Directory Menu Information

 

Cisco CCNA, CCNP, and Security Practice Exam: IP Version 6, DAI...
Category:
 

Cash Back Credit Cards: Let Your Credit Cards Pay You
Category:
 

Secured Credit Cards help People get Back to Life
Category:
 

Internet Business - What's so good about having your own Website...
Category:
 

Tips When Selecting Time Share Properties
Category:
 

Avoiding A Bad Credit Rating
Category:
 

Do You Know How to Make Fast Money?
Category:
 

6 Ways to Make Money Fast
Category:
 

Four Ways to Earn Extra Money
Category:
 

The 50 Biggest Mistakes Information Marketers Make - # 26 Poor P...
Category:
 

Events Leading to the Real Estate Market Crash of 2008
Category:
 

When You Can Never Seem to Get That One Rare Item in Your Favori...
Category:
 

When All Your MMORPG Items Just Aren't Doing It For You!
Category:
 

Turn Playing MMORPGs into a full-time Job when You Sell Your WOW...
Category:
 

The Secret to Online Gaming Success for the Busy Gamer
Category:
 

Make Money Selling Your FFIX, EverQuest and WOW accounts
Category:
 

Make Money Playing Your Favorite MMORPG—Seriously, Real Money!
Category:
 

How to Spice Up Your MMORPGs!
Category:
 

Buy a WOW Account and Don't Waste Hours Just Trying to Level Up
Category:
 

Add a Little Extra Flavor to Your Final Fantasy XI Accounts and ...
Category:
 

Hot Adsense tips and facts from a self made adsense millionaire.
Category:
 

Using Trade Shows to Attract New Business
Category:
 

Life is an ADVENTURE, why not live it in Paradise?
Category:
 

Adsense Showing Yahoo
Category:
 

20 Beginner Tips For Taking Digital Photography
Category:
 

Research is Only as Good as How You Use It
Category:
 

Domain Investing - Eight Reasons To Love Generic Keyword Domains
Category:
 

Bittersweet Vertigo
Category:
 

Incentive Marketing: Does It Really Work?
Category:
 

Christian Wallet & Hindu Purse
Category:
 

Beast Of Humanity
Category:
 

Drop Dead Good Looks With Beautiful Teeth Whitening
Category:
 

Does 1 Shopping Cart Really Exist?
Category:
 

Laser Teeth Whitening Zapping Away to a Brighter Smile
Category:
 

Wrinkle Reduction: Olay Regenerist
Category:
 

Hybrid Pickup Trucks - Benefits Of Switching As Gas Costs Soar
Category:
 

Home Teeth Whitening and Your Shocking New Smile
Category:
 

Casino Slot Machines from Rival
Category:
 

A Guide to Rival Casino Slot Machines
Category:
 

Realtime Gaming's Classic 3-Reel and Bonus 5-Reel Slot Machines
Category:
 

Going On A Table Tennis Date
Category:
 

Forums vs Blogs - Same or Different?
Category:
 

Getting Better At Table Tennis
Category:
 

Errors When Playing Table Tennis
Category:
 

Contrary To What Your Upline Told You...
Category:
 

Equipment For Table Tennis
Category:
 

Getting Divorced? Save Your Credit History First
Category:
 

Airline Travel Tips - Tips for Flying with Children
Category:
 

National Mortgage Lenders Here to Help You Now
Category:
 

Glittering white teeth some basic tips
Category:
 

Can You Cultivate Your Own Pearls?
Category:
 

Expert Stud Welders Will be in High Demand
Category:
 

The largest parcel of land - Galveston Island
Category:
 

Networking Importance
Category:
 

Internet Marketing Discussion Forums Participating in it.
Category:
 

Steps for Choosing a Stud Welding Company
Category:
 

Learning to Develop Lean Muscles in Ballet
Category:
 

4 top challenges facing option buyers
Category:
 

Fascinating Vacations In Hotel
Category:
 

Are Foreclosure Deals All They're Cracked Up to Be?
Category:
 

Training for Success with Your Internet Business, Article 6, Mot...
Category:
 

Starting Up Owning and Business
Category:
 

Advice on Medicinal Herbs In Bulk
Category:
 

Recommended Top Employee Giveaways
Category:
 

Easy Online Business Traffic Tips
Category:
 

Downtown San Diego Restaurant: Rice
Category:
 

Austin Neighborhood Spanish Oaks
Category:
 

Benefits of ID Card Software
Category:
 

Teasing and Testing Your Traffic
Category:
 

Win a New Inflatable Boat! (And Maybe a Whole New Outlook on Lif...
Category:
 

Staying on the Ball with Your Marketing
Category:
 

Do Proper Planning For New Holiday Vacation
Category:
 

Finding Good Schwag For Your Promotional Marketing
Category:
 

Contract Hire and Car Leasing - Good Option?
Category:
 

Your Travelling with Your Camera
Category:

Debt Collecting Q & A - Issue 5 Sponsored Links

Debt Collecting Q & A - Issue 5



Editor: The following article is offered for free use as long as
the Resource Box at the end is included in the release.

By Jim Finucan
Category: 0

Submit your Articles Here!



Editor: The following article is offered for free use as long as
the Resource Box at the end is included in the release.

Debt Collections Q & A ? Issue 5
By Jim Finucan
© Tiare Publications
391 words

DEBT COLLECTIONS Q & A - #5

Jim: My question is simple. I don?t like to mess around so I just hand my delinquent accounts over to an attorney who sues the client right away. I either get a judgment or they pay just
before the court date. Why doesn?t everyone do it this way?

Barry Ranken, OH

Barry ?

Your approach is effective and often becomes the last resort after several attempts have been made to reconcile a delinquent debt. But it?s important to decide how long you want to allow a delinquent debt to remain on the books before you turn it over to a lawyer. Do you treat each situation the same?
i.e. do you wait the same number of days? Do you send the same number of notices no matter what the situation? Do you send the debtor a warning letter letting him know this will go to an
attorney if not paid by such and such a date? Is your attorney a collection specialist who is taking steps to collect the bill before moving forward with a court date?

I recommend adopting a specific procedure before you turn your attorney loose on the debtor. One size doesn?t necessarily fit all. There are times that require understanding the debtor?s problem;situations that might work themselves out if you waited just a
little longer. At worst a few phone calls would let the client know you are genuinely concerned about their success and are interested in helping them. This understanding approach cements a relationship and can result in years of customer loyalty.

But don?t get me wrong. Sometimes you need to put the squeeze on. However, do hear them out first. Clients need to be
listened to! Your company should have a collections policy

that is both specific and flexible or you are likely lose clients to someone who does make an effort to understand
and accommodate special debt situations.

Before you turn things over to an attorney give the customer an agreed upon deadline by which you need a certain amount to be paid, otherwise you?ll have to get your attorney involved. Let them know the situation can?t be left up in the air for too
long. This approach increases your chances of having a repeat customer ? one who may even refer associates to you. A little understanding and compassion can go a long way towards
helping your business succeed.

(end)


About the Author



Jim Finucan is a 13-year collections veteran and author of ?Past Due ? A Debt Collections Manual.? Details on this powerful money-collecting tool can be found at: http://www.tiare.com/pastdue.htm


Debt Collecting 0 Subcategories

Computers & Internet > Year 2000 Problem >
Year 2000 Problem > >

Debt Collecting 0 Articles

10 Top Tips - Protect Your Cash flow by Nichola Smith
Mums: The best weapon for collecting overdue debts? by Martin McAllister
Invoice Factoring: Cash Now, No Waiting, NO Debt... Your competitor is doing it, Are you? by Richard Bonomo
Debt Collecting Q & A Issue 6 (Re-Submit) by Jim Finucan
Debt Collecting @ & A - Issue 6 by Jim Finucan
Debt Collecting Q & A - Issue 5 by Jim Finucan
Debt Collecting Q & A - Issue 4 by Jim Finucan