Finding Debtors & Hidden Assets – Jurisdictions

Finding Debtors & Hidden Assets – Jurisdictions

In the US there are over 4,300 jurisdictions that maintain records which are helpful to those looking to uncover assets. Many of these jurisdictions are at the county or city level, and each one establishes its own policies regulating public access. These records are...
Thursday Debt Collection Tips  (Series Finale)

Thursday Debt Collection Tips (Series Finale)

In tough economic times, debt collections are fairly common and applying these techniques will improve your chances of success. If this approach doesn’t produce the results you want, it might be time to employ the services of a collection agency or collection...
Thursday Debt Collection Tips  (#9 In A Series)

Thursday Debt Collection Tips (#9 In A Series)

Maintain Open Communication. Maintain open communication with the debtor, even if they are unable to pay right away. They might be able to pay fairly soon and by keeping an open communication with them, you might even find a way for them to start paying much sooner....
Thursday Debt Collection Tips  (#8 In A Series)

Thursday Debt Collection Tips (#8 In A Series)

Review the Terms. If a repayment plan has been reached, go over the plan verbally with the debtor. The summary should include exactly when the payments will be sent in by the customer and what method they’ll be using for the payment. This should be followed up...
Thursday Debt Collection Tips  (#7 In A Series)

Thursday Debt Collection Tips (#7 In A Series)

Provide Alternatives. Is the customer finding it difficult paying off the debt? It could be possible for them to pay it off over time. Try to come up with a payment plan that works for your client and the customer. The end game is to have the customer pay the full...
Thursday Debt Collection Tips  (#6 In A Series)

Thursday Debt Collection Tips (#6 In A Series)

Eliminate Anger and Harassment. If the debtor becomes abusive during the conversation, try to keep calm and suggest that you can call them back at a later time. Whatever the situation, listen to what the customer is saying very carefully and keep the conversation as...
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