As a board member of IACC, I attended the July conference in San Diego, CA. Numerous presentations are held discussing commercial debt collection. ‘Hot Topics in the Commercial Collection Industry’ is always my favorite presentation at the conference. Collection agency owners and collection attorneys are able to openly discuss our
What is a debt collection attorney? Debt collection attorneys aka debt collection lawyers are commercial litigation attorneys. They litigate, take legal action on cases. Abraham Lincoln, our 16th President, was a collection attorney. As in President Lincoln’s day, collection attorneys handle breach of contract cases. Parties agree to provide goods
Implementing change can make a difference in your bottom line. The change need not be drastic. Is it true? Yes, in my experience, as a debt collection attorney, small changes can have a large impact.
You thought you were going to be paid when your customer received a debt collection lawyer’s letter. They didn’t pay. What do you do now? How do you increase your odds of getting paid? Pursue the lawsuit.
You have fond memories of doing business with your client on various projects, filling the pipeline and getting paid. You never thought about needing a NYC debt collection litigation attorney. Today however, the client pays you on some jobs and not on others. The unpaid balance for this former dream
The hope is the debt collection lawyer will send a letter, email or call, obtain immediate payment and return payment in full to the client within 45-60 days. That’s the dream of clients and collection law firms alike. Sometimes dreams come true. Most often, however, to reach your goal of
At year end you took an inventory of your receivables and decided to carry some on your books. Now ninety (90) days later, some of these unpaid receivables are still uncollected.
Your NYC debt collection lawyer can tell you, your accounts receivable make up a large portion of your business assets. When receivables are not collected timely the result is tight or no cash flow in your business. You are forced to look for the money elsewhere. You need to borrow
Hats off to my daughters’ dentist’s office. When we are finished, Sheri at the front desk asks if I would like to pay by Amex or Visa as she is scheduling the next appointment. One time, I asked to pay 1/3 on the spot and the balance over the next
When a client owes you money your feelings may actually make it less likely you will get paid. Many of us don’t realize how much our feelings impact our choices. Rationally you know you will not be repaid on an account; yet, continue to hold onto that account for reasons that are not