We Don’t Stop Until We Succeed
Debt collection can be a very difficult process for a business. Most companies do not have a specialized debt collection department, and even those that do may only have a few employees working in that area. The more complex a situation becomes, the more likely the...
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...
In California, the statute of limitations on debts is a critical legal boundary that debt collectors must be acutely aware of. This period dictates when a creditor or collector can legally sue to collect a debt. The statute of limitations on debts in California varies...
Creditors trying to collect on a debt may feel like they are at the mercy of debtors. It can be very difficult to contact someone who does not want to take responsibility for their financial obligations. It can be even more difficult to convince them to pay their...
Social media has proven to be a very valuable tool for businesses. It has never been easier to create a strong brand and to quickly connect with a specific demographic of customers. Targeted advertising on social media and the freedom of expression on social media...
When someone owes a business money, they generally have an obligation to pay in full or negotiate a specific payment arrangement that both parties believe is reasonable. Expecting someone to fulfill their financial obligations is reasonable, especially when a creditor...
Some people who owe money to others do anything they can to avoid paying what they owe. For example, some people quit their jobs. They know that creditors can take them to court to garnish their wages, so they look for a way to earn income that is safeguarded from a...
Some people take on debt intentionally by applying for a personal loan or credit card. Others end up with unintentional debt due to unexpected incidents, like a medical emergency. The average person who owes a substantial amount of money to other individuals or a...
Businesses owed money by an individual may need to spend years collecting on that debt. Hospitals might enter into payment arrangements with someone on a fixed income, for example, that will require many years of payments to complete. Most organizations that...
After working hard and obtaining a justified court judgment, the best-case scenario would involve a large, single payment made by the debtor. However, such easy and voluntary outcomes are not particularly common. Someone who has made concerted efforts to avoid...