When Should a Business Turn Over an Account to Collections?
For a number of different reasons, not all customers pay their accounts on time. Some people make mistakes, some end up in a difficult financial …
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June 1, 2022 Collections
May 18, 2022 Collections
The Cost-Benefit Analysis of Filing a Lawsuit to Collect a Debt
The Federal Reserve Bank of New York reports that U.S. households owed an estimated $15 billion in debt. Businesses owe trillions more in outstanding financial …
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May 4, 2022 Collections
What are Common Litigation Tactics in a Lender Liability Lawsuit?
As defined by the International Risk Management Institute (IRMI), a lender liability claim is a type of legal action in which a borrower alleges that …
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April 6, 2022 Collections
How Do NJ Collection Agencies Stay in Compliance?
Debt collection is a massive industry in the United States. According to a report from IBISWorld, there are nearly 8,000 debt collectors operating nationwide, bringing …
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March 18, 2022 Collections
If Your Business Closed in New Jersey, Can You Still Collect Debt?
The business world is fast-changing. According to the United States Small Business Administration (SBA) an estimated one in 12 companies closes up shop each year. …
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