This federal law applies to debt collection agents, attorneys or companies pursuing payment of debts on behalf of the third parties that issued the original loans. The FDCPA grants rights to consumers in North Carolina that protect them from harassment, false...
Business Collections
The possible benefits of a collection attorney
Business owners in North Carolina may encounter a situation in which customers refuse to pay for goods purchased or services rendered. While it may be necessary to go to court to resolve the matter, this isn't always true. The first step in the process should be to...
How companies can get what they are owed
In most cases, business owners in North Carolina don't have to worry about customers not paying their bills. According to the Credit Research Foundation, delinquencies are rarely longer than seven days. However, if a customer is delinquent on a payment, it may take...
Business debt collections approaches
In North Carolina, businesses sometimes have trouble collecting on debts that are owed to them. If your business has had difficulty collecting payments that are past due, there are legal avenues to take. Both state and federal laws apply to how you can go about...
Collecting judgment debts in North Carolina
When North Carolina businesses are awarded money judgments, they then have to figure out how to collect on them. It is common for businesses to encounter difficulties with collecting judgment debts owed to them by debtors, and you must make certain that you follow the...
Valid debt deserves collection, but it needs to be done legally
There are a lot of critical elements that contribute to the success of any business. Money is one of them. Some might well argue that it's most important element. If you're not making money, you aren't going to be staying in business very long.To be sure that money is...
What’s factoring and should I use it for business financing?
"I'll gladly pay you Tuesday for a hamburger today." Fans of older cartoons will recognize that as the line used by Popeye's friend, Wimpy, to get a free meal. Apparently Wimpy, for all his apparent education, had a bit of a chronic cash flow problem.Perhaps you're a...
Learning from the past can help avoid future collection issues
The term robo-signing got coined just five or six years ago. It is not a phrase that has positive connotations about the value of leveraging advanced technology. No, robo-signing is that practice by lenders that has come to be associated with abuses that contributed...
Money lent may amount to money spent without a promissory note
There was a time when a handshake was as good as a contract. In some cases, the deal might have involved the borrowing of a small amount of seed money to get a small business off the ground. In others, it might have been a local storeowner extending a line of credit...
How do I deal with clients who don’t pay?
There can be a great deal of satisfaction in owning and operating your own business. Identifying a need and filling it is the very essence of the entrepreneurial spirit that keeps the economy in North Carolina plugging along.But there is one thing that is critical for...