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
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.
Want to win your New York debt collection case? Ask your non-paying customer to sign a promissory note. If your customer says they’ll pay the debt, having them sign a promissory note confirming this commitment can help you prove they owe you money should legal action be pursued.
By 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
Can you register a foreign judgment in NY? Fortunately, the answer is a resounding yes! After obtaining a judgment in federal court, you can register the judgment in NY’s state court. And you should. Let’s talk about why you should. Attorneys and their clients love to leverage the element of
Debt collection agent or write off a bad debt, which is the way to go? Read on for help in preparing for the decision. The end of the year is approaching with tax season just around the corner. Your tax professional will soon ask for a list of your accounts receivable.
A former customer – a nonpaying customer – called and wants to do business again. Should you do business again with the nonpaying customer? For some, the answer is an unequivocal no. For others, it’s a maybe. Such was the topic of conversation at this past week’s LMNOP workshop. This is
Bad debt costs money. But do you know how much? Not getting paid has cost you the anticipated profit, maybe some or all the cost involved in servicing the client, and maybe more. Projections did not account for the increased amount of the bad debt. Assuming you can recover some of
Emailing invoices for quicker payment is the wave of the future. Have you received a request from your client to email invoices to them or a third-party vendor? If you haven’t, get ready – you will. Before long, mail or fax will no longer be acceptable. Given that, emailing invoices to
New Jersey and New York can be – with no traffic – a mere 5 minutes apart via the George Washington Bridge. It’s about the same through the Lincoln or Holland Tunnel. Aside from their closeness as Hudson River neighbors, New York and New Jersey are far apart on their approach