Happy Retirement to Ella
Thanks Ella for 18 years of great work, friendship and loyalty. We wish you a new journey of success and happiness in the next chapter of your life. Happy retirement to Ella!
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New York Commercial Debt Collection Tips: Should I leave a voice mail?
Letters, emails and billing statements are unilateral communications. When the customer fails to respond in whole or part, a conversation is in order. The call is an opportunity to connect with the customer.
Credit Insurance: A Tool to Prevent Loss Due to Bad Debt.
In an effort to manage risk of loss due to bad debt, some businesses secure credit insurance. The policies are designed to insure receivables against loss. In the event of non-payment, a claim is made to the insurer in accordance with the terms of the policy. The insurer will attempt
Exemptions That Protect Assets From Judgment Execution
An amendment designed to protect assets belonging to consumers from judgment execution has effectively become a loophole in the commercial debt collection world. The Exempt Income Protection Act added another exemption to the list of assets exempt from judgment execution by judgment creditors. Assets that are exempt — in whole
What Happens to My Money After My New York Collection Attorney Collects it?
Great news! Your collection attorney has recovered part or all of the monies owed to you. Now that these funds have been recovered, you may be wondering what’s next. Here are some questions we frequently receive, and our answers regarding the process.
FFGN New York Commercial Debt Collection Firm licensed by the Department of Consumer Affairs
Frank, Frank, Goldstein & Nager maintains a current debt collection license from the New York Department of Consumer Affairs. Our license number is: 1277212-DCA.
Fee Dispute Provisions: What’s in your contract?
Understand the consequence of the fee dispute provision in your contract before being faced with a non-paying customer. When asked to assist to collect a claim, one of the first questions we ask is about the dispute resolution clause in the client’s underlying contract.
Improve Your Realization Rates by Stacking the Deck in Your Favor
Realization rate measures time billed with the percentage of fees collected. The higher the percentage of billings collected, the higher the realization rate.
Knowledge = Power Getting Paid
Knowledge is power. Same is true in commercial debt collection. Understanding your client’s business, where their cash flow comes from and knowing their customer base, will get you paid.
Knowledge = Power Getting Paid
Knowledge is power. Same is true in commercial debt collection. Understanding your client’s business, where their cash flow comes from and knowing their customer base, will get you paid.