Collections-Creditors Rights Articles

• The Fair Debt Collection Practices Act
  From time to time, many well meaning borrowers fall behind on their bill payments. It may be that the borrower has lost his or her job, has run into unexpected … More
• What are my obligations if I co-sign a loan for another person?
  What should you do if your twenty-something son asks you to co-sign his car loan? While you love your son, you’re not sure if he will be able to make the … More
• Loan Default Litigation: How to Collect on a Defaulted Loan
  It can be both frustrating and bad for business when you lend money to an individual or another business and they default on their loan payments. Many lenders … More
• Lien Priorities: Who Gets Paid First?
  For many Americans, the purchase of property is among the most important and most expensive purchases that they make. Most property owners borrow money in order … More
• Repossession and Foreclosure of Personal Property
  In today’s age of high prices for everything from cars to furniture, from flat screen TVs to washing machines, many businesses find it necessary to allow their … More
• Charging Off a Bad Debt: How, When and Why to Do It
  For many creditors, the frustrating reality is that it costs money and it takes time to recover the money that is legally owed to them if a borrower stops repaying a … More
• Loan Default: Workout, Litigate or Foreclose?
  Creditors are often faced with a difficult decision when a borrower defaults on a loan. In order to stay in business, creditors must collect on as many loans as … More
• Property That is Exempt From Bankruptcy
  Has one of your borrowers filed for bankruptcy? Are you concerned about recovering the money that you loaned to the borrower? Many creditors are concerned … More
• What to Do if You Can’t Pay Your Bills
  If you have lost your job, had unanticipated medical bills or simply taken on more creditors than you can afford to repay then you may be having difficulty paying the … More
• What You Can Do When Your Customers Don’t Pay Their Invoices
  Almost every business owner has faced the same problem at one time or another. The business provides a product or service to a customer, the business invoices the … More