If you're reading this, you may already be dealing with a client or customer who isn't paying their bills on time. Asking for money is stressful, in general, but especially when customer debts are past due. Even more frustrating is when those...
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Last week, the Consumer Financial Protection Bureau (CFPB) fined Wells Fargo $185 million for illegal and fraudulent sales practices. According to the CFPB, Wells Fargo employees had opened two million credit card and loan accounts without account...
As a rule, debt collections must be fair and honest per regulatory compliance at the federal and state level. The Fair Debt Collections Practices Act dictates what is construed as abusive and deceitful debt collections practices at the consumer...
According to a recent report, year-to-date figures are indicating that consumers are filing less FDCPA claims. What that means is that businesses and debt collectors are staying readily compliant with the Fair Debt Collection Practices Act, which...
Dealing with overdue accounts can be frustrating to any business owner, landlord or accounting professional. In some cases, by the time the account reaches a third party debt collection partner, the attempts at collecting may have pushed the...
If one or more clients are past due, it affects your business. Phone calls have not been returned, collection letters are unanswered... is it time to write it off or hire a debt collection agency? When considering outsourcing debt collection, many...
In the world of Business-to-Business commerce, receiving timely payment is often the lifeblood of a B2B operation. For the company providing the goods or service, the seller's or service provider’s payment terms are often defined in the purchase...
Turn, turn, turn...
It's turn season for managers and landlords of student housing. Preparing for incoming students can consume quite a bit of time to those managing properties near universities and colleges. With August approaching quickly,...
Venture capitalists receive hundreds of emails from passionate entrepreneurs ready to discuss their latest startup idea. If you manage to secure a call or a meeting, you still have to convince a sharp investor that your idea is viable and worth...
Earlier this year, Puerto Rico was left with no choice but to attempt to restructure its current utility debt. With its population facing a decade-long economic crisis, Puerto Rico had attempted to help ailing utility companies previously meet...