Question By: A debt collector is a company or agency that is in the business of recovering money owed on delinquent accounts. Debt collection agencies collect various delinquent debts—credit cards, medical, automobile loans, personal loans, business, student loans, and even unpaid utility and cell phone bills. For difficult-to-collect debts, some collection agencies also negotiate settlements with consumers for less than the amount owed. You may not know when it’s time to hire a collection agency, but these tips should help you decide.
-
You can’t locate the customer.
-
The debt is over 90 days past due.
-
Customers’ checks have bounced.
-
Customers keep stalling.
-
Customers promise to pay by a specific date but then don’t pay.
Gurstel Law Firm P.C. provides customized recovery solutions for the collection of business-to-business debt of all varieties, sizes, and volumes. From demand letters to full-fledged litigation and post-judgment collection measures, offering a full range of legal and recovery services for businesses.
Answer By: