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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Improve Your Realization Rates by Stacking the Deck in Your Favor

39d9e8bRealization rate measures time billed with the percentage of fees collected. The higher the percentage of billings collected, the higher the realization rate.

Continue reading “Improve Your Realization Rates by Stacking the Deck in Your Favor”

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