Why TIN and SSN Are Important in Debt Collection

Photo of a woman's hand filing out a form to show the importance of TIN in debt collection.Make sure you obtain your customer’s taxpayer identification number (TIN) and social security number (SSN) when doing business with them. Having their TIN and SSN can help you in your New York debt collection efforts.

If you are working with individuals as guarantors, or in another capacity, be sure to secure their social security number. This will expedite satisfying the requirement of an investigation pursuant to the Servicemembers’ Civil Relief Act of 2003 (SCRA).

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How Much Pressure Should You Apply to Collect Monies Owed

Image of a pressure gage.When a client is ignoring your demands for payments, you need to do something to move debt collection forward. That something is applying the right amount of pressure.

Professionally speaking, you do not want to strongarm your client or have your actions considered harassment, intimidation or any other unethical behavior.

How much pressure to apply depends on what stage of collections you are in. The goal is to apply enough pressure so that the debtor must pay. Apply too much pressure and you run the risk of putting them out of business.

The following are examples from two recent cases in which we sued and obtained judgments.

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How To Choose the Right New York Debt Collection Lawyer for Your Claim

A woman sitting at a table shaking hands with a manBy Jocelyn Nager

Finding the right New York debt collection lawyer to handle your claim will prevent you from throwing good money after bad and will mean the difference between getting paid and not getting paid.

Whether you found your New York collection lawyer as the result of a google search or through a recommendation, there are ways to ensure you’ve picked the right lawyer for your claim.

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