www.srimehta.com | Your Financial Solutions

Comments (1)

08.Dec.2009 - By Admin

If a customer owes your local business money, it’s hard not to feel angry, like you want to do anything possible to get your money back. But the days of going all out to collect on a debt over. The Fair Debt Collection Practices Act, designed to protect consumers from harassment or intimidation, sets firm limits on what you can do to collect a debt from a consumer. The federal debt collections law even prohibits practices that were once standard, and that you might not consider harassment at all. Continue reading 'Legal Debt Collection For Local Businesses'»

Comments Off

08.Dec.2009 - By Admin

In your small business debt collection laws will eventually become important, as your debt grows and some clients do not pay. To collect small business debts legally, you must first send a written notice that collections have begun, within five days of first contacting the debtor for collections (for instance, within five days of calling on the telephone). The letter must include dispute instructions. Continue reading 'Small Business Debt Collection Law Cheat Sheet'»