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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Do I Need to Pay my Contingency Fee NY Lawyer if I Replace Them?

Thinking about replacing your lawyer with someone else because you are unhappy with the results thus far on your NY debt collection case?  Worried that replacing your current NY contingency fee debt collection lawyer with another will impact your bottom line? That any recovery on the claim would be further reduced because you will be required to pay fees to the outgoing NY contingency fee debt collection attorney as well as the incoming lawyer?

The Engagement was Clear NO COLLECTION, NO FEE

The terms were very clear when the NY contingency fee debt collection lawyer took on your claim. No recovery, collection of monies, no fee. The lawyer agreed. You both signed an engagement letter, a binding contract, that the claim was to be handled on a contingency fee arrangement.

For whatever reasons, you are unhappy with the current lawyer handling your debt collection claim. Perhaps the case has taken a lot longer than expected.  The result is that as of now no monies have been collected. You are considering replacing your current NY debt collection contingency fee lawyer with another. Continue reading “Do I Need to Pay my Contingency Fee NY Lawyer if I Replace Them?”

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But My Invoice Clearly States I Am Entitled To More

Charging interest if you sue to collect outstanding debtYour customer fails to make payment. If payment is not made within 30 days your invoice states that you have the right to more than just the contracted price. You carefully included additional terms on your invoice. These terms stood out in bold type. Your invoice stated that you would add 1 1/2% interest per month. You also stated the customer will pay collection costs, attorney fees and finance charges.

Now you seek to enforce your rights to payment. But you discover that you cannot collect the interest and extra charges even though your invoices clearly state that you are entitled. The customer accepted the invoice and raised no objections. Didn’t the customer then agree to all the terms on the invoice? Continue reading “But My Invoice Clearly States I Am Entitled To More”

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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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