NY Collection Attorney Offers Top 5 Tips To Increase In-house Collections Next Year

Just think, if more clients paid you in a timely manner what you could do with the money, not to mention the time. Give your business the gift that keeps on giving: Learn the secrets of increasing in-house collections and watch your cash flow grow. Here’s this NY Collection Attorney’s top 5 tips to increase in-house collections. Continue reading “NY Collection Attorney Offers Top 5 Tips To Increase In-house Collections Next Year”

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What To Do When Your Clients Don’t Pay Within Terms

Companies and organizations are often challenged with what to do when clients don’t pay within terms. There are some accounts that routinely do not pay outstanding invoices within your terms. These are opportunities to improve your company’s cash flow. While you may have your payment terms established at Net 30, perhaps a discount offered to clients who make payments earlier, within 10 days, would encourage some customers to pay early. However, it seems that the majority of clients pay past the established Net 30 days.

There are changes that you can make that will help to improve receivables, improve cash flow and get your clients to pay within terms. Continue reading “What To Do When Your Clients Don’t Pay Within Terms”

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Changes by the Credit Reporting Bureaus will Directly Affect Collection of New York Judgments.

Image result for test takingThe three major credit reporting agencies are changing the recording of judgment information. The changes will directly affect collection of New York judgments (and collection of your receivables).

In part, effective July 2017, civil judgments must now include the judgment debtor’s date of birth or social security number in addition to the name and address and other pertinent information.

Without the requested information and the updated reporting requirements (must be updated every 90 days), the agencies will not Continue reading “Changes by the Credit Reporting Bureaus will Directly Affect Collection of New York Judgments.”

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Can Laws Designed to Protect Consumers Affect Collecting Commercial Debt?

gyguuChances are you have heard of the Fair Debt Collection Practices Act (FDCPA) –– a federal law created to protect consumers from unsavory debt collection practices. The law prohibits debt collectors from using any type of abusive, unfair, or deceptive practices to collect money. Continue reading “Can Laws Designed to Protect Consumers Affect Collecting Commercial Debt?”

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