Pre Litigation Collections – Debt Collection Without Lawsuits
Given that 71 million US adults have debt in collections reported in their credit files, it’s no wonder that creditors everywhere are looking to hire lawyers to manage pre-litigation collections. Pursuing an overdue debt by yourself is difficult, pricey, and usually bound to fail. Should you hire a lawyer to oversee the pre-litigation process? Doing […]
Michigan Debt Collection Laws – Everything You Need To Know
Debt collection law in Michigan is confusing to understand and expensive to violate. Landlords, contractors, and creditors who are owed money may face legal jeopardy if they attempt to collect a bill without respecting the rights of debtors. In addition to a messy legal battle that could quickly spiral out of control, they could also […]
Fair Debt Collection Practices Act – Everything You Need To Know
Collecting on your unpaid debts could backfire if you’re not familiar with the Fair Debt Collection Practices Act (FDCPA). This important piece of federal legislation determines how landlords, contractors, and lenders can go about seeking restitution when dealing with debtors. Pursuing a delinquent debt without brushing up on the FDCPA beforehand is sure to end […]
How Does Debt Collection Work? A Practical Guide To Collecting The Money You’re Owed
Are you looking to reclaim unpaid debts but lack the technical expertise of how does debt collection work? If you continue reading you’ll gain practical insights into debt collection and how to effectively tackle it. Debt collection is one of the oldest known professions, yet the tactics and technology that modern debt collectors rely on […]
Should I Hire a Debt Collection Lawyer? Everything You Need To Know
It’s every business owner’s dream to maintain excellent customer relationships, yet in business, we unfortunately sometimes are forced to ask ourselves “should I hire a debt collection lawyer?” as a last resort to unpaid debts. Having to embark on aggressive debt collection measures like involving a debt collection lawyer only comes as a last resort […]
Michigan Statute of Limitations on Debt – Everything You Need To Know
Debts on credit cards, mortgages, auto loans, and student loans are all on the rise in Michigan. Although Michiganders’ total debt levels are still below the national average, this is largely because Michigan residents are more than 25% more likely to file for bankruptcy to clear their debts than residents of other states. Few people […]
What is Skip Tracing? How to Find Someone Who Owes You Money
Creditors seeking payments from debtors who are “missing” may require the services of professional Skip Tracers. What’s Skip Tracing? Read on to learn more.