What happens to old debt? Can you still try to collect it? This question highlights one of the major differences between collecting consumer and commercial debt and one that is on the mind of creditors and NYC Debt Collection Attorneys. Old Consumer Debt Any attempt to collect debt from NYC consumers
Dealing with slow or non-paying customers or clients? Anticipate that you might need to pursue NY debt collection litigation efforts and keep records. What should you keep? All electronic and physical documents relating to the business relationship should be kept in anticipation of debt collection litigation. “Records” include the credit file,
Understanding possible excuses and defenses to delay or avoid payment will work to your advantage. Anticipate and keep the possible “reasons” a client could use not to pay in the forefront of your mind while performing services, recording time, billing, or responding to client’s inquires or concerns about fees. By
Apparel and auto manufacturing led the band in sending jobs overseas. Looking to maximize profit, manufacturers were lured by cheap labor and lower costs. Today’s trend is outsourcing. American companies looking to maximize profits are outsourcing almost every function: Technology, Investments, Logistics and more. Following suit, a consideration of yours
Under the right (or wrong circumstances), a New York judgment entered against you as a result of a vehicle mishap can cause suspension of your driver’s license and/or registration. If your business requires you to have drivers on the road or if you need to drive for work, you can
You have a New York debt collection judgment. Forced to sue, the customer didn’t defend. They ignored the lawsuit. Your New York debt collection judgment includes legal interest and a return of costs. Now that you have the judgment, collection should be relatively straightforward. Your knowledge of the client’s business and
You can navigate the New York State Courts to choose the Court that might be “friendlier” to your cause than another. That is not to say that you can shop for a better law, an old boys club or a Judge that will give you preferential treatment.
Strategic partnerships with the right partners insure success. Financial strategic partnerships increase your access and acquisition to capital. Similarly, the goal of a strategic partnership with a collection attorney is to maximize money in YOUR pocket through successful, cost effective, legal and non-legal debt collection services.
Great News! You settled your New York Debt Collection claim. You have another chance to better protect yourself to make sure payment is made as agreed. To do so you should incorporate the terms of the settlement in a written agreement. If you think you do not need a written
Credit Card companies are accused of including arbitration clauses in their card holder agreements for the purposes of avoiding possible class action litigation.