Consumers are well-protected when it comes to debt collection. One of the most rigorous rules in their favor is the 7-in-7 rule. This rule states that a creditor must not contact the person who owes them money more than seven times within a 7-day period. Also, they must not contact… Read More »The 7-in-7 Debt Collection Rule: What to Know and Ways Creditors Can Work Around It
When it comes to debt collection, creditors need to be aware of the Fair Debt Collection Practices Act (FDCPA). This is a federal law that protects consumers from abusive and harassing behavior from debt collectors. Debtors will sometimes try to entrap creditors into violating the FDCPA to get them in… Read More »Creditor Entrapment: 5 Signs a Debtor Wants You to Violate the FDCPA
It seems like a no-brainer that your business needs to keep up with who its debtors are. But poor record-keeping is a reality of the business world, and it can really come back to haunt you when it’s time to collect on payments due. In fact, one study found that… Read More »How Debtors Think: Get This and Get Paid!
Recover an Outstanding Account Southwest Recovery Services is a full-service contingency agency, and we’re ready to recover outstanding debts. Southwest Recovery Services has offices located in Addison, Austin, Houston, San Antonio, St. Louis, and Oklahoma City. This makes it easy for creditors nationwide to utilize our debt recovery services. Not… Read More »Recover Outstanding Debts With Southwest Recovery Services
When trying to collect outstanding debts, there are many strategies that you can use. Some of these, like sending late notices and making follow up phone calls can be handled internally, at least in the beginning. However, for some more advanced cases, there are tactics that are best carried out… Read More »Should I Sue to Collect A Debt?
Debt collector services typically operate as part of the private sector, but they also hold value for municipal collections. To illustrate, look no further than your city’s water accounts. A city of 100,000 people may have anywhere from 40,000-45,000 metered accounts. Yet that same city will only have around 1,000… Read More »How a Debt Collector Makes Government More Efficient
A 2010 report from the Bureau of Labor Statistics (BLS) found that of the $150 billion in debt sent to collection agencies, only $40 billion was recovered. There’s a pretty good reason for this, and it all starts with who you choose as your arbitrator. All successful debt recovery requires… Read More »What Should You Look for in an Arbitrator?
Debt negotiation can be a hard pill to swallow if you’re on the business side of it. After all, you have a legal right (and a financial need) to the funds that are owed. So why should you settle for anything less? To put the answer for this in perspective,… Read More »When Is Debt Negotiation My Best Recovery Option?