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?