When Attempting to Renegotiate the Deal AGAIN Is Just Another Delay Tactic

At some point,hourglass showing time passing. it becomes apparent that the debtor’s attempts at resolution are nothing more than delay tactics.

Such is the case currently where a client placed a claim with us for collection.

Our client is an independent contractor. He and the debtor company had been working together for well over a year. Suddenly, the company became delinquent on the weekly compensation. As a remedy, the debtor company’s principal issued a series of postdated checks to our client dated six months out. The parties continued their working arrangement. Six months later, our client began depositing the post-dated checks. One by one the checks returned. Each check was unpaid due to insufficient funds and that added to the debt. Continue reading “When Attempting to Renegotiate the Deal AGAIN Is Just Another Delay Tactic”

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Should A Debt Settlement Company Call, Here Is What To Expect

Image of a woman on the phone.As with any industry, there are business advisors or debt settlement companies that evaluate a company’s finances and make suggestions to help ease the debt. The goal is to keep the company operating. They can negotiate with creditors or not. Fees paid can be either contingent upon a deal with a creditor or paid up-front.

For some, debt settlement is a choice they make before out-of-court liquidation or bankruptcy.

Must you accept an offer from a debt settlement company as a creditor? The answer is no.

Must you negotiate with your customer or the debt settlement company? The answer is no.

Continue reading “Should A Debt Settlement Company Call, Here Is What To Expect”

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