Commercial Vs Consumer Collection Agencies

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If you are in business, there will come a time when you need to enlist the services of a collection agency to help recover your past-due accounts. So how do you find the right one? First, you must determine if the money owed to you is Consumer debt or Commercial debt.   What is Commercial… Read more »

Statute of Limitations

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The Statute of Limitations for lawsuits varies by state, and runs anywhere from 3 to 15 years, after which the debt is “time-barred,” and you will be unable to sue.  You should use every legal means at your disposal, of course,  but if you wait too long and rely on a last-minute lawsuit as a… Read more »

Things to Consider When Hiring a Collection Agency

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Every company needs a collection agency, since there will always be customers that default or who will not pay under the normal terms. Here are some ideas for your consideration when choosing an agency. If you are B2B you must select a “commercial” bad debt collection specialist, as they have experience dealing with corporate debt… Read more »