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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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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Should A Jury Decide Your Debt Collection Litigation Case?

Watching many a courtroom drama may have lead you to believe a jury will hang your nonpaying customer out to dry. Is it really as portrayed in the movies? Is a jury right to decide your debt collection case?

The right to a jury trial.

All parties to litigation, including debt collection litigation, are entitled to a jury trial. That is, of course, unless your underlying agreement with your customer included a provision for both parties that waived their rights. Continue reading “Should A Jury Decide Your Debt Collection Litigation Case?”

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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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