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Debt Collection Longwood FL

This page provides useful content and local businesses that can help with your search for information on Debt Collection. You will find helpful, informative articles about Debt Collection, including "Collect Your Money - On Time!". You will also find local businesses that provide the products or services that you are looking for. Please scroll down to find the local resources in Longwood, FL that will answer all of your questions about Debt Collection.

Premium Credit Consulting
(321) 972-8992
1088 E. Altamonte Springs Dr suite 106
Altamonte Springs, FL
 
Gerald Kenneth Burton
(407) 875-2655
1065 Maitland Center Commons Blvd
Maitland, FL
Specialties
Real Estate, Contracts, General Practice, Debt Collection
Education
No Law School provided
State Licensing
Florida

Richard Allan Heller
(407) 649-7700
2507 Edgewater Dr
Orlando, FL
Specialties
Chapter 7, Chapter 13, Wills, Probate, Residential, Debt Collection, General Practice
Education
University of Miami School of Law,University of Miami
State Licensing
Florida

Peter Robert Mcgrath
(407) 872-7010
801 N Magnolia Ave Ste 317
Orlando, FL
Specialties
Debt Collection, Litigation, Corporate, Real Estate
Education
Wake Forest University School of Law,Michigan State University
State Licensing
Florida

Daniel Bachrach
(407) 244-3261
111 N Orange Ave Ste 1800
Orlando, FL
Specialties
Real Estate, Debt Collection, Commercial
Education
University of Florida, Fredric G. Levin College of Law
State Licensing
Florida

Taras S. Rudnitsky
(407) 323-4949
145 Middle Street, Suite 1111
Lake Mary, FL
Specialties
Defective & Dangerous Products, Credit Card Fraud, Lemon Law, Debt Collection
Education
University of Michigan Law School,Wayne State University,Wayne State University
State Licensing
Florida, Michigan

W C Airth Jr.
(407) 423-5561
2518 Edgewater Dr Ste 4
Orlando, FL
Specialties
Debt Collection, Foreclosure, Personal Injury
Education
University of Florida, Fredric G. Levin College of Law
State Licensing
Florida

Claude Robert Graham
(888) 897-1116
3165 Mccrory Pl., Ste. 151
Orlando, FL
Specialties
Debt Collection, Business, Oil & Gas, Social Security, Personal Injury, Real Estate, Litigation
Education
Florida Coastal School of Law
State Licensing
Texas

I.J. Wesley Ogburia
(407) 481-0200
934 N Magnolia Ave Ste 225
Orlando, FL
Specialties
Adoption, Chapter 7, Debt Collection, Divorce, Immigration, Employment, Criminal Defense, Personal Injury, Wrongful Termination, Estate Planning, Landlord & Tenant, Workers Compensation, Uncontested Divorce
Education
University of Florida, Fredric G. Levin College of Law
State Licensing
Florida

Robert Sidney Hoofman
(407) 425-5500
P. O. Box 3146
Orlando, FL
Specialties
Appeals, Bankruptcy, Debt Collection
Education
University of Florida
State Licensing
Texas

Collect Your Money - On Time!


by Mike Burstein

Most SOHO and small business owners don't have the financial resources to wait for their customers to pay them. The inability to collect money in a timely manner is a leading reason for small business failures.

It's easy to fall into the trap of believing that if you don't offer relaxed payment options your customer will go elsewhere with their business. You may lose some business because of a strong financial policy but good customers aren't frightened off by realistic repayment terms.

Creating and enforcing a sound financial policy for your company should not be ignored - the consequences are far too severe! The service or products that you provide will limit some of your options but no business is precluded from collecting their hard earned money in a reasonable time frame.

The following list will help you as you formulate your company's financial policy:

1. Do you clearly explain payment terms to your customers before a transaction is completed?

2. Does your business lend itself to offering a cash discount vs. 30 day billing?

3. Do you accept credit cards?

4. Do you get proper ID with checks, including home and office phone numbers?

5. Do your customers sign a contract for your services?

6. Does your contract clearly state payment terms, including default remedies?

7. Does your credit application clearly state payment terms, including interest rate, late penalties and collection fees?

8. Do you order a credit report on new customers who request a line of credit?

9. Do you give customers credit without having them fill out a credit application?

All of the above items can be used to help build a sound financial policy. The cost of an attorney reviewing your contracts and credit application will be money well spent the first time you are faced with forcing a customer to pay in court.

Most business's wait too long before attempting to collect their money. Unfortunately, this just makes it harder to collect. It is not unreasonable to call your customer immediately when they miss a promised payment. Don't waste time with a customer who continually lies to you and breaks promises to pay.

Once you have determined that you cannot collect your money, engage a professional debt collection agency to handle the debt. Even if you have to pay 25% of the money to the agency, you are better off than holding onto the debt in the forlorn hope that your customer will pay you someday - it just doesn't happen!

An easy way to calculate whether the cost of a professional debt collector will be worthwhile is to use the following formula:

Examples - your customer owes you $1000

1. You hold on to a delinquent account hoping your customer will pay:

You collect $0.00

100% of 0.00 = nothing

2. You turn the debt over to a collection agency after making several calls & sending letters - the agency charges a 25% contingent fee:

The agency collects $1000.00

75% of $1000 = $750.00

Obviously, yo...

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