Custom Search home general business articles business marketing/promotion customer service, CRM branding joint venture financial management general and inspirational stress management health links inspirational articles Internet Business website design website promotion

Debt Collection Oregon City OR

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 Oregon City, OR that will answer all of your questions about Debt Collection.

Robert Schaefer Perkins
(503) 222-4449
4004 Kruse Way Pl Ste 200
Lake Oswego, OR
Personal Injury, Debt Collection, Personal Injury, Litigation
State Licensing

Li Wei
(503) 775-2720
7059 Se Powell Blvd
Portland, OR
Debt Collection, Business, Contracts, Corporate, General Practice, Immigration
State Licensing
Oregon, Washington

Edward Louis Ferrero
(503) 234-7525
1602 Se Tacoma St
Portland, OR
Debt Collection, Estate Planning, Litigation
State Licensing

Richard J Parker
(503) 241-1320
1336 E Burnside St # 200
Portland, OR
Bankruptcy, Debt Collection, Immigration
State Licensing
Oregon, Washington

Roger Priest Jr
(503) 477-9448
5331 SW Macadam Ave, #258-305
Portland, OR
Child Custody, Debt Collection, Divorce
State Licensing

Joshua Randall Trigsted
(888) 595-9111
Debt Collection, Credit Repair, Debt Settlement, Lemon Law, Bankruptcy
University of Oregon School of Law,Florida State University
State Licensing
Oregon, Utah

Aaron J. Bell
(503) 682-8840
Po Box 1547
Wilsonville, OR
Debt Collection
State Licensing
Oregon, Washington

Thomas M Johnson
(503) 684-4111
7000 Sw Varns St
Portland, OR
Debt Collection, General Practice, Land Use & Zoning, Litigation
Pepperdine University School of Law
State Licensing
California, Oregon, Washington

Elleanor H Chin
(503) 241-2300
1300 SW 5TH AVE STE 2300
Litigation, Debt Collection, Bankruptcy
University of Michigan Law School,Bryn Mawr College,University of Michigan School of Social Work
State Licensing
Ohio, Oregon

Gregory Scott Blair
(503) 906-9120
6650 Sw Redwood Ln Ste 290
Portland, OR
Intellectual Property, Debt Collection, Business, Intellectual Property
University of Texas
State Licensing

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...

Click here to read the rest of this article from

Website Developed and Hosted By:
International Cyber Business Services, Inc.
Developers of,, and
Copyright © 1996-2008, ICBS, Inc. All Rights Reserved.