Commercial debt collection, the process of recovering unpaid debts from businesses, is governed by a complex web of laws and regulations designed to ensure fair and ethical practices. Understanding the legal framework surrounding commercial debt collection is crucial for businesses and collection agencies alike, as it helps them navigate the process effectively while avoiding legal … Read more
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The Prestige Services, Inc., blog includes topics on commercial debt collection laws in U.S. cities and states, recent business awards, and more.
In the world of business, debt collection is a necessary but often misunderstood function. The commercial debt collection industry, which involves collecting debts owed by businesses rather than individuals, is shrouded in myths and misconceptions. These misunderstandings can lead to mistrust and mismanagement, adversely affecting businesses’ financial health and relationships. In this article, we aim … Read more
In the realm of debt collection, legal proceedings, and even personal investigations, skip tracing emerges as a vital technique. The term “skip” refers to the person being searched for and is derived from the expression “to skip town.” Its significance lies in its ability to track down individuals who have become elusive, whether intentionally or … Read more
Attorney forwarding is a common strategy employed in commercial debt collection, particularly when traditional collection efforts have been exhausted. This process involves transferring delinquent accounts from a collection agency to a law firm specializing in debt recovery and legal proceedings. Here’s a breakdown of the seven most common steps involved in attorney forwarding with commercial … Read more
Located in the southwest corner of Alabama is the city of Mobile, which is home to almost 190,000 residents. Mobile covers a range of 180 square miles, including 140 square miles of land and 40 square miles of water. B2B Debt Collection Laws One of the most helpful factors for businesses in Mobile is the … Read more
With a size of 34 square miles, Nampa is located in the southwestern region of Idaho and has a resident population of more than 100,000 people as of 2020. This article is meant to show you the historic facts and current commercial debt collection laws of Nampa. Commercial Debt Collection Laws In Nampa, the state … Read more
Located in the southeastern region of Maryland is Rockville, a city within 17 miles of Washington D.C. Rockville is the fourth largest city in Maryland and the county seat of Montgomery County. As of 2020, the city’s resident census was slightly more than 67,000. Commercial Debt Collection Laws In Rockville, businesses have to adhere to … Read more
Located in the northeastern region of Ohio is Canton, which covers approximately 26 square miles of land. As of 2020, the population in Canton was more than 70,000 and the Canton-Massillon metropolitan area w as 401,000 residents. Commercial Debt Collection Laws In Ohio, there are a number of commercial debt collection laws in place for … Read more
Nestled between the Mendota and Monona scenic Wisconsin lakes is Madison, a city of almost 270,000 residents. Known for its progressive spirit, Madison has evolved into a hub of innovation and inclusivity, earning it the title of one of the best places to live in the United States. Commercial Debt Collection Laws In Madison, the … Read more
Located in the northeastern region of New Jersey is Hackensack, a city of approximately 46,000 residents and which stands as a testament to the resilience and adaptability of a city that has witnessed centuries of transformation. With a rich history dating back to the pre-colonial era, Hackensack has evolved from a Native American settlement to … Read more
