Bender Commercial Collection Law
New Jersey Business Collections Attorney
The first rule of accounts receivable collections is return on investment. Sure, you want to get paid as a matter of principle, but you also need to look at it practically. This article will discuss the issues of cost and collectability in deciding whether to sue for unpaid receivables.
While demand letters that threaten suit are common in business debt collections, they don’t often work. This article will discuss why demand letters are usually ineffective, and why diplomacy and litigation are your best tools for getting paid.
Whenever you have past-due accounts, the first thing to do is contact the customer. In this article, we’ll discuss the importance in commercial debt collections of reaching out early, understanding the customer’s reasons in the hope of resolving them, and documenting them in case you have to sue.
A common question in AR collections is whether you can make the customer pay your debt collection law firm. The answer depends on whether there’s a recognized basis for shifting fees. This article will discuss when and to what extent you can recover attorney fees in AR collections litigation.
To make sure you get paid, your credit policies should appeal to the customer’s self-interest. Offering discounts and charging penalties can serve as the carrot and stick. This article will discuss how to avoid debt collection for unpaid invoices by motivating your customers to pay.