Hiring A Collection Agency: Business Debt Collection Made Easy
by Michael Gillen
It's a problem as old as business itself: sometimes you have delivered a product or service, but your customer refuses to pay all or part of the cash owed. Short of only accepting cash upfront (hardly an option in this day and age), everybody who runs a business is going to have to deal with this problem on a frequent basis. When you have exhausted all other options and you feel that you're ready to take the next step, your best bet is contacting a professional collections agency that can help you get the cash that you deserve. Here are a few tips on how you can make sure that the debt collection agency that you hire is the best fit for you.
The first step is an oldie but a goodie: look through the yellow pages and search for a collection agency that works in your area. Every area might have different rules for collecting debt, so it is better for you in the long run to hire somebody who is knowledgeable of the rules and regulations governing debt that are in place in your area. When looking for agencies, remember that they can be called a variety of different things: debt recovery agency, credit collection agency, debt collection agency, or a bill collection agency. Each of these does the same thing, so you should not be concerned about what it's called.
Once you have made a list of potential debt collection agencies, fire up your computer (well, it should be on now if you're reading this). The vast majority of companies have a website these days, so you can go on to them in order to learn about rates as well as their individual areas of expertise.
What you have to do next is a bit more complicated, but so is collecting bad dept. By asking friends and local businesses to see if they have worked with any debt collection agencies and if they have any suggestions or horror stories to share with you, you will get a nice list of companies that would be best for you to work with. Your accounts receivable is one of the most critical parts of your business, so it makes sense that you would only want to work with a very reputable company.
Now that you have a list of your top debt collection agencies, you should organize a face-to-face meeting with them so that you can make sure that these are the sort of people with whom you'd want to work. This meeting should focus on things like rates (what percentage of the bad debt that the collection agency will take as their fee), the kind of techniques the debt collection agency will use, and finally that they have experience in the sort of debt collection you are trying to do in the location you're working in.
Once you've finished these steps, you can finally get back to actually making the products or performing the services you sell. Debt collection is important, so hiring a debt collection agency is a great way to stay focused on what you should be: your business.
Tuesday, September 27, 2011
The Art Of Skip Tracing
The Art Of Skip Tracing
by Takara Alexis
If you aren't sure what skip tracing is, then don't fret. The term skip tracing is a term used throughout the industries of debt collection, bounty hunting, private investigators, detectives, journalists, and anyone that is in a profession that searches for specific people. The term comes from the American idiom to "Skip Town". The people who "skip", are the people being searched for.
Information gathering is the essence when it comes to skip tracing. There are many databases to find information on the subject, and are utilized constantly. Other than the subject itself, the data can be used to locate parties related to the subject, in order to get them to assist in identifying and locating the subject.
Examples of ways to Skip Trace: ZabaSearch, an online resource. Telephone directories. Marriage Licenses. Death Certificates. Real estate records. Checking if the skip has children in school, then checking the school district. Check Licensing agencies pending on the profession of the skip. Check unions if the skip was in a union.
Finding out as much information as possible about the skip is essential, then deducing the information to locate said skip is the hopeful final result. One specific tactic used by skip tracers is pretexting. Pretexting is the action of pretending to be someone else in order to extract information from others. Much of pretexting is legal, however in some cases it is illegal to use pretexting. This tactic requires the skip tracer to be a very creative person, in order to get the exact type of information they want without tipping someone off who they actually are. In general, states will have different laws about skip tracing, so if you are learning how to skip trace, make sure to check with your state on what you can and cannot do.
There are many types of skip tracing. This includes finding missing husbands and wives and other family members. Maybe you need to find someone who is in thousands of dollars of debt with you. When you need to find a person, a skip tracer is someone you will go to for help.
by Takara Alexis
If you aren't sure what skip tracing is, then don't fret. The term skip tracing is a term used throughout the industries of debt collection, bounty hunting, private investigators, detectives, journalists, and anyone that is in a profession that searches for specific people. The term comes from the American idiom to "Skip Town". The people who "skip", are the people being searched for.
Information gathering is the essence when it comes to skip tracing. There are many databases to find information on the subject, and are utilized constantly. Other than the subject itself, the data can be used to locate parties related to the subject, in order to get them to assist in identifying and locating the subject.
Examples of ways to Skip Trace: ZabaSearch, an online resource. Telephone directories. Marriage Licenses. Death Certificates. Real estate records. Checking if the skip has children in school, then checking the school district. Check Licensing agencies pending on the profession of the skip. Check unions if the skip was in a union.
Finding out as much information as possible about the skip is essential, then deducing the information to locate said skip is the hopeful final result. One specific tactic used by skip tracers is pretexting. Pretexting is the action of pretending to be someone else in order to extract information from others. Much of pretexting is legal, however in some cases it is illegal to use pretexting. This tactic requires the skip tracer to be a very creative person, in order to get the exact type of information they want without tipping someone off who they actually are. In general, states will have different laws about skip tracing, so if you are learning how to skip trace, make sure to check with your state on what you can and cannot do.
There are many types of skip tracing. This includes finding missing husbands and wives and other family members. Maybe you need to find someone who is in thousands of dollars of debt with you. When you need to find a person, a skip tracer is someone you will go to for help.
Collection Company Pros
Collection Company Pros
by Nicholas Sorrentino
Customers who take their time with payments have become prominent these days. Unpaid dues or bad debt is a necessary problem for all organizations which further lead to restricted cash flows and hinder the growth of the business.
Collection companies play a vital role in settling differences between the debtors and creditors. They act as resolutions for both ends. The collectors offer services to creditors and ensure that all their debts are collected within the shortest time possible. They also assist debtors and help manage their bills in an organized way.
These agencies are an advantage for all businesses as they are experts in the collection of unpaid dues from delinquent customers. They save valuable time and assets that can be used for business growth. Occasionally, collection agencies will purchase the debt from the creditor. However, usually all that the collection agencies acquire is the right to carry out the process of debt collection.
It's important that one should visit these organizations over the Web to know the services being offered. Many companies have special training programs for their agents for handling their clients with much care and better understanding.
The main goal of these agencies is to make sure all payments made by the debtors reach the creditors within the shortest time and, no bills are left unpaid. When one hires the services of a collection agency then they have an agreement that lets the agency takes on the responsibility of tracing the debtors and collecting the debt abiding by the Fair Debt Collection Practices Act (FDCPA).
Small businesses are hesitant to ask for unpaid dues too strongly. This is because they aren't familiar with the rules and regulations of collecting debts. They are not clear on how and when to ask for payment that is overdue. Another reason for their hesitancy is the fear of losing future business with the customer. It is where the debt collection companies come into the picture.
by Nicholas Sorrentino
Customers who take their time with payments have become prominent these days. Unpaid dues or bad debt is a necessary problem for all organizations which further lead to restricted cash flows and hinder the growth of the business.
Collection companies play a vital role in settling differences between the debtors and creditors. They act as resolutions for both ends. The collectors offer services to creditors and ensure that all their debts are collected within the shortest time possible. They also assist debtors and help manage their bills in an organized way.
These agencies are an advantage for all businesses as they are experts in the collection of unpaid dues from delinquent customers. They save valuable time and assets that can be used for business growth. Occasionally, collection agencies will purchase the debt from the creditor. However, usually all that the collection agencies acquire is the right to carry out the process of debt collection.
It's important that one should visit these organizations over the Web to know the services being offered. Many companies have special training programs for their agents for handling their clients with much care and better understanding.
The main goal of these agencies is to make sure all payments made by the debtors reach the creditors within the shortest time and, no bills are left unpaid. When one hires the services of a collection agency then they have an agreement that lets the agency takes on the responsibility of tracing the debtors and collecting the debt abiding by the Fair Debt Collection Practices Act (FDCPA).
Small businesses are hesitant to ask for unpaid dues too strongly. This is because they aren't familiar with the rules and regulations of collecting debts. They are not clear on how and when to ask for payment that is overdue. Another reason for their hesitancy is the fear of losing future business with the customer. It is where the debt collection companies come into the picture.
Obtaining A VA Loan
Obtaining A VA Loan
by Takara Alexis
If order to obtain a VA loan, you will need to set up specific conditions and requirements in place. You might have the privilege of obtaining a VA loan but you still have to meet a few requirements.
Firstly, see to it that you are eligible. Being eligible for a VA loan requires that you have war experience and that you have been in active duty for a certain time-frame. You may not be a war veteran but you can still be eligible if you are a personnel who has served the military for at least 6 years.
Bankruptcy or foreclosure is another requirement to consider. While this does not necessarily forfeit a veteran if he can set his credit rating with a year or two, there are certain things you need to adjust with your credit score. There are actually lenders and agencies who are flexible in their aims and will still support you even with bad credit or in the face of bankruptcy. Then again, you still need to do what you can to improve your credit score in order to increase your chances of qualifying for the loan.
Once you get eligible for a loan, you can then go on and look for lenders who will provide you with enough amounts of loan. There are regional offices and other lending institutes who can give you the advice that you need. You can also hire a mortgage broker to help you do the job. Once you find a reputable lender, you can proceed to the process of choosing a home and making a deal with the seller or agent for that matter.
Credit rating is another thing you should keep in mind. If you are a veteran, then you must have at least a credit score of 580 in addition to having credit. You can establish a compromise when it comes to these things. Credible records like utility bills and other financial records would also be good substitutes for credit history. They may also spare you the credit rating should you be disabled.
As you can see here, getting a VA loan is not a hard process as you are eligible and happen to meet requirements mentioned above. In addition to this, you could require a certificate of eligibility in order to assure that you are really an eligible applicant. There is a number of good information which you can find online in order for you to get the best results.
by Takara Alexis
If order to obtain a VA loan, you will need to set up specific conditions and requirements in place. You might have the privilege of obtaining a VA loan but you still have to meet a few requirements.
Firstly, see to it that you are eligible. Being eligible for a VA loan requires that you have war experience and that you have been in active duty for a certain time-frame. You may not be a war veteran but you can still be eligible if you are a personnel who has served the military for at least 6 years.
Bankruptcy or foreclosure is another requirement to consider. While this does not necessarily forfeit a veteran if he can set his credit rating with a year or two, there are certain things you need to adjust with your credit score. There are actually lenders and agencies who are flexible in their aims and will still support you even with bad credit or in the face of bankruptcy. Then again, you still need to do what you can to improve your credit score in order to increase your chances of qualifying for the loan.
Once you get eligible for a loan, you can then go on and look for lenders who will provide you with enough amounts of loan. There are regional offices and other lending institutes who can give you the advice that you need. You can also hire a mortgage broker to help you do the job. Once you find a reputable lender, you can proceed to the process of choosing a home and making a deal with the seller or agent for that matter.
Credit rating is another thing you should keep in mind. If you are a veteran, then you must have at least a credit score of 580 in addition to having credit. You can establish a compromise when it comes to these things. Credible records like utility bills and other financial records would also be good substitutes for credit history. They may also spare you the credit rating should you be disabled.
As you can see here, getting a VA loan is not a hard process as you are eligible and happen to meet requirements mentioned above. In addition to this, you could require a certificate of eligibility in order to assure that you are really an eligible applicant. There is a number of good information which you can find online in order for you to get the best results.
International Debt Collection Calling? Make Sure You Pick Up
International Debt Collection Calling? Make Sure You Pick Up
by Lynette Pettinicchi
With the not so booming economy, international debt collectors have to find new ways to get people to pay what they owe. Consumers might not be shopping and spending as much cash anymore, but they are not paying off what they spent in the past. International debt collection is on the rise but consumers are turning the other cheek when being contacted.
International debt collectors commonly have offices in various different countries with markets expanding. There is no escaping them. Each collection agency has their own strategies of making consumers pay their debt, but are very similar. No one wants to hassle someone for money just as much as the consumer wants to hear it. International debt collection agencies make sure they communicate in the debtors' language to there is no misunderstandings. So when you get that first demand letter in the mail? Respond to it, because it just gets worse from there. If you have ever seen the movie "Confessions of a Shopaholic" you'd know.
The first mistake a debtor makes is thinking that just because someone is calling internationally they will never have to pay. Wrong. A debt collector, regardless of where they are located, has all the information of what you owe, where you live, your phone number, and even a credit report. Usually after the first letter goes unanswered, the international debt collection agency will call you. And ignoring that call will not make them go away. A collector may call a debtor every week or even every day. If those calls go unanswered and no money is coming in that's when international debt collectors become irritated.
An upset debt collector is not a person you want to deal with. Think of it as having a younger sibling when you were a child and you didn't give them the toy they wanted right then and there. Not exactly the time of your life. The next step is to get a visit. An international debt collection agency will send someone to visit you to find out why there has been no response or money coming in. At that point, there are two choices. To begin a payment plan with the agency or they will refer you to legal services.
International debt collection is going to be on the rise until the job market opens back up and the economy is not in a downfall. If you're one of those people who owe money, don't ignore the debt collector. Because remember, it starts out with a letter and ends in court.
by Lynette Pettinicchi
With the not so booming economy, international debt collectors have to find new ways to get people to pay what they owe. Consumers might not be shopping and spending as much cash anymore, but they are not paying off what they spent in the past. International debt collection is on the rise but consumers are turning the other cheek when being contacted.
International debt collectors commonly have offices in various different countries with markets expanding. There is no escaping them. Each collection agency has their own strategies of making consumers pay their debt, but are very similar. No one wants to hassle someone for money just as much as the consumer wants to hear it. International debt collection agencies make sure they communicate in the debtors' language to there is no misunderstandings. So when you get that first demand letter in the mail? Respond to it, because it just gets worse from there. If you have ever seen the movie "Confessions of a Shopaholic" you'd know.
The first mistake a debtor makes is thinking that just because someone is calling internationally they will never have to pay. Wrong. A debt collector, regardless of where they are located, has all the information of what you owe, where you live, your phone number, and even a credit report. Usually after the first letter goes unanswered, the international debt collection agency will call you. And ignoring that call will not make them go away. A collector may call a debtor every week or even every day. If those calls go unanswered and no money is coming in that's when international debt collectors become irritated.
An upset debt collector is not a person you want to deal with. Think of it as having a younger sibling when you were a child and you didn't give them the toy they wanted right then and there. Not exactly the time of your life. The next step is to get a visit. An international debt collection agency will send someone to visit you to find out why there has been no response or money coming in. At that point, there are two choices. To begin a payment plan with the agency or they will refer you to legal services.
International debt collection is going to be on the rise until the job market opens back up and the economy is not in a downfall. If you're one of those people who owe money, don't ignore the debt collector. Because remember, it starts out with a letter and ends in court.
Some Tips And Tricks For Working With A Collection Agency
Some Tips And Tricks For Working With A Collection Agency
by Michael Gillen
Owing money is never fun, and neither is working with a collections agency. However, it is something that most of us will have to deal with at some point in our lives, so here are a few tips and tricks in order to get you through the process with as little pain as possible.
1) Avoid a Collections Agency: This one is pretty obvious and, if we were all able to do this, then we wouldn't need articles like this. However, many people are surprised to learn that once you owe money, it doesn't immediately go to a collections agency. Since debt collections agencies take a cut of any money recovered, most companies would rather not deal with them. If you call the people to whom you owe money and work out a plan with them you may avoid debt collection agencies altogether.
2) Certify Your Mail: You do not have to be told that letters often get lost in the mail. By sending things certified mail, you will have proof that you have done everything in power in order to do what you're supposed to do.
3) Communicate: Many people try to avoid dealing with their collections agency. The truth is: no matter what happens, you're going to have to deal with them eventually, and it's advantageous to get your debt collection plan worked out as fast as possible. At the very least, this way you will know what you have to do.
4) Hire a Lawyer: This would probably only be a good idea if you owe a lot of money, since lawyers can be expensive. However, if you have a lawyer, the debt collection agency is required to deal with them instead of you, which is a great way to avoid any headaches. Also, if your case does go to court, you would do best to have a lawyer in your corner to help you work your way through the legal morass that could develop.
If there is one last piece of information I could leave you with, it would be that you're realistically going to have to pay your debt and avoiding it will only make your situation worse. If a debt collection agency is calling you, do your best to work out some sort of plan with them, even if it's only a little bit of money each month. If your case does go to court, your wages could be garnished, as well as a variety of other problems. Simply put, a bit of preemptive communication is worth its weight in gold.
by Michael Gillen
Owing money is never fun, and neither is working with a collections agency. However, it is something that most of us will have to deal with at some point in our lives, so here are a few tips and tricks in order to get you through the process with as little pain as possible.
1) Avoid a Collections Agency: This one is pretty obvious and, if we were all able to do this, then we wouldn't need articles like this. However, many people are surprised to learn that once you owe money, it doesn't immediately go to a collections agency. Since debt collections agencies take a cut of any money recovered, most companies would rather not deal with them. If you call the people to whom you owe money and work out a plan with them you may avoid debt collection agencies altogether.
2) Certify Your Mail: You do not have to be told that letters often get lost in the mail. By sending things certified mail, you will have proof that you have done everything in power in order to do what you're supposed to do.
3) Communicate: Many people try to avoid dealing with their collections agency. The truth is: no matter what happens, you're going to have to deal with them eventually, and it's advantageous to get your debt collection plan worked out as fast as possible. At the very least, this way you will know what you have to do.
4) Hire a Lawyer: This would probably only be a good idea if you owe a lot of money, since lawyers can be expensive. However, if you have a lawyer, the debt collection agency is required to deal with them instead of you, which is a great way to avoid any headaches. Also, if your case does go to court, you would do best to have a lawyer in your corner to help you work your way through the legal morass that could develop.
If there is one last piece of information I could leave you with, it would be that you're realistically going to have to pay your debt and avoiding it will only make your situation worse. If a debt collection agency is calling you, do your best to work out some sort of plan with them, even if it's only a little bit of money each month. If your case does go to court, your wages could be garnished, as well as a variety of other problems. Simply put, a bit of preemptive communication is worth its weight in gold.
Monday, September 19, 2011
Link Building Strategies
Link Building Strategies
by Justin Maas
Link building is a search engine optimization technique that looks to increase your website's prominence in search engines. By having a large amount of links that go back to your website search engines will place you higher and higher in the results for keywords relevant to your website. There are tons of different methods for link building, some legitimate and some illegitimate, and I will outline a few of them here.
The first method and probably easiest to do is reciprocal link building. Find a website that goes along with or seems complementary to your website and contact the webmaster of the site. Ask him/her to place a link to your website on theirs and explain why you think it would be beneficial for both of you. Before you contact the webmaster be sure that you already have a link to their page on your website as this will show them you are serious about creating a mutual partnership. It is also a good idea to send them a link to your website in the email that they can copy and paste to make sure they don't accidentally build a non-working link on their website.
Another way to build links to your website is to give people a reason to link to you website. Provide content that people will want to read or see and make them link to your website because they want to. If you can get you website to be seen as a thought leader you will see links to your website increase. This method is time consuming and not easy as it takes time and effort to generate content that is worthwhile. This can be done through article marketing which involves writing articles that are useful that have a link to your website at the bottom.
One link building strategy that is a bit time consuming is becoming active on message boards. Find a message board that is based around a topic related to your business or industry and become and active member. Post and reply as much as possible and become a very visible member of the message board. Include a link to your website in your signature and your website should see and increase in traffic and prominence in search engines as there will be many links going back to your website.
Link building is time consuming, but very much an important part of creating a successful website. If you aren't on the first page of the search results you probably aren't going to be seen. Take the time to build a network of links that will give your site credibility and allow it to continue to grow.
by Justin Maas
Link building is a search engine optimization technique that looks to increase your website's prominence in search engines. By having a large amount of links that go back to your website search engines will place you higher and higher in the results for keywords relevant to your website. There are tons of different methods for link building, some legitimate and some illegitimate, and I will outline a few of them here.
The first method and probably easiest to do is reciprocal link building. Find a website that goes along with or seems complementary to your website and contact the webmaster of the site. Ask him/her to place a link to your website on theirs and explain why you think it would be beneficial for both of you. Before you contact the webmaster be sure that you already have a link to their page on your website as this will show them you are serious about creating a mutual partnership. It is also a good idea to send them a link to your website in the email that they can copy and paste to make sure they don't accidentally build a non-working link on their website.
Another way to build links to your website is to give people a reason to link to you website. Provide content that people will want to read or see and make them link to your website because they want to. If you can get you website to be seen as a thought leader you will see links to your website increase. This method is time consuming and not easy as it takes time and effort to generate content that is worthwhile. This can be done through article marketing which involves writing articles that are useful that have a link to your website at the bottom.
One link building strategy that is a bit time consuming is becoming active on message boards. Find a message board that is based around a topic related to your business or industry and become and active member. Post and reply as much as possible and become a very visible member of the message board. Include a link to your website in your signature and your website should see and increase in traffic and prominence in search engines as there will be many links going back to your website.
Link building is time consuming, but very much an important part of creating a successful website. If you aren't on the first page of the search results you probably aren't going to be seen. Take the time to build a network of links that will give your site credibility and allow it to continue to grow.
Dubai Beginning To Actively Follow Social Media
Dubai Beginning To Actively Follow Social Media
by Takara Alexis
As you'll remember, last year the United Arab Emirates threatened to suspend BlackBerry services because they couldn't access encrypted email and messaging services. In a new direction, Dubai's Police Department began monitoring social media sites for signs of attempts to organize protests or strikes. This information comes from one of the nations police officers. The officer cited the large foreign laborer population as a major concern for the country. This process has gained impetus following on the heels of social media's major role in the Arab uprisings from the earlier part of the year and the recent riots in Britain.
Earlier this year social media flexed its muscle while helping to create change in the Arab world. Now however, it appears that more oppressive countries have begun to monitor social media enough to effectively squelch dissent. It is interesting to note that social media was effective in helping to cause riots in Britain, but has seemingly lost its power in places that need it more. Dubai is an interesting case of a progressive Middle Eastern country that appears to be regressing out of concerns for the ruling elite.
"Whoever spreads false or malicious news or statements or spreading propaganda which could upset public security could spend between one month to three years in jail," Colonel Abdul Rahim bin Shafi, director of the Interior Ministry's organized crime department in Dubai, told Reuters on Wednesday. He continued, "All media are being monitored, including social media. People can express their opinion without violating (social) norms. Twitter and Facebook were invented to make the world easier but if they were used adversely, the perpetrators will be punished by law."
Approximately 80% of the United Arab Emirates population is foreigner workers, mostly from Asia and the Indian Subcontinent in particular. In the past these workers have gone on strike over low wages and bad working conditions.
At least five activists have been arrested already on charges of incitement and insulting the country's leadership. This is part of UAE security's broader efforts to silence a group of activists calling for more democratic reforms.
by Takara Alexis
As you'll remember, last year the United Arab Emirates threatened to suspend BlackBerry services because they couldn't access encrypted email and messaging services. In a new direction, Dubai's Police Department began monitoring social media sites for signs of attempts to organize protests or strikes. This information comes from one of the nations police officers. The officer cited the large foreign laborer population as a major concern for the country. This process has gained impetus following on the heels of social media's major role in the Arab uprisings from the earlier part of the year and the recent riots in Britain.
Earlier this year social media flexed its muscle while helping to create change in the Arab world. Now however, it appears that more oppressive countries have begun to monitor social media enough to effectively squelch dissent. It is interesting to note that social media was effective in helping to cause riots in Britain, but has seemingly lost its power in places that need it more. Dubai is an interesting case of a progressive Middle Eastern country that appears to be regressing out of concerns for the ruling elite.
"Whoever spreads false or malicious news or statements or spreading propaganda which could upset public security could spend between one month to three years in jail," Colonel Abdul Rahim bin Shafi, director of the Interior Ministry's organized crime department in Dubai, told Reuters on Wednesday. He continued, "All media are being monitored, including social media. People can express their opinion without violating (social) norms. Twitter and Facebook were invented to make the world easier but if they were used adversely, the perpetrators will be punished by law."
Approximately 80% of the United Arab Emirates population is foreigner workers, mostly from Asia and the Indian Subcontinent in particular. In the past these workers have gone on strike over low wages and bad working conditions.
At least five activists have been arrested already on charges of incitement and insulting the country's leadership. This is part of UAE security's broader efforts to silence a group of activists calling for more democratic reforms.
Building Good Credit
Building Good Credit
by Takara Alexis
If you want to borrow money, you have to have a good credit history. The better your credit history, the higher your credit score and the lower your interest rate. You will find that with good credit comes an easier time at obtaining credit. Both young adults and those beginning to rebuild their credit must establish good credit histories. This can often be quite difficult. You might find that without a good credit history, it's a challenge to get a credit card, auto loan or home mortgage.
An established record of making payments towards loans and managing your credit wisely lets lenders know that you are reliable. If you have had financial hardships, lenders consider that you pose a risk of default. This results in either rejection or higher interest rates. Do not believe any company or a person that says you can quickly get a perfect credit history. This simply isn't true. It is something you have to work at. But the work isn't hard. It just takes a few wise moves and time.
In order to have a credit score at all, you must have a credit account open for at least six months that has been reported on. Start off on the right foot and you won't have to worry about your credit score.
The first step in establishing credit is to open a savings and a checking account. There doesn't have to be a large amount of funds in your accounts, you just need to show that you are financially responsible. This means that you need to make deposits and withdrawals over time. Be careful though, bounced checks send the opposite message. They show that you have a hard time managing your money.
You should get into the habit of paying your bills on time, every time. This means that you never miss a cable bill, a utility bill or a rent payment. While these don't usually get reported to the credit bureaus, a late payment or collection will probably show up on your credit report. Pay your bills on time and get into the habit. It'll benefit you when you do have credit accounts to make payments on.
One of the best ways to begin a credit history is by obtaining a secured credit card. You deposit money into a bank account at your bank, and that amount is your credit limit. The issuer will simply deduct the money owed if you default on your payments. This will build a credit history while showing you to manage money. It does not matter if you have a low credit limit, the key is to establish a credit history that shows good management. After about a year, you should be able to move on to an unsecured credit card.
Other options for starting off with credit include store credit cards and student credit cards. The limits will usually be low and the interest rates high. But if you pay the balance in full every month, you will not have to worry about interest. This is the best way to manage your credit cards. Don't charge more than you can pay in full. You only need one or two accounts to establish credit history. Do not go out and apply for everything you can. Use your credit cards wisely. There is no reason to have more than three credit cards. In fact, one is your best number. Having too many open accounts of one type can damage your score.
by Takara Alexis
If you want to borrow money, you have to have a good credit history. The better your credit history, the higher your credit score and the lower your interest rate. You will find that with good credit comes an easier time at obtaining credit. Both young adults and those beginning to rebuild their credit must establish good credit histories. This can often be quite difficult. You might find that without a good credit history, it's a challenge to get a credit card, auto loan or home mortgage.
An established record of making payments towards loans and managing your credit wisely lets lenders know that you are reliable. If you have had financial hardships, lenders consider that you pose a risk of default. This results in either rejection or higher interest rates. Do not believe any company or a person that says you can quickly get a perfect credit history. This simply isn't true. It is something you have to work at. But the work isn't hard. It just takes a few wise moves and time.
In order to have a credit score at all, you must have a credit account open for at least six months that has been reported on. Start off on the right foot and you won't have to worry about your credit score.
The first step in establishing credit is to open a savings and a checking account. There doesn't have to be a large amount of funds in your accounts, you just need to show that you are financially responsible. This means that you need to make deposits and withdrawals over time. Be careful though, bounced checks send the opposite message. They show that you have a hard time managing your money.
You should get into the habit of paying your bills on time, every time. This means that you never miss a cable bill, a utility bill or a rent payment. While these don't usually get reported to the credit bureaus, a late payment or collection will probably show up on your credit report. Pay your bills on time and get into the habit. It'll benefit you when you do have credit accounts to make payments on.
One of the best ways to begin a credit history is by obtaining a secured credit card. You deposit money into a bank account at your bank, and that amount is your credit limit. The issuer will simply deduct the money owed if you default on your payments. This will build a credit history while showing you to manage money. It does not matter if you have a low credit limit, the key is to establish a credit history that shows good management. After about a year, you should be able to move on to an unsecured credit card.
Other options for starting off with credit include store credit cards and student credit cards. The limits will usually be low and the interest rates high. But if you pay the balance in full every month, you will not have to worry about interest. This is the best way to manage your credit cards. Don't charge more than you can pay in full. You only need one or two accounts to establish credit history. Do not go out and apply for everything you can. Use your credit cards wisely. There is no reason to have more than three credit cards. In fact, one is your best number. Having too many open accounts of one type can damage your score.
Collection Company Pros
Collection Company Pros
by Nicholas Sorrentino
Customers who take their time with payments have become prominent these days. Unpaid dues or bad debt is a necessary problem for all organizations which further lead to restricted cash flows and hinder the growth of the business.
Collection companies play a vital role in settling differences between the debtors and creditors. They act as resolutions for both ends. The collectors offer services to creditors and ensure that all their debts are collected within the shortest time possible. They also assist debtors and help manage their bills in an organized way.
These agencies are an advantage for all businesses as they are experts in the collection of unpaid dues from delinquent customers. They save valuable time and assets that can be used for business growth. Occasionally, collection agencies will purchase the debt from the creditor. However, usually all that the collection agencies acquire is the right to carry out the process of debt collection.
It is important that one should visit these organizations over the Web to know the services being offered. Many companies have special training programs for their agents for handling their clients with much care and better understanding.
The main goal of these agencies is to make sure all payments made by the debtors reach the creditors within the shortest time and, no bills are left unpaid. When one hires the services of a collection agency then they have an agreement that lets the agency takes on the responsibility of tracing the debtors and collecting the debt abiding by the Fair Debt Collection Practices Act (FDCPA).
Small businesses are hesitant to ask for unpaid dues too strongly. This is because they are not familiar with the rules and regulations of collecting debts. They are not clear on how and when to ask for payment that is overdue. Another reason for their hesitancy is the fear of losing future business with the customer. It is where the debt collection companies come into the picture.
by Nicholas Sorrentino
Customers who take their time with payments have become prominent these days. Unpaid dues or bad debt is a necessary problem for all organizations which further lead to restricted cash flows and hinder the growth of the business.
Collection companies play a vital role in settling differences between the debtors and creditors. They act as resolutions for both ends. The collectors offer services to creditors and ensure that all their debts are collected within the shortest time possible. They also assist debtors and help manage their bills in an organized way.
These agencies are an advantage for all businesses as they are experts in the collection of unpaid dues from delinquent customers. They save valuable time and assets that can be used for business growth. Occasionally, collection agencies will purchase the debt from the creditor. However, usually all that the collection agencies acquire is the right to carry out the process of debt collection.
It is important that one should visit these organizations over the Web to know the services being offered. Many companies have special training programs for their agents for handling their clients with much care and better understanding.
The main goal of these agencies is to make sure all payments made by the debtors reach the creditors within the shortest time and, no bills are left unpaid. When one hires the services of a collection agency then they have an agreement that lets the agency takes on the responsibility of tracing the debtors and collecting the debt abiding by the Fair Debt Collection Practices Act (FDCPA).
Small businesses are hesitant to ask for unpaid dues too strongly. This is because they are not familiar with the rules and regulations of collecting debts. They are not clear on how and when to ask for payment that is overdue. Another reason for their hesitancy is the fear of losing future business with the customer. It is where the debt collection companies come into the picture.
Wednesday, September 7, 2011
Collection Agencies And Conduct
Collection Agencies And Conduct
by Takara Alexis
When people are approached by a collection agency, many of them are automatically nervous. It's common to be nervous, since you literally have an entity reminding you that you have a debt to be paid. While it is legal to have collection agencies approach people in debt, many of the people who become nervous do not understand that there are certain laws that collection agencies must adhere to.
In the US, collection agencies have to abide by the Fair Debt Collection Practices Act. It was passed in 1978 and used to establish guidelines for fair debt collection practices to be made. Without these laws collection agencies would be able to harass you constantly from sunrise to sunset. So always make sure to know your rights, and what they are allowed and not allowed to do. There are also state laws that may affect collection agencies as well that differ from state, but here are a few from the Fair Debt Collection Practices Act.
Phone Contact- It is illegal to contact someone outside of the hours of 8am - 9pm local time. Deceit- It is illegal to misrepresent the debt, or pretend to be someone you are not, in order to intimidate the subject. (Such as pretending to be an attorney).
Abusive Language- Any profane language or abusive language is prohibited during communication related to the debt. Bad Debt List- It is illegal to put the name of the subject on a bad debt list.
Cease Contact- Once the collection agency has received a written notice that the subject wishes to prohibit contact, or refuses to pay the debt, it is illegal for the collection agency to continue contact with that person.
Attorney Contact- If you are represented by an attorney, they must contact the attorney. Persistent Phone Calling- Calling repeatedly calling someone is considered harassment.
by Takara Alexis
When people are approached by a collection agency, many of them are automatically nervous. It's common to be nervous, since you literally have an entity reminding you that you have a debt to be paid. While it is legal to have collection agencies approach people in debt, many of the people who become nervous do not understand that there are certain laws that collection agencies must adhere to.
In the US, collection agencies have to abide by the Fair Debt Collection Practices Act. It was passed in 1978 and used to establish guidelines for fair debt collection practices to be made. Without these laws collection agencies would be able to harass you constantly from sunrise to sunset. So always make sure to know your rights, and what they are allowed and not allowed to do. There are also state laws that may affect collection agencies as well that differ from state, but here are a few from the Fair Debt Collection Practices Act.
Phone Contact- It is illegal to contact someone outside of the hours of 8am - 9pm local time. Deceit- It is illegal to misrepresent the debt, or pretend to be someone you are not, in order to intimidate the subject. (Such as pretending to be an attorney).
Abusive Language- Any profane language or abusive language is prohibited during communication related to the debt. Bad Debt List- It is illegal to put the name of the subject on a bad debt list.
Cease Contact- Once the collection agency has received a written notice that the subject wishes to prohibit contact, or refuses to pay the debt, it is illegal for the collection agency to continue contact with that person.
Attorney Contact- If you are represented by an attorney, they must contact the attorney. Persistent Phone Calling- Calling repeatedly calling someone is considered harassment.
Internet Advertising And Why You Should Use It
Internet Advertising And Why You Should Use It
by Takara Alexis
What will the future bring for advertising? Will it be more billboards, newspaper ads, movie plug ins, and other old fashioned methods? No, it will be internet advertising. Internet advertising will grow and grow, and be utilized far more than other mediums for advertising. Even through struggling times in 2010, internet advertising had over 22.8 billion in revenue, passing newspaper revenue for the first time.
Its overall revenue had also increased 15% prior to the year before, demonstrating its ability to grow even through tough times. One question persists. Why is internet advertising so effective? Immense penetration of the market. In the US alone, 78.3% of the population uses the internet.
Records. Marketers can now track the behavior of users online and pinpoint who to target and how. This allows even more specific and personal advertising, as opposed to sending messages to broader demographics.
Interactivity. With a mouse and keyboard, a consumer can get much more involved with a product as opposed to reading about it from a newspaper or watching a TV ad. With viral campaigns, and social games being a craze, potential consumers now come across online ads that they can share, play, customize, and more, getting more deeply involved with the product as time goes by.
Inexpensive. For the most part, online advertising is cheaper than most mediums of advertising (Especially Super Bowl half-time ads). Creative companies will also think of campaigns that are almost cost free, such as using a video service such as YouTube for contests, or their own home video campaigns.
Potential. The internet grows exponentially every day. More and more people have access to it. The Earth is leaning more and more towards digitization. It's plausible that one day everyone will be plugged in to the internet, one way or another.
With such positive influence to be had over the internet, there is no reason not to use internet advertising. With all the possibilities at a relatively cheap price, internet advertising looks to be the normal medium for advertising in the future.
by Takara Alexis
What will the future bring for advertising? Will it be more billboards, newspaper ads, movie plug ins, and other old fashioned methods? No, it will be internet advertising. Internet advertising will grow and grow, and be utilized far more than other mediums for advertising. Even through struggling times in 2010, internet advertising had over 22.8 billion in revenue, passing newspaper revenue for the first time.
Its overall revenue had also increased 15% prior to the year before, demonstrating its ability to grow even through tough times. One question persists. Why is internet advertising so effective? Immense penetration of the market. In the US alone, 78.3% of the population uses the internet.
Records. Marketers can now track the behavior of users online and pinpoint who to target and how. This allows even more specific and personal advertising, as opposed to sending messages to broader demographics.
Interactivity. With a mouse and keyboard, a consumer can get much more involved with a product as opposed to reading about it from a newspaper or watching a TV ad. With viral campaigns, and social games being a craze, potential consumers now come across online ads that they can share, play, customize, and more, getting more deeply involved with the product as time goes by.
Inexpensive. For the most part, online advertising is cheaper than most mediums of advertising (Especially Super Bowl half-time ads). Creative companies will also think of campaigns that are almost cost free, such as using a video service such as YouTube for contests, or their own home video campaigns.
Potential. The internet grows exponentially every day. More and more people have access to it. The Earth is leaning more and more towards digitization. It's plausible that one day everyone will be plugged in to the internet, one way or another.
With such positive influence to be had over the internet, there is no reason not to use internet advertising. With all the possibilities at a relatively cheap price, internet advertising looks to be the normal medium for advertising in the future.
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