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| We strive to help creditors and others to understand collection agencies. The following information can help broaden that understanding: |
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- Quick Guide on Litigation
- First, a complaint is filed with the clerk of the court. A summons is issued, notifying the defendant that a lawsuit has been filed. The defendant is then served...
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- Choosing a Collection Agency
- Choosing a collection agency to work on your past due accounts can be a difficult choice. Will they be able to recover the money owed to you? What might they charge? And how long will it take?
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- Advantages of Hiring a Collection Agency
- There are many advantages in using a collection agency to collect your bad debt. A company's need for a collection agency varies with such factors as size and amount of debt, but all of these advantages apply.
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- Tips to Avoid Bad Debt
- If your business offers credit, you must be careful when a new customer opens an account. Below are some tips that can help avoid acquiring bad debt.
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- When to Submit An Account
- Especially in these rough economic times, many businesses have past due accounts that adversely affect their performance. You may wonder, "When is it time to hand your past due account to a collector to handle?"
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- Account Information Needed
- If you're ready to submit an account, there is certain information that the collection agency will need or will find useful in order to proceed on your account...
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- What is a Collection Agency?
- A collection agency is a company who specializes in collecting bad debts for their clients. The collection agency may work with collecting from individuals, companies...
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