When it comes to debt, most people are aware of the seven-year statute of limitations. However, not everyone knows how it affects them, their loans, and their credit cards. The Fair Credit Reporting Act allows for listing negative items on someone’s credit report during the seven years. It includes late… Read More »Can I Still Pursue Debt After 7 Years?
commercial debt collection
2020 has been a rough year for American businesses. Due to COVID-19, many businesses have had to close or reduce their hours or services. This costs businesses a lot of money in lost productivity and reduces their sales. Since this crisis has now stretched into a nearly year-long ordeal, many… Read More »Collecting Commercial Debt When a Business Closes
Every business reaches a point where it is no longer sustainable to collect outstanding debts in house. Small businesses find that debt collection is too involved for their staff and is a drain on their time and energy. Larger businesses find that even with dedicated debt collection staff, some debts… Read More »What To Look For In A Collection Agency