Jocelyn Nager, Esq., President of Frank, Frank, Goldstein & Nager, P.C., a certified WBE company, past winner of the Dena Coye Women’s Entrepreneurship Award presented by the National Minority Business Council (NMBC), has been chosen to speak about debt collection. She will be speaking at the NMBC Second Annual Executive Management Program on May
The number of homes going into foreclosure is decreasing. The number of people able to pay their home loans timely has increased.
As diligent business owners you review your accounts receivable aging report monthly, weekly or daily. You know how much is owed at any given moment by a quick read of the report. Altering the current report or designing a report to meet certain criteria can reveal critical information about your
Negotiating specific terms of an agreement is necessary before doing business. Make sure it’s in writing. All parties need to be able to refer to the what, when and where. When is payment expected? Prior to shipping the goods? Or after shipment?
Before placing a claim with our office to pursue commercial debt collection, our client had offered their non-paying customer a discount. The discount of $7,500.00 was offered to induce the non-paying customer to pay. Our client went so far as to hand write a credit of $7,500.00 on the customer’s
A few months ago we learned our managing partner’s name and firm name were being used without permission by unsavory debt collectors. Our identity was being used to extort money from consumers. Harassing letters referencing fake Court dates, threats of incarceration and confiscation of personal property were being sent by email
You are not getting paid. Commercial debt is increasing and your A/R is higher than you’d like it to be. Can you stop work if you are not getting paid? The answer is sometimes yes and sometimes no. Every industry has its own policies and procedures for stopping work when
A bill collector’s job is to collect money on behalf of the creditor and helps the economy grow. Often the collector needs to negotiate on the creditor’s behalf.
The invoice was marked “paid” when your customer paid the balance by credit card. Why then, six months later, are you asking your NY collection attorney: why the amount of the payment is being reversed by the credit card company? What dispute? The customer was satisfied with the goods and services and paid
Truth be told, your lawyer does not want to spend his or her time collecting receivables, as they are not a debt collection attorney. The process is labor intensive. They are not fond of charging you hourly to chase bad debt and risk ruining your relationship. If you ask your