Month: June 2020

Tips for collecting business debts

It is not uncommon for individuals, professionals and corporate entities to fail to pay their bills on time. However, companies that are not paid in a timely manner need to take steps to collect past due balances as quickly as possible. The first step is to send friendly reminders by phone or by email alerting a client that payment is due immediately....

Debtor loses FCRA case

Debt collectors in California may be allowed to check your credit as part of an effort to obtain money that they are owed. This is according to a ruling made by the Northern District of Illinois in the case of Stewart v. Credit Control, LLC. In that case, the plaintiff claimed that obtaining his credit information for any purpose other than to offer him...

The role of automation in debt collecting

California companies that engage in debt collection activities may benefit from automating their processes. The use of technology to review a debtor's income and net worth may make it easier to determine what type of settlement to offer that individual or business. Automation may also minimize the possibility that a company will violate the Fair Debt...