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New Debt Collector Rule for the Modern Age

New Debt Collector Rule for the Modern Age

Communication has come a long way since 1977, when the Fair Debt Collection Practices Act was passed. Because email, voicemail and texting did not exist back then, the act does not cover their use in debt collection attempts. The Consumer Financial Protection Bureau...
5 Debt Collection Tips for Business Owners

5 Debt Collection Tips for Business Owners

It’s that time of the month, money collection time. But, once again, when you request the money, nothing happens. The debt collection process can be a huge headache for business owners and has the ability to negatively affect your cash flow and accounts receivables....
How to Find That Ex Tenant… and Collect

How to Find That Ex Tenant… and Collect

Too many landlords and property owners have experienced nightmare tenants in one way or another. Whether they skip rent or destroy property (or both), they always end up accumulating astounding debt… that of which never gets returned. When the time comes to find and...

What Should You Look for in an Arbitrator?

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...