Collections

The right of creditors to pursue repayment is protected under the law. Businesses can file lawsuits against individuals and even other companies. Creditors can request judgments that allow them to garnish wages or place liens against high-value assets. Unfortunately,...

Maybe you work as the manager of a local credit union that issues credit cards to members or provides overdraft protection in the form of a line of credit. Perhaps you are a plumber who recently finished work on a residential property but never got paid for that work....

When your business needs to collect money from customers or clients, you have to be careful about what steps you take. Collection activity can be difficult for a small or mid-sized business to handle in-house. They may not have enough demand for collection services to...