Posts Tagged ‘Debt Collection Letters’

How To Deal With A Collection Agency Part Two

In: Reference & Education

18 Jun 2010

If a bill collector is requesting that you pay a debt that you think you do not owe, or more than you owe, you have the ability to dispute the debt in writing. The legal terms for doing this are “debt validation” or “debt verification.” Within the first five days of contacting you, the Fair Debt Collection Practices Act requires that bill collectors notify you of your right to validate the debt. You need to ask for verification within thirty days of when you are first told about the debt. Always send your request by certified mail.

Navigating Through Consumer Debt Collection – A Guide For Debtors

In: Business

14 Jun 2010

It begins with the mail. Then more aggressive mail. Then come calls on the telephone and worst of all, threats about credit reports or even a potential lawsuit.

Different Ways To Collect Debt

In: Business

5 Jun 2010

The truth of the matter is, the more time that passes between the time the payment was overdue and the time the consumer is contacted, the less likely you are to get any sort of payment. If you’re serious about making money back, there are three ways to handle collection on past debt; in house efforts, hiring a collection agency, or taking legal action.

Feds Arrest 2 In Buffalo For Debt Collection Scam

In: Business

5 Jun 2010

The U.S. Attorney’s office forwarded a criminal complaint Friday in U.S. District Court charging Timothy E. Arent and Neil G. Wieczkowski, both of Buffalo, N.Y., with mail fraud and conspiracy to commit mail fraud. Arent is also charged with bankruptcy fraud. The charge of mail fraud has a maximum penalty of 20 years in prison and a $250,000 fine. The bankruptcy and conspiracy fraud charges each carry a maximum penalty of five years in prison and fine of $250,000.

For Effective Cold Calling Fallow These 10 Tips

In: Business

1 Jun 2010

Cold calling. Just the name can send chills up your spine. There are efficient ways for sales professionals to prep before cold calling, says John Monderine, President of Rapid Recovery Solution, Inc.. He shares 10 tips guaranteed to take the chill off of cold calling.

Are You Guilty Of This Ruinous Debt Collection Mistake?

In: Business

25 Aug 2009

There’s one account recovery mistake that costs more businesses more money than any other… and odds are it’s ravishing your business too! And if that’s the case, by flushing this out of your business and ridding yourself of this simple mistake, your collections rates will skyrocket.

Unpaid Accounts: 7 Ways They Ravage Your Profits

In: Business

23 Aug 2009

If you’re like most people chasing unpaid accounts is a time wasting pain in the neck you’d rather not deal with. It ranks up their with filing tax returns and firing staff.


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