Reasons To Use A Debt Collection Agency
January 2nd, 2020 by New World Collections
A Good Debt Collection Agency Saves You Time and Money
What Are the Laws Regarding Credit and Debt In Ohio?
October 6th, 2019 by New World Collections
Ohio State Laws on Consumer Debt Ohio has ample consumer protection laws, which contribute to residents’ overall financial well-being. Some Ohio laws reinforce and reiterate federal laws. Others go much further than nationwide protections, adding to consumer rights within the state. Statute of Limitations Ohio’s statute of limitations is six years regardless of the type of […]
How to Run a Credit Check on Your Customer
October 1st, 2019 by New World Collections
Credit checking helps small business professionals make more informed business decisions. Your prospective customer’s credit report contains details about their financial behavior, including public records, hard inquiries and the payment history on their credit accounts. Steps for How to do a Credit Check Create an account on Experian Connect. There’s no cost or credit card required for a […]
3 Tips To Improve Small Business Debt Collection
October 1st, 2019 by New World Collections
If you dislike managing past due accounts receivables to ensure steady cash flow, you are not alone. Small business debt collection can be a tedious task. It shouldn’t be complicated to collect payments in full and on time, but sometimes it is and can be frustrating. Keeping cash coming in predictably helps smooth out the […]
4 Reasons To Outsource Your Accounts Receivable
September 22nd, 2019 by New World Collections
Collections may seem like a function that can be handled in house by a non-specialist, however, preventing past due accounts, and handling those accounts that enter into collection status may become too cumbersome to be handled without professional intervention from collection agencies and accounts receivable outsourcing programs.
What are debt collectors not allowed to do?
March 8th, 2016 by New World Collections
There are some debt collectors who use shady or illegal tactics when attempting to contact you regarding a debt. It is important to be aware of 6 common tactics debt collectors are not allowed to do: *Informing anyone other than you- Collectors cannot tell any co-workers, friends or relatives. Doing so is third party disclosure […]
How to locate someone who owes you money
March 2nd, 2016 by New World Collections
In the course of collecting bad debt, sometimes part of the problem lies in having to locate someone who owes you money. As we all know, in the course of doing business you get returned mail on invoices, phone numbers are disconnected, or the person is no longer employed at their previous job. So how […]
What is the difference between Chapter 7 and Chapter 13 bankruptcy?
February 27th, 2016 by New World Collections
Bankruptcy filing continues to be on the rise in the US economy. As an operating business, getting bankruptcy notices regarding customers who used your services is definitely a negative impact on your bottom line. However, there is a difference between Chapter 7 and 13 that can benefit your business if you understand your rights with […]
How to stop bill collectors from contacting you
February 17th, 2016 by New World Collections
Whenever you are contacted by a bill collector, you do reserve the right to decline any further contact regarding the debt. However, it is best advised on the first call to see if you can rectify the matter first, especially if it is a valid debt. On the other hand, if you continue to receive […]
How to recover a judgment on bad debt
February 10th, 2016 by New World Collections
Going to court to obtain judgment on a debt is one thing, but enforcing the judgment for recovery of that debt is a whole different ballgame. What are your options to recover a judgment for bad debt? It first starts with having hired a debt collection agency to collect before filing for court. Debt […]
