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Q: When Should A Claim Be Submitted To A Professional Collection Agency?
A: There is an ancient Chinese saying: "A wise dentist collects his fee while the patient's tooth is still aching." The longer you wait, the less likely the debtor will … More
Q: Once A Collection Agency Goes To Work, What Are The Chances Of Success?
A: The odds of collection are pretty good at an early stage but drop dramatically with the age of the account. The longer a delinquent account is held by the creditor, … More
Q: Can The Creditor Recover Costs Of Collection?
A: You cannot recover costs of collection (meaning attorney fees and contingent collection fees) from a U.S. debtor unless your sales contract specified such. At least 10 … More
Q: If A Case Goes To Trial, What Does The Creditor Have To Prove?
A: While law suits can become very complicated, depending on the complexity of the transactions between the creditor and debtor, there are basically five things the … More
Q: Fair Debt Collection
A: If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a "debtor." If you fall behind in repaying your creditors, or an … More