Collections -- debt, check recovery

Have you ever received a "bounced check?"  Have you ever used a check recovery service to collect NSF (non sufficient funds) checks? Share with other Internet users your methods of collecting bounced checks, including using a "bad check restitution" program from the local Prosecuting Attorney Office (for a list of some Bad Check Restitution Programs, which may also be referred to as a "worthless check unit" or a "bogus check program"), see http://www.abiblecommentary.com/listofdistrictattorneyoffices .      Read Full Story

A fairly large business called me up today and said, “We are tired of using a check guarantee service” and I knew exactly what they meant. A check guarantee service charges businesses for each check it accepts. If a business follows various rules and the check bounces, the check guarantee service is supposed to “guarantee” that the merchant that they will receive back the face value of the bounced check. Several companies advertise a check guarantee service – Telecheck ; merchant seek ; check care ; payment solutions ; cross check . If your checks are usually higher end checks ($2,500 and up), you ... Read Full Story

Everyone wants the best possible deal and this is also true for businesses that need a collection agency service. In fact, one of the first questions that many businesses ask a collection agency representative like me is: How much does the collection service charge? A business does need to know the “split” that a collection agency service offers to business. However, the percentage of money kept by a collection agency (and this may range anywhere from 18% to 50%) is not the most important piece of information. Suppose that a collection agency charged only 2% (this mythical collection agency returns 98% of all the ... Read Full Story

Looking for an attorney or lawyer that specializes in debt collection? There are certainly many firms to chose from and one list of collection attorneys may be found at http://lawyers.findlaw.com/lawyer/practice/Collections . You may find others using Internet search words such as “collection lawyer,” “collection lawyers,” “credit collection lawyer,” “debt collection lawyer,” “commercial collection lawyer,” “debt collection attorney,” etc. Some collection attorneys work with individuals while others with commercial clients or both individuals and businesses. A collection attorney may offer the search and seizure of assets, delinquent property tax collection, drafting and serving collection letters such as “demand letters,” help in the garnishment of wages, ... Read Full Story

What is the # 1 collection agency in the Unites States? You could try to answer this question by doing a Google or Bing search for “# 1 collection agency” – that would give you some collection agencies that are ranked well in search engines, but these agencies may or may not be good at collecting on submitted accounts. The “number 1 collection agency” may not be a specific agency in a specific city and state. The # 1 collection agency for your business may be a collection agency service that meets all your needs. It answers the phone if you need to update ... Read Full Story