longer the process of chasing letters, emails, and calls is repeated, the less likely it is to recover the debt. If the debtor has been unable to pay, they may also owe money to others, who will also be attempting recovery action. Therefore, it is vital to act promptly to be the first in line to recover the payment.
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