Articles Tagged ‘collections letter’
What is a the purpose of a Collection Agency & When Should I use?
March 16th, 2010
Debt collection agencies are hired on behalf of creditors to collect money when the creditors don’t have the time or resources to effect collections on overdue debts for themselves. Collection agencies specialize in getting people to pay, they have staff that specializes in debt collection and skip-tracing, which covers a broad range of FDCPA legal and debt negotiating skills, and a streamlined process for going after accounts.
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The Truth About Debt Collection Accounts.
March 11th, 2010
The collection agency industry is a billion dollar industry. According to Rapid Recovery Solution, Inc. income from late fees and over-the-limit fees accounted for $14.8 billion dollars in the year 2004.
The Basics Of Bankruptcy Court
March 5th, 2010
Basically, bankruptcy cases can be voluntary or involuntary. The overwhelming majority of cases will be voluntary. In these, debtors (the people who owe money) petition the bankruptcy court. With involuntary bankruptcy creditors (the people who you money to) file the petition in bankruptcy. Involuntary petitions are usually rare and are sometimes utilized in business settings in order to force a company into bankruptcy so the creditors can enforce their rights.
