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Main » Business & Commerce » Small Businesses
 

Debt Collection "Cheat Sheet"

 
Author: Michelle Dunn
 

I have compiled 9 tips to remind you what can and can't be done when doing collections for your business, or a collection agency.

Print this out and hang it in your office on the wall you stare at when you make collection calls. These are some good reminders to keep in mind as you feel your blood pressure rise. Good luck!

Debtors cannot be put in jail because of failure to pay a debt.

You can sue a debtor if they start making small monthly payments and you did not agree to accept them.

ALWAYS record the date, time of day, name and contact information of the person you call.

Recording phone conversations without the consent of the other party is legal in some states.

You cannot visit a debtors home or call them before 8 a.m. or after 8:30 p.m.

You cannot call a debtor at work if you know the employer does not allow this.

You can contact other people to find debtors, but you cannot tell them it is because they owe money.

If a debtor gives you an attorneys name, you can only contact the attorney.

A debtor can stop you from calling by telling you not to call anymore.

You cannot use threats of violence, profanity or any false statements, repeated use of a telephone to annoy or harass or give false credit information about a debtor to anyone.

 
 
 

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