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...
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...
Californians running small businesses face a unique set of challenges. One of the most common concerns is collecting debt. In some cases, a person or entity who owns a small business might not pay what is owed on time, in part or in full. Commercial debt collection can be complex, and there are key points for small businesses to remember. Adhering to...
Debt collection is easier said than done. At some point, companies will have to deal with clients who cannot afford to pay them or simply refuse to pay them. When these types of payment disputes arise, companies should consider using a collections attorney. But before businesses make that call, they should ask themselves a few questions. Many have used...
Countless Californians are receiving their stimulus checks. And while the CARES Act prevents most government-related garnishments, private collectors and banks can still seize money from debtors. However, a recent executive order from governor Gavin Newsom could change that. The order could limit California creditors' ability to seize COVID19-related...
Companies in California and throughout the country often have customers who don't pay their bills on time. While it is important to be understanding of why a client is having trouble paying for services in a timely manner, it is also important to get paid in full. Business owners are encouraged to be professional yet assertive when trying to collect a...
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 true whether a client is doing his or her best not to pay or hasn't paid because of a...
No matter your efforts to make your client pay you, they may fail to do so. On some occasions, they may no longer be able to pay their debt to you. But on others, they might try evading repayment by hiding assets overseas. Your debtor might think their actions wily and cunning. Yet they cannot avoid paying you altogether, no matter their present...