Arizona
Unlike many states, Arizona requires all claimants – contractors or subs - to file a pre-lien notice no later than 20 days commencing services. Any person who furnishes professional services
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Alaska
A pre-lien notice is not required but recommended to make enforcement easier. A lien can be filed by any person who furnishes services for the improvement of real property at the request of an owner
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Alabama
Contractors or subs who do not have a direct contract with the owner must file a pre-lien notice before they can file a lien. There is no time deadline when the pre-lien notice must be filed other than before a lien is filed.
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Principles for Collecting Debt
There are four basic principles to follow when collecting debts, ranked by order of importance: 1 Collect the money owed to you 2 Develop a collection policy
Read articleCredit Letter
When your company is involved in exporting, if the documents presented do not conform precisely to the terms of the letter of credit,
Read articleDebt Collection Agencies and the Supply of Consumer Credit
The activities of third-party debt collectors affect millions of borrowers. However, relatively little is known about their impact on consumer credit. To study this issue, I investigate whether state debt collection laws affect the ability of third-party debt collectors to recover delinquent debts and if this, in turn, affects the amount of credit being provided.…
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2015 Fair Debt Collection Practices Act
The Federal Trade Commission (FTC) is the nation’s consumer protection agency. The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace.
Read articleCommercial Collections
Recovery Rate of 39 % when the industry average 23 %, Achieve 33% Higher level of Collection vs Industry Average
Read articleHiring a Collection Agency
Consider This Before Hiring a Collection Agency.Can third-party commercial debt collection agencies collect more for your organization? The answer is a resounding yes! With potential decreased operating costs and less overhead, outside help can be a viable and attractive option for many organizations over utilizing more expensive internal resources.
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Over 90% of big businesses and approximately 10% of small businesses rely on professional debt collection agencies
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