According to the Consumer Finance Protection Bureau (CFPB), medical debt is the most frequent kind of collection actions that appears on consumer credit reports. A whopping 57% of collections of this kind are related to medical debt. Yet, debt collection activity...
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Consumer Debt Collection
Expectations for consumer debt collectors
When a California consumer neglects to pay his or her debt, it can leave businesses with financial losses and other complications. Parties who are owed money have the right to pursue payment of these balances through various means, including turning to debt collectors...
What to include in a consumer demand letter
Businesses here in California and across the country generally do not provide their goods or services for free. They require payment from clients and customers, and when it is not received, it potentially damages the business. In most cases, a business will not want...
Tips for companies looking to collect past due payments
Small businesses in California and throughout the country might struggle when it comes to collecting debts from customers. However, small business owners are encouraged to be persistent in their efforts to get what they are owed from their clients. This is generally...