It can be tough for a Fayetteville business to keep its doors open if its clients and customers fail to make timely payments on the services the business offers. When individuals do not pay their bills, businesses can struggle to pay their own financial obligations...
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Business Collections
Options for getting paid on business debts
A well-run business can suffer when its vendors and contract holders fail to make timely payments on their agreements. When a Fayetteville business finds itself holding unpaid debts and struggling to make ends meet, it may wish to take action to compel payment on what...
Mechanic’s liens can help get contractors paid
Contractors will usually complete projects after a client puts a deposit down. This may cover their materials, but there's usually a balance left after the job is completed. While most clients will pay the balance due right away, some don't. This can leave the...
Failed payment promises may require escalated collection efforts
One of the most important things a business needs to survive and grow is its revenue. That's the money that actually supports the needs of the business. It isn't enough to just have enough billable accounts. Instead, the company has to actually receive the money that...
How can businesses protect themselves from debt?
No one goes into business thinking about debt, but it's a big part of how capital moves around. Many business owners remember going into debt just to make their dreams a possibility. So that can confuse issues when you are the one who is owed and you need to find ways...
Collections may be easier with prior planning
It's not easy when you are forced to put an account in collections. People who owe your business money may be valued clients and require hand-holding, while any effort put into recovering what you are owed is taken away from projects and operations.The process,...
Business debts are not helping anyone
If you have put your passion into a business or a career, you probably want to focus on the positive even more than other people. After all, why think about the worse aspects of doing business when you love what you do? But open accounts in the red aren't doing anyone...
How do you go after a business debt?
Contracts and debts are part of doing business in America, and the nation itself was built on a delicate balance of assets and loans. It's always important to pay debts, though, as the consequences have gotten far easier to apply to the right parties as the electronic...
What is the Fair Debt Collection Practices Act?
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...
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...