Debt collection can be a challenging and lengthy process, especially when a debtor resorts to hiding assets to avoid repayment. In many cases, debtors may attempt to shield their wealth by transferring assets to family members, moving money offshore or even...
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Consumer Debt Collection
Gifts may allow debtors to avoid their obligations
There are many ways for an individual debtor to avoid their financial responsibilities. Some people ignore phone calls and return mail to delay collection efforts. Others may take much more extreme steps in pursuit of limiting collection efforts. For example, someone...
5 specific debtor profiles that can help debt collectors be more effective
Debt collectors have a challenging job because they depend on collecting money from people who might be actively avoiding their debts. The complexity of this job requires them to employ various methods to be able to collect effectively. Understanding a few different...
What is the statute of limitations for debt collection?
California is an expensive place to live and do business, so it is no surprise that debt and credit are a part of life. Those trying to collect debt have various legal options to be compensated. Whatever that approach is, it is essential to remember that creditors are...
Effective credit applications make it easier to collect
Credit applications are a vital tool for conducting business. These legal devices enable companies to extend credit to the appropriate customers. Still, a more substantial and detailed credit application minimizes the risk and allows for collection if the customer...
Are your debtors trying to outsmart you?
There is no shortage of advice online centered around topics such as “How to outsmart your creditors” and “Tips for avoiding debt collectors.” If you are owed money, it might be helpful to know the information your debtors are accessing to keep you from getting what...
What does a prejudgment writ of attachment do – and how can I get one?
It’s an unfortunate truth that many people refuse to pay what they owe, and some may even resort to dishonest measures in order to move the assets or money that they owe you out of your reach. In situations like these, it may be necessary to file for a prejudgment...
Can I collect if the debtor’s assets are in retirement accounts?
Creditors who are looking to collect on consumer debt may find themselves facing unscrupulous efforts to avoid repayment. In these situations, the creditor may need to consider various ways to get the money. One example is to consider the consumer’s retirement assets....
Can you use social media to secure delinquent debt?
Debt collectors possess vast resources when trying to get in touch with consumers who are delinquent in their debts. Even with a significant increase in debtors throughout the pandemic, various paths exist to make contact in an effort to find resolutions to past-due...
Can I collect if the debtor’s home is in a trust?
Anyone can use a trust to serve a number of financial goals. An individual can draft a trust to help the creator ensure beneficiaries use assets to fund higher levels of education or the management of properties. A creator can make a trust to help reduce their...