| |
| |
|
Small Business Information |
|
|
|
Small Business Debt Collection Laws
In your small business debt collection laws will eventually become important, as your debt grows and some clients do not pay. To collect small business debts legally, you must send a written notice that collections have begun, within five days of first contacting the debtor for collections. The letter must include dispute instructions. Small Business Debt Collection Laws Forbidden Practices - Collect any amount beyond the actual debt, unless you really can do so legally. - Continue collections on a debt if the debtor has disputed the debt, unless you provide the debtor with written proof. - Continue contacting the debtor if within 30 days of first contact, the debtor disputes the debt. - Credit a payment the debtor has made to a non-disputed debt to a debt the debtor has disputed. - Deposit a post-dated check before the post-date. - Small Business Debt Collections Laws: What You Can't Say - Give a false name. - You are an attorney or government representative, if you are not. - You have an attorney working for you or that you are going to assign the case to an attorney, if you really do not. - The debtor has committed a crime, unless you are 100% sure they have. - You work for a credit bureau, if you really do not. - The debt is more or less money than it actually is. - You are sending or have sent legal forms when you really did not. - You are sending or have sent papers that are not legal forms, if they really are legal forms. - The debtor will be arrested--no one is arrested for nonpayment of debts anymore. You will seize, garnish, attach, or sell the debtor's property or wages, if you do not really intend to or cannot legally do so (and unless the debt is secured with collateral, you probably cannot). You will sue or take other legal action, if you do not really intend to, or are not legally able to do so. Small Business Debt Collection Laws Forbidden Third-Party Disclosures Never: - Give any credit-related information that is not 100% accurate. Tell anyone other than the debtor that you are collecting a debt. - Telephone any number other than debtor's more than once. Small Business Debt Collection Phone Calls Never: - Call after 9 pm or before 8 am. - Forget to give your name and your company's name. - Call repeatedly or in a way intended to annoy. - Make a collect call. - Make any threats. - Use profane or obscene language. - Leave a message that reveals this is a debt collection. Small Business Debt Collection Mailing Never send: - Postcards. - Envelopes or mailings with any reference to debt collection on the exterior. - Anything that looks like an official, legal, or government document, if it is not. These simple small business debt collection laws guidelines should help stay with the collection laws. If you want to learn Collection Laws, then visit http://www.debt-collection-laws.com for the latest information on debt collection laws and collection agency regulation.
MORE RESOURCES:
Small-Business - Google News |
|
|
|
RELATED ARTICLES
Business Debt Collection Letter Writing Secrets Debt collection letters--an overview"Debt collection letter" in the singular may be an oxymoron, since unfortunately, one is rarely enough. You should have a series of letters to send to deadbeat clients, each one becoming a little more insistent. Top 10 Lessons for Small Business Success - As learned From My Twin 3 Year Olds Small business success is very similar to learning to walk, talk and spell. The basics have to be understood before moving on to the next step. Boat Detailers; Add-on Products and Services As a Boat Detailing Specialist, you may want to offer services such as making sure your clients' boat's batteries are charged and offering to charge them or test the boat before they arrive for their departure. This is an easy service to provide and will keep you on the top of the boat owners list of reputable and reliable service companies. The SBAs Savviest Program Forget everything you've ever heard about the U.S. Asphalt Paving: Striping Your Parking Lot As you may already know, asphalt paved parking lots do need maintenance from time to time. One known asphalt paving maintenance technique is to have your parking lot re-striped to add a nicer look to existing asphalt paving properties. How to Effectively Design Your Business Image In many industries, image is one of the last things business owner looks at. If business is not booming, they assume there is something wrong with the sales method, as opposed to the image. How To Plant Seeds of Success With Small Business Ideas Think of all of your business ideas as tiny seeds that have the potential to germinate and grow into huge fruit bearing orchards! However, the proper steps must be taken; you can't scatter the seeds haphazardly on pavement and expect they will germinate. Growing a business is no different; it needs a fertile environment conducive to growth in order to germinate and thrive. How to Profile a Client At first glance, this topic may seem a little repetitive, but you will find that although you have done homework before getting a contract and already know a fair amount about your client, you, however, do not know everything that is pertinent to the job. Once you have the project underway you will be adding to your knowledge of the client. Create a Win Win for Your Small Business Discover How Specialized Cost Containment Creates A New Win-Win Position For Property Owner's And YouProperty Management: A simple strategy to increase client loyaltyProperty managers who pro-actively employ advanced techniques to help property owners and anchor tenants reduce operating costs, will most certainly be considered a more valuable business asset. When you can achieve this with lower administrative functions and no out-of-pocket cost to you or your client's, you've created additional benefits. The Franchisors Heavy Load Why are we over regulation the franchising industry, what purpose does it serve? Rules and laws are fine, level playing fields are nice, but the customer votes with their dollar and the entrepreneur and companies can only sell what people are willing to give up that unit of trade we call a dollar for.The FTC, Federal Trade Commission is going to pile on more regulation and minutia to the rules of franchising, but what purpose does it serve? The free market should decide and the right to free contract will determine which businesses succeed and which fail. Book Yourself Solid Key #5: Go Forward With Gusto & Articulate What You Do Want your small business to flip instead of flop?! Statistically half of the entrepreneurs reading this will be out of business in three short years. Establishing a long standing, profitable and successful business absolutely depends on your ability to convey a clear message. Is Your Success Predetermined? Your on-line success is based on your efforts and yours alone. Sure there are many tools that help you, but it is still you. Big Successes Never Happen Overnight Treat your business as a serious, full-time business and be serious about making it work. Put your plans on paper. We Know Who THEY Are Am I the only one that does not have an "A" button on my computer? I have looked on the keyboard, monitor and hard drive I can not find that darn thing anywhere. Nobody will tell me where it is. Incorporating a Small Business: S corporations versus C corporations If you've been considering incorporating your small business, you've probably been confused about the difference between S and C corporations.The similarities between S and C corporations are as follows:1. Is This The Way Its Always Been Done? Let's face it, we all tend to get stuck in doing things 'the way they've always been done', and creating products, or services, in a similarly conservative mode.But there is another way. Do I Have to Do EVERYTHING Myself?! The air in my client's office nearly crackled with her irritation. A scheduling snafu had left a client without important services. Franchisor; Ongoing Support and Ideas Ongoing support for a franchise system is omnipotent. A major part of any family relationship is communication. Web Based CRM Systems: Get Mobile; Get Results Everyday more web based companies enter the business scene. The low initial investment, potentially high revenue, and convenience of owning and operating a business from your home PC or laptop is enticing an ever-increasing number of entrepreneurs to try their hand at e-business. Women and Small Business In the book Women and Small Business author gives all the guidelines and tools need to start, operate and succeed in a business of their own. In the mentioned book she tried in the fist part to explain how has changed the role of women in the world along centuries.
|
| Good Credit Loans | home | site map | School Bus Clothing | Florida Pool Heating |
| © 2006 |
