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Uncover How These Debt Collection Laws Affect Recovering Your Business Debt Effectively
As it concerns trying to recover past due accounts from your debtors, they myriad of debt collection laws can, at times, feel like a stumbling block. Certainly, your primary goal is persuading as many delinquent customers as possible to pay their debts, and help keep your business’ cash flow strong. Reaching Your Customers – Do you know what the parameters are when it comes to trying to contact your customers? The Fair Debt Collection Practices Act regulates and protects debtors from certain kinds of communications from creditors. Basically this means that the hours in which you’re allowed to contact debtors are limited, so you need to be sure you make your calls during the allowed times. You may also find that there are strictures placed on where you’re able to contact customers … Read entire article »
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