Expert Tips on How to Collect on Debt
Debt collection is an important part of every successful business. If you’ve been in business long enough, and have served enough customers, you’ll inevitably run into a client that has issues with making payments. The first time that happens, it can be extremely frustrating and uncomfortable. However, there are ways to increase the likelihood that […]
Collecting Debt – 6 Tips to Get Paid On Time
Collecting debt can be tricky and can take a toll on your business and relationships. Here are 6 tips to ensure you get paid! #1 – Agree on Terms and Get a Deposit Your payment terms should be incredibly clear and well written. Be sure to get a contract, in writing, that stipulates that both […]
Five More Important Facts About Debt
1. Most Americans are Burdened with Credit Card Debt While Americans paid off a big chunk of debt over the pandemic (largely thanks to those stimulus checks!), the average household in the US owes over $90,000 in debt. Sound high? Well, it factors in school, car loan, and mortgage debt. While those 3 contribute to […]
What Constitutes Possession of Drugs in Virginia?
In Virginia, it is illegal to possess certain controlled substances. Other drugs you can possess lawfully and without any recourse from the government if they find you with them. In some instances though, an otherwise illegal drug to possess is lawful to possess so long as the one possessing it holds a current prescription for […]
Regulation F
Link to Regulation F From the American Bar Association’s September 21st Article by Caren D. Enloe The Debt Collection Rule: Communications, Disclosures, and the Other Changes You Need to Know Caren D. Enloe On November 30, 2021, the Consumer Financial Protection Bureau’s (“CFPB’s”) much-anticipated Debt Collection Rule (the “Rule”) will take effect.[1] The (“Rule”), which […]