Custom Search
EntrepreneurismBible.com 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 Salem 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 Salem, OR that will answer all of your questions about Debt Collection.

Carolyn G Wade
(503) 934-4400
1162 Court St Ne
Salem, OR
Specialties
Bankruptcy, Debt Collection
State Licensing
Oregon, Washington

Michael Aaron Shurtleff
(503) 371-2908
715 Commercial St. NE, Suite #3
Salem, OR
Specialties
Chapter 7, Chapter 13, Debt Collection, Debt Settlement, Debt Agreements, Bankruptcy, Foreclosure
Education
Willamette University College of Law
State Licensing
Oregon

Gina Anne Johnnie
(503) 364-2281
Po Box 2247
Salem, OR
Specialties
Debt Collection, Business, Banking, Real Estate, Construction, Landlord & Tenant, Lawsuits & Disputes, Litigation
State Licensing
Oregon, Washington

Dominic M Campanella
(541) 772-7123
201 W MAIN STE 5 PO BOX 128
MEDFORD, OR
Specialties
Litigation, Insurance, Debt Collection
Education
University of Oregon School of Law,Eckerd College
State Licensing
Oregon

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

T W Churchill
(503) 585-2255
605 Center Street NE
Salem, OR
Specialties
Bankruptcy, Real Estate, Estate Planning, Contracts, Debt Collection
Education
Willamette University College of Law
State Licensing
Oregon

John Stuart Razor
(503) 362-5600
659 Cottage St Ne
Salem, OR
Specialties
Debt Collection, Civil Rights, Employment, Litigation
State Licensing
Washington

Giles Gibson
(503) 477-8900
Po Box 4205
Portland, OR
Specialties
Debt Collection, Contracts, Civil Rights, Litigation
State Licensing
Oregon, Washington

Karen Misfeldt
(541) 754-7477
PO Box 546, 310 NW 7th St Ste 100
Corvallis, OR
Specialties
Contracts, Estate Planning, Trademark Application, Real Estate, Debt Collection
Education
University of British Columbia,Unirversity of Western Ontario
State Licensing
Oregon

Richard Lee Grant
(503) 222-7343
1205 Nw 25th Ave
Portland, OR
Specialties
Debt Collection, Corporate, Estate Planning, Litigation
State Licensing
Washington

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 EntrepreneurismBible.com


Website Developed and Hosted By:
International Cyber Business Services, Inc.
Developers of holisticonline.com, 1stHolistic.com, GrandmasRemedies.com and SpecialGifts.com
Copyright © 1996-2008, ICBS, Inc. All Rights Reserved.