You have sent numerous bills to your client, but have not received payment in return. You have sent letters threatening escalated action with no results. Your phone calls are being ignored. At this point, you can give up and write off the debt, hire a collection agency, hire an attorney or you may wish to file your own lawsuit. To maximize your chances of collection, you will need to obtain a judgment, something a collection agency cannot do without hiring an attorney. Getting a judgment doesn’t … [Read more...] about Common Legal Tools For Collecting Money You Are Owed
Tevis Reich
Maximizing the Collectability of Your Accounts Receivable
If you allow your customers to carry a balance, you have to assume that some of them will evolve into a delinquent account. There are two simple things you can do to maximize your ability to collect the money you are owed when this happens. One: collect the right information up front. Two: have a clear agreement with specific terms signed by the customer. Your best opportunity to obtain information essential for collection is at the beginning of the relationship. It is at this point that a … [Read more...] about Maximizing the Collectability of Your Accounts Receivable
