Tutorials Archive
Tutorial: Judgment Collection Letters
When you reach the point where you feel a judgment is uncollectible, there is one last strategy that you can try. Contact your Small Claims Court (or the court you obtained your judgment in) and obtain the appropriate forms and information to serve your debtor with a Debtors Exam Order (or what it’s referred to ...
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Tutorial: The Bad Check Collection Letter
Whereas bad checks are less of a problem when your customer base is mostly commercial as opposed to consumer, the potential is always there and you should be prepared to deal with bad checks when and if you receive them. Having the best collection letter is the most important thing....
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Tutorial: The Final Demand Collection Letter
When all other collection attempts fail, you have a choice: either let the matter (and your money) go, or take it to court. A written Final Demand Collection Letter is recommended by most small claims courts and required by a few, to file suit. Keep in mind though that you don’t want to go to court, ...
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Tutorial: The First Collection Letter
Collection Letter or Phone Call? As a general rule in early collections, a phone call is ten times more effective than a written collection letter. This is mainly because at this stage a two-way dialogue is far more effective than a one-way communication. But like many rules in collections, there are exceptions: • You might need ...
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"I mailed 25 collection letters based on this program – 15 paid right away without even a follow-up call. These were our most stubborn accounts given one last chance to pay."
Illinois